Appian Corporation (NASDAQ:APPN) Stock Has Average Price Target of $31.00

Shares of Appian Corporation (NASDAQ:APPN) have been given an average recommendation of “Hold” by the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $31.00.

A number of brokerages have recently commented on APPN. Citigroup upped their price target on Appian from $37.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Weiss Ratings raised shares of Appian from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, September 3rd. Wall Street Zen raised shares of Appian from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 12th. 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 note on Friday, August 7th. Finally, DA Davidson increased their target price on shares of Appian from $34.00 to $42.00 and gave the stock a “neutral” rating in a report on Friday, August 14th.

Insider Activity at Appian

In other Appian news, CEO Matthew Calkins sold 45,000 shares of Appian stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $35.19, for a total transaction of $1,583,550.00. Following the transaction, the chief executive officer directly owned 1,629,144 shares in the company, valued at approximately $57,329,577.36. The trade was a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 42.81% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Appian

A number of hedge funds have recently modified their holdings of APPN. IFP Advisors Inc grew its position in shares of Appian by 35.5% in the 2nd 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 period. KBC Group NV acquired a new stake in Appian during the 1st quarter worth approximately $31,000. Allworth Financial LP lifted its stake in Appian by 15.0% in the second quarter. Allworth Financial LP now owns 2,678 shares of the company’s stock valued at $61,000 after buying an additional 350 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in Appian in the second quarter valued at approximately $63,000. Finally, Globeflex Capital L P acquired a new position in shares of Appian in the second quarter valued at approximately $69,000. Institutional investors and hedge funds own 52.70% of the company’s stock.

Appian Stock Down 0.9%

NASDAQ:APPN opened at $37.61 on Tuesday. Appian has a 12-month low of $18.63 and a 12-month high of $46.06. The stock’s fifty day simple moving average is $34.30 and its 200-day simple moving average is $27.04. The firm has a market capitalization of $2.69 billion, a P/E ratio of -250.72 and a beta of 0.94.

Appian (NASDAQ:APPN) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.13 EPS for the quarter. Appian had a negative return on equity of 35.20% and a negative net margin of 1.34%.The business had revenue of $203.26 million during the quarter, compared to the consensus estimate of $193.38 million. The company’s quarterly revenue was up 19.1% compared to the same quarter last year. Appian has set its FY 2026 guidance at 1.040-1.120 EPS and its Q3 2026 guidance at 0.310-0.350 EPS. As a group, equities research analysts expect that Appian will post 0.45 earnings per share for the current year.

Appian Company Profile

Appian Corporation develops enterprise software designed to help organizations build applications and automate business processes. Its low-code platform enables users to design, deploy and manage applications with limited traditional programming, supporting workflow automation, process orchestration, case management and business process improvement.

The Appian Platform combines application development tools with data management, artificial intelligence, robotic process automation and process-mining capabilities.