Appian (NASDAQ:APPN) Upgraded to “Strong-Buy” at Zacks Research

by · The Cerbat Gem

Appian (NASDAQ:APPN – Get Free Report) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Monday, Zacks reports.

Other equities research analysts also recently issued reports about the stock. Weiss Ratings raised shares of Appian from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, September 3rd. Wall Street Zen cut shares of Appian from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 17th. William Blair raised shares of Appian from a “hold” rating to an “outperform” rating in a research report on Thursday, November 5th. Morgan Stanley boosted their target price on shares of Appian from $25.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Finally, Barclays increased their target price on Appian from $26.00 to $30.00 and gave the company an “underweight” rating in a report on Tuesday, October 13th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Appian presently has a consensus rating of “Hold” and an average target price of $44.33.

View Our Latest Research Report on APPN

Appian Stock Performance

Shares of APPN opened at $52.35 on Monday. Appian has a 1 year low of $18.63 and a 1 year high of $56.38. The stock has a market capitalization of $3.75 billion, a PE ratio of -654.38 and a beta of 0.83. The stock has a 50-day simple moving average of $41.90 and a 200-day simple moving average of $29.77.

Appian (NASDAQ:APPN – Get Free Report) last released its earnings results on Thursday, November 5th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.18. Appian had a negative net margin of 0.72% and a negative return on equity of 43.13%. The firm had revenue of $234.63 million for the quarter, compared to analyst estimates of $216.94 million. During the same period in the prior year, the firm earned $0.32 earnings per share. The business’s quarterly revenue was up 25.5% compared to the same quarter last year. Appian has set its FY 2026 guidance at 1.200-1.240 EPS and its Q4 2026 guidance at 0.300-0.340 EPS. Analysts predict that Appian will post 0.51 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Matthew Calkins sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $51.98, for a total transaction of $1,559,400.00. Following the completion of the sale, the chief executive officer owned 1,554,144 shares in the company, valued at $80,784,405.12. The trade was a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 120,000 shares of company stock worth $4,830,450 in the last three months. 42.81% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of APPN. IFP Advisors Inc raised its stake in Appian by 35.5% during the 2nd quarter. IFP Advisors Inc now owns 1,108 shares of the company’s stock worth $25,000 after acquiring an additional 290 shares in the last quarter. KBC Group NV acquired a new position in Appian in the first quarter valued at $31,000. Sterling Capital Management LLC boosted its stake in Appian by 820.0% in the third quarter. Sterling Capital Management LLC now owns 1,288 shares of the company’s stock valued at $45,000 after acquiring an additional 1,148 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Appian during the third quarter worth about $73,000. Finally, Allworth Financial LP grew its holdings in shares of Appian by 15.0% during the second quarter. Allworth Financial LP now owns 2,678 shares of the company’s stock worth $61,000 after purchasing an additional 350 shares during the last quarter. Institutional investors and hedge funds own 52.70% of the company’s stock.

Appian Company Profile

(Get Free Report)

Appian Corporation develops a low-code platform that helps organizations build and manage business applications and automate complex processes. Its offerings combine application development tools with capabilities for workflow automation, case management, robotic process automation, and process mining. Founded in 1999 by Matt Calkins, Appian serves businesses and government organizations in a range of industries, including financial services, insurance, healthcare, life sciences, and the public sector.

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