Appian (NASDAQ:APPN) Trading Up 5.7% – Time to Buy?

Appian Corporation (NASDAQ:APPN) traded up 5.7% during trading on Monday . The company traded as high as $37.13 and last traded at $36.7390. 99,025 shares changed hands during trading, a decline of 90% from the average daily volume of 962,358 shares. The stock had previously closed at $34.76.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Zacks Research upgraded shares of Appian from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Morgan Stanley upped their price target on Appian from $25.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Wall Street Zen upgraded shares of Appian from a “buy” rating to a “strong-buy” rating in a report on Saturday. Weiss Ratings raised shares of Appian from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, September 3rd. Finally, Citigroup boosted their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Appian currently has an average rating of “Hold” and an average price target of $31.00.

Appian Stock Performance

The company has a market cap of $2.64 billion, a PE ratio of -246.06 and a beta of 0.94. The stock has a 50 day moving average of $32.02 and a 200-day moving average of $26.33.

Appian (NASDAQ:APPN) last posted its quarterly 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 the consensus estimate 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 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. Equities research analysts forecast that Appian Corporation will post 0.45 EPS for the current year.

Insider Activity at Appian

In related news, CEO Matthew Calkins sold 45,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $35.19, for a total value of $1,583,550.00. Following the sale, the chief executive officer owned 1,629,144 shares in the company, valued at $57,329,577.36. This represents a 2.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 owned by company insiders.

Institutional Trading of Appian

Institutional investors and hedge funds have recently bought and sold shares of the business. RPD Fund Management LLC acquired a new stake in Appian during the 1st quarter valued at approximately $94,496,000. California State Teachers Retirement System increased its stake in shares of Appian by 2,204.5% in the second quarter. California State Teachers Retirement System now owns 838,071 shares of the company’s stock worth $19,192,000 after acquiring an additional 801,704 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Appian by 86.9% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,291,124 shares of the company’s stock worth $39,470,000 after purchasing an additional 600,336 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Appian by 182.7% during the second quarter. Bank of America Corp DE now owns 237,421 shares of the company’s stock worth $7,089,000 after purchasing an additional 524,420 shares during the last quarter. Finally, Caption Management LLC lifted its position in Appian by 127.3% during the second quarter. Caption Management LLC now owns 80,472 shares of the company’s stock valued at $2,403,000 after purchasing an additional 375,758 shares during the period. 52.70% of the stock is currently owned by institutional investors and hedge funds.

About Appian

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.