TD Cowen Issues Positive Forecast for Appian (NASDAQ:APPN) Stock Price

Appian (NASDAQ:APPN) had its price target boosted by investment analysts at TD Cowen from $30.00 to $50.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. TD Cowen‘s price objective suggests a potential upside of 4.45% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Barclays boosted their price target on shares of Appian from $26.00 to $30.00 and gave the company an “underweight” rating in a report on Tuesday, October 13th. Zacks Research cut shares of Appian from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Citigroup lifted their price objective on shares of Appian from $37.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Wall Street Zen downgraded shares of Appian from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 17th. Finally, Morgan Stanley boosted 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. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $36.50.

Appian Stock Performance

Shares of Appian stock traded down $0.88 on Tuesday, reaching $47.87. 153,991 shares of the company were exchanged, compared to its average volume of 958,901. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of -321.31 and a beta of 0.92. Appian has a 1-year low of $18.63 and a 1-year high of $54.12. The company’s 50-day moving average is $40.63 and its two-hundred day moving average is $29.10.

Appian (NASDAQ:APPN) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter. The business had revenue of $203.26 million during the quarter, compared to analyst estimates of $193.38 million. Appian had a negative return on equity of 35.20% and a negative net margin of 1.34%. The business’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, sell-side analysts forecast that Appian will post 0.46 earnings per share for the current year.

Insider Buying and Selling at Appian

In related news, CEO Matthew Calkins sold 45,000 shares of the stock in a transaction dated Wednesday, October 7th. The shares were sold at an average price of $37.50, for a total value of $1,687,500.00. Following the completion of the transaction, the chief executive officer owned 1,584,144 shares in the company, valued at $59,405,400. This represents a 2.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 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 Trading of Appian

A number of institutional investors have recently made changes to their positions in APPN. Calamos Advisors LLC acquired a new position in shares of Appian during the 3rd quarter valued at $2,037,000. Chicago Partners Investment Group LLC bought a new stake in shares of Appian in the 3rd quarter worth $303,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Appian in the 3rd quarter worth $832,000. ProShare Advisors LLC acquired a new stake in shares of Appian in the third quarter valued at $201,000. Finally, Moody Aldrich Partners LLC acquired a new stake in shares of Appian in the third quarter valued at $878,000. 52.70% of the stock is owned by institutional investors and hedge funds.

About Appian

Appian Corporation (NASDAQ: APPN) develops and provides a low-code platform designed to help organizations build, manage and automate business applications and processes. Its platform combines process orchestration, workflow automation, artificial intelligence, robotic process automation, case management and data management capabilities in a unified environment.

Appian’s software is used to improve operational efficiency, connect data and systems, and support applications such as customer service, compliance, supply chain management and government services.