Mark Dorsey Acquires 5,227 Shares of Appian (NASDAQ:APPN) Stock

Appian Corporation (NASDAQ:APPN) CRO Mark Dorsey bought 5,227 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average price of $19.13 per share, with a total value of $99,992.51. Following the completion of the acquisition, the executive owned 13,993 shares of the company’s stock, valued at $267,686.09. This trade represents a 59.63% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Appian Stock Down 8.8%

Shares of Appian stock traded down $1.80 during trading on Wednesday, reaching $18.72. 1,130,976 shares of the stock were exchanged, compared to its average volume of 1,019,155. The stock’s fifty day moving average is $23.58 and its 200 day moving average is $29.94. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 1,873.87 and a beta of 0.88. Appian Corporation has a 1 year low of $18.68 and a 1 year high of $46.06.

Appian (NASDAQ:APPN) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.19 by $0.08. Appian had a net margin of 0.12% and a negative return on equity of 26.12%. The business had revenue of $202.18 million during the quarter, compared to analyst estimates of $191.57 million. During the same period last year, the business posted $0.13 earnings per share. Appian’s quarterly revenue was up 21.5% compared to the same quarter last year. Appian has set its FY 2026 guidance at 0.940-1.050 EPS and its Q2 2026 guidance at -0.020-0.020 EPS. Equities analysts forecast that Appian Corporation will post 0.38 earnings per share for the current year.

Hedge Funds Weigh In On Appian

Several large investors have recently made changes to their positions in the business. State of Wyoming grew its position in shares of Appian by 55.0% during the 4th quarter. State of Wyoming now owns 1,462 shares of the company’s stock valued at $52,000 after acquiring an additional 519 shares during the period. ProShare Advisors LLC grew its position in shares of Appian by 7.8% during the 4th quarter. ProShare Advisors LLC now owns 7,481 shares of the company’s stock valued at $265,000 after acquiring an additional 543 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Appian by 282.5% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 811 shares of the company’s stock valued at $25,000 after acquiring an additional 599 shares during the period. Legal & General Group Plc grew its position in shares of Appian by 1.7% during the 3rd quarter. Legal & General Group Plc now owns 37,730 shares of the company’s stock valued at $1,153,000 after acquiring an additional 632 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of Appian by 4.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,214 shares of the company’s stock valued at $539,000 after acquiring an additional 681 shares during the period. 52.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

APPN has been the subject of several research analyst reports. UBS Group set a $25.00 price objective on shares of Appian in a report on Thursday, April 30th. DA Davidson set a $25.00 price objective on shares of Appian in a report on Friday, February 20th. TD Cowen lowered their price objective on shares of Appian from $35.00 to $30.00 and set a “hold” rating for the company in a report on Friday, February 20th. Morgan Stanley restated an “equal weight” rating and issued a $25.00 price objective (down from $41.00) on shares of Appian in a report on Thursday, April 30th. Finally, Zacks Research upgraded shares of Appian from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $27.50.

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.