Appian (NASDAQ:APPN) Given New $42.00 Price Target at DA Davidson

Appian (NASDAQ:APPN) had its target price lifted by DA Davidson from $34.00 to $42.00 in a research report released on Friday morning, Marketbeat.com reports. The firm currently has a neutral rating on the stock.

Other research analysts have also issued reports about the stock. Citigroup upped their price objective on shares of Appian from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, August 7th. UBS Group set a $25.00 price target on shares of Appian in a research report on Thursday, April 30th. Zacks Research upgraded Appian from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Morgan Stanley upped their price target on Appian from $25.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Finally, Barclays raised their target price on shares of Appian from $21.00 to $23.00 and gave the stock an “underweight” rating in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Appian has an average rating of “Hold” and an average price target of $31.00.

Appian Stock Performance

Shares of Appian stock opened at $35.41 on Friday. Appian has a 52-week low of $18.63 and a 52-week high of $46.06. The company has a fifty day moving average of $25.76 and a 200-day moving average of $24.58. The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of -236.05 and a beta of 0.85.

Appian (NASDAQ:APPN) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter. The business had revenue of $203.26 million for 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 firm’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, equities research analysts forecast that Appian will post 0.38 earnings per share for the current fiscal year.

Insider Transactions at Appian

In other news, CEO Matthew W. Calkins sold 50,000 shares of Appian stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $24.72, for a total transaction of $1,236,000.00. Following the completion of the sale, the chief executive officer directly owned 1,719,144 shares in the company, valued at approximately $42,497,239.68. This trade represents a 2.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 insiders.

Institutional Investors Weigh In On Appian

Hedge funds have recently made changes to their positions in the company. Aster Capital Management DIFC Ltd purchased a new stake in shares of Appian in the 4th quarter worth approximately $30,000. Northwestern Mutual Wealth Management Co. lifted its stake 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 purchasing an additional 846 shares during the last quarter. KBC Group NV purchased a new stake in shares of Appian during the 1st quarter worth $31,000. Kestra Advisory Services LLC bought a new stake in Appian during the fourth quarter valued at about $34,000. Finally, State of Wyoming boosted its position in Appian by 55.0% during the fourth quarter. State of Wyoming now owns 1,462 shares of the company’s stock valued at $52,000 after purchasing an additional 519 shares in the last quarter. 52.70% of the stock is currently owned by hedge funds and other institutional investors.

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.