Insider Selling: Appian (NASDAQ:APPN) CEO Sells 45,000 Shares

Appian Corporation (NASDAQ:APPN) CEO Matthew Calkins sold 45,000 shares of the stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $35.19, for a total transaction of $1,583,550.00. Following the completion of the transaction, the chief executive officer owned 1,629,144 shares of the company’s stock, valued at approximately $57,329,577.36. This represents a 2.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Appian Stock Performance

Shares of NASDAQ:APPN traded down $0.17 during midday trading on Thursday, reaching $34.07. 690,327 shares of the company’s stock were exchanged, compared to its average volume of 963,962. The company’s 50 day simple moving average is $31.62 and its two-hundred day simple moving average is $26.19. Appian Corporation has a 12 month low of $18.63 and a 12 month high of $46.06. The firm has a market capitalization of $2.44 billion, a PE ratio of -227.12 and a beta of 0.94.

Appian (NASDAQ:APPN) last posted its earnings results on Thursday, August 6th. The company reported $0.13 earnings per share for the quarter. The business had revenue of $203.26 million for the quarter, compared to analysts’ expectations of $193.38 million. Appian had a negative net margin of 1.34% and a negative return on equity of 35.20%. The company’s revenue was up 19.1% on a year-over-year basis. Appian has set its FY 2026 guidance at 1.040-1.120 EPS and its Q3 2026 guidance at 0.310-0.350 EPS. On average, research analysts anticipate that Appian Corporation will post 0.45 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on APPN shares. Weiss Ratings upgraded Appian from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, September 3rd. Morgan Stanley upped their target price on shares of Appian from $25.00 to $32.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. DA Davidson raised their target price on shares of Appian from $34.00 to $42.00 and gave the company a “neutral” rating in a research note on Friday, August 14th. Citigroup lifted their price target on shares of Appian from $37.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, TD Cowen dropped their price target on shares of Appian from $27.00 to $24.00 and set a “hold” rating for the company in a research note on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $31.00.

Institutional Investors Weigh In On Appian

Institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc increased its holdings in Appian by 35.5% in the second quarter. IFP Advisors Inc now owns 1,108 shares of the company’s stock valued at $25,000 after purchasing an additional 290 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in Appian during the fourth quarter worth about $30,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Appian by 693.4% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 968 shares of the company’s stock worth $30,000 after buying an additional 846 shares during the period. KBC Group NV acquired a new position in shares of Appian during the 1st quarter worth about $31,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of Appian in the 4th quarter valued at about $34,000. 52.70% of the stock is owned by institutional investors and hedge funds.

About Appian

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.