Appian (NASDAQ:APPN) Shares Down 5.7% – Time to Sell?

Appian Corporation (NASDAQ:APPN)’s stock price traded down 5.7% on Tuesday . The stock traded as low as $36.50 and last traded at $36.4370. Approximately 249,298 shares changed hands during trading, a decline of 74% from the average daily volume of 959,259 shares. The stock had previously closed at $38.62.

Analyst Upgrades and Downgrades

Several analysts have issued reports on APPN shares. DA Davidson upped their price target on shares of Appian from $34.00 to $42.00 and gave the stock a “neutral” rating in a research report on Friday, August 14th. Citigroup upped their target price on shares of Appian from $37.00 to $40.00 and gave the company a “buy” rating in a report on Friday, August 7th. Morgan Stanley raised 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. Zacks Research raised Appian from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Finally, Weiss Ratings raised Appian from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $31.00.

Appian Price Performance

The firm has a market capitalization of $2.65 billion, a PE ratio of -247.12 and a beta of 0.94. The firm’s fifty day moving average is $33.58 and its two-hundred day moving average is $26.81.

Appian (NASDAQ:APPN) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.13 earnings per share 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 firm’s revenue for the quarter 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. As a group, equities research analysts predict that Appian Corporation will post 0.45 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Matthew Calkins sold 50,000 shares of the company’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $24.72, for a total transaction of $1,236,000.00. Following the completion of the transaction, the chief executive officer owned 1,719,144 shares in the company, valued at approximately $42,497,239.68. This represents a 2.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 42.81% of the company’s stock.

Institutional Trading of Appian

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. RPD Fund Management LLC purchased a new position in Appian during the first quarter worth about $94,496,000. Lead Edge Capital Management LLC raised its position in Appian by 18.5% in the 1st quarter. Lead Edge Capital Management LLC now owns 1,905,634 shares of the company’s stock valued at $45,945,000 after purchasing an additional 296,845 shares during the last quarter. Cinctive Capital Management LP grew its position in Appian by 59.0% during the 4th quarter. Cinctive Capital Management LP now owns 295,603 shares of the company’s stock worth $10,470,000 after purchasing an additional 109,682 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Appian by 16.9% in the first quarter. First Trust Advisors LP now owns 1,355,961 shares of the company’s stock valued at $32,692,000 after purchasing an additional 196,021 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Appian in the 2nd quarter valued at $1,407,000. Hedge funds and other institutional investors own 52.70% of the company’s stock.

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.