Appian Corporation (NASDAQ:APPN) Receives Average Recommendation of “Hold” from Analysts

Appian Corporation (NASDAQ:APPN) has been assigned an average rating of “Hold” from the seven research firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $26.00.

Several brokerages recently weighed in on APPN. Citigroup reduced their price target on Appian from $38.00 to $37.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Morgan Stanley reiterated an “equal weight” rating and set a $25.00 price target (down from $41.00) on shares of Appian in a research report on Thursday, April 30th. Wall Street Zen cut Appian from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 23rd. TD Cowen reduced their price target on Appian from $27.00 to $24.00 and set a “hold” rating for the company in a research report on Friday. Finally, UBS Group set a $25.00 price target on Appian in a research report on Thursday, April 30th.

Appian Stock Up 2.9%

Shares of NASDAQ:APPN opened at $21.71 on Wednesday. Appian has a 52-week low of $18.63 and a 52-week high of $46.06. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 2,173.17 and a beta of 0.88. The business has a 50-day moving average price of $22.91 and a 200-day moving average price of $29.56.

Appian (NASDAQ:APPN) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.08. Appian had a negative return on equity of 26.12% and a net margin of 0.12%.The firm had revenue of $202.18 million during the quarter, compared to analysts’ expectations of $191.57 million. During the same period last year, the business posted $0.13 earnings per share. The company’s revenue for the quarter 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. As a group, equities analysts anticipate that Appian will post 0.38 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CRO Mark Dorsey purchased 5,227 shares of Appian stock in a transaction that occurred on Wednesday, May 13th. The stock was bought at an average cost of $19.13 per share, for a total transaction of $99,992.51. Following the completion of the transaction, the executive owned 13,993 shares in the company, valued at $267,686.09. The trade was a 59.63% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 44.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. State of Wyoming increased its position in shares of Appian by 55.0% in the fourth quarter. State of Wyoming now owns 1,462 shares of the company’s stock valued at $52,000 after buying an additional 519 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Appian by 7.8% in the fourth quarter. ProShare Advisors LLC now owns 7,481 shares of the company’s stock valued at $265,000 after buying an additional 543 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Appian by 282.5% in the third quarter. EverSource Wealth Advisors LLC now owns 811 shares of the company’s stock valued at $25,000 after buying an additional 599 shares in the last quarter. Legal & General Group Plc increased its position in shares of Appian by 1.7% in the third quarter. Legal & General Group Plc now owns 37,730 shares of the company’s stock valued at $1,153,000 after buying an additional 632 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Appian by 4.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,214 shares of the company’s stock valued at $539,000 after buying an additional 681 shares in the last quarter. 52.70% of the stock is currently owned by hedge funds and other institutional investors.

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.