Short Interest in Appian Corporation (NASDAQ:APPN) Increases By 41.7%

Appian Corporation (NASDAQ:APPN) was the target of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 5,351,264 shares, an increase of 41.7% from the February 12th total of 3,776,473 shares. Currently, 12.9% of the company’s shares are sold short. Based on an average daily trading volume, of 1,577,301 shares, the short-interest ratio is presently 3.4 days. Based on an average daily trading volume, of 1,577,301 shares, the short-interest ratio is presently 3.4 days. Currently, 12.9% of the company’s shares are sold short.

Appian Trading Up 1.7%

Shares of APPN stock traded up $0.44 on Friday, hitting $25.59. The stock had a trading volume of 1,076,330 shares, compared to its average volume of 1,139,247. Appian has a twelve month low of $21.77 and a twelve month high of $46.06. The company has a fifty day moving average price of $27.53 and a two-hundred day moving average price of $32.06. The firm has a market cap of $1.89 billion, a P/E ratio of 2,559.00 and a beta of 0.92.

Appian (NASDAQ:APPN) last issued its quarterly earnings data on Thursday, February 19th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.11 by $0.04. Appian had a negative return on equity of 11.83% and a net margin of 0.17%.The business had revenue of $202.87 million for the quarter, compared to the consensus estimate of $189.33 million. The company’s revenue was up 21.7% compared to the same quarter last year. Appian has set its FY 2026 guidance at 0.820-0.960 EPS and its Q1 2026 guidance at 0.160-0.200 EPS. On average, analysts expect that Appian will post -0.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on APPN shares. Citigroup reduced their price objective on shares of Appian from $48.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Zacks Research raised Appian from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. DA Davidson set a $25.00 price target on Appian in a research report on Friday, February 20th. Wall Street Zen downgraded Appian from a “strong-buy” rating to a “buy” rating in a report on Friday, January 23rd. Finally, Morgan Stanley set a $41.00 target price on Appian in a research note on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $30.00.

Hedge Funds Weigh In On Appian

Several institutional investors and hedge funds have recently modified their holdings of APPN. Millennium Management LLC grew its holdings in shares of Appian by 18.9% during the first quarter. Millennium Management LLC now owns 302,720 shares of the company’s stock worth $8,721,000 after buying an additional 48,014 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Appian by 2.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 385,731 shares of the company’s stock valued at $11,113,000 after acquiring an additional 8,319 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Appian by 2.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 90,080 shares of the company’s stock worth $2,595,000 after acquiring an additional 2,244 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Appian by 89.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,198 shares of the company’s stock worth $36,000 after acquiring an additional 564 shares during the last quarter. Finally, Olympiad Research LP bought a new position in shares of Appian during the 2nd quarter worth approximately $260,000. 52.70% of the stock is currently owned by institutional investors and hedge funds.

Appian Company Profile

Appian Corporation is a global technology company specializing in low-code automation platforms designed to streamline business processes. Founded in 1999 by Matt Calkins, the company provides an integrated suite of tools that enables organizations to build enterprise applications and workflows rapidly with minimal hand coding. The platform combines process management, robotic process automation (RPA), artificial intelligence (AI) capabilities and data integration into a single environment, allowing businesses to accelerate digital transformation initiatives.

The core offering, the Appian Low-Code Platform, empowers users—ranging from professional developers to business analysts—to visually model, design and deploy applications that can automate complex operations, orchestrate tasks across systems, and deliver real-time analytics.