Appian Corporation (NASDAQ:APPN) Given Average Recommendation of “Reduce” by Analysts

Shares of Appian Corporation (NASDAQ:APPN) have been assigned an average rating of “Reduce” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $26.00.

APPN has been the subject of a number of analyst reports. Zacks Research downgraded shares of Appian from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. TD Cowen decreased their target price on shares of Appian from $27.00 to $24.00 and set a “hold” rating for the company in a research note on Friday, May 15th. DA Davidson decreased their target price on shares of Appian from $25.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, May 15th. Morgan Stanley reaffirmed an “equal weight” rating and set a $25.00 target price (down from $41.00) on shares of Appian in a research note on Thursday, April 30th. Finally, Citigroup decreased their target price on shares of Appian from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, May 8th.

Insider Buying and Selling at Appian

In other Appian news, CRO Mark Dorsey bought 5,227 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was acquired at an average price of $19.13 per share, with a total value of $99,992.51. Following the completion of the purchase, the executive owned 13,993 shares of the company’s stock, valued at approximately $267,686.09. This trade represents a 59.63% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 43.00% of the company’s stock.

Hedge Funds Weigh In On Appian

Institutional investors and hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC increased its stake in shares of Appian by 282.5% during the third quarter. EverSource Wealth Advisors LLC now owns 811 shares of the company’s stock valued at $25,000 after purchasing an additional 599 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of Appian during the fourth quarter valued at approximately $30,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Appian by 693.4% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 968 shares of the company’s stock valued at $30,000 after buying an additional 846 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Appian during the fourth quarter valued at approximately $34,000. Finally, Allworth Financial LP grew its holdings in shares of Appian by 175.2% during the third quarter. Allworth Financial LP now owns 1,131 shares of the company’s stock valued at $35,000 after buying an additional 720 shares during the last quarter. Institutional investors own 52.70% of the company’s stock.

Appian Price Performance

APPN stock opened at $24.01 on Friday. Appian has a 1 year low of $18.63 and a 1 year high of $46.06. The company has a market cap of $1.76 billion, a P/E ratio of 2,403.40 and a beta of 0.90. The firm has a 50-day moving average of $22.35 and a 200 day moving average of $27.74.

Appian (NASDAQ:APPN) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.08. Appian had a net margin of 0.12% and a negative return on equity of 26.12%. The company had revenue of $202.18 million during the quarter, compared to the consensus estimate of $191.57 million. During the same period in the prior year, the firm earned $0.13 earnings per share. Appian’s revenue was up 21.5% on a year-over-year basis. Appian has set its FY 2026 guidance at 0.940-1.050 EPS and its Q2 2026 guidance at -0.020-0.020 EPS. On average, equities research analysts expect that Appian will post 0.25 earnings per share for the current fiscal year.

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.