Appian (APPN) Set to Announce Earnings on Thursday

Appian (NASDAQ:APPN) will announce its earnings results before the market opens on Thursday, August 1st. Analysts expect the company to announce earnings of ($0.31) per share for the quarter. Appian has set its Q2 guidance at ($0.34)-($0.28) EPS and its FY24 guidance at ($0.85)-($0.79) EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Appian (NASDAQ:APPN) last posted its earnings results on Thursday, May 2nd. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.09). Appian had a negative net margin of 19.20% and a negative return on equity of 204.82%. The company had revenue of $149.80 million during the quarter, compared to analysts’ expectations of $149.78 million. During the same period last year, the business earned ($0.42) earnings per share. The company’s quarterly revenue was up 10.8% on a year-over-year basis. On average, analysts expect Appian to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Appian Stock Up 0.1 %

Shares of APPN opened at $37.80 on Tuesday. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.33 and a quick ratio of 1.33. Appian has a 1-year low of $26.28 and a 1-year high of $52.99. The firm has a fifty day moving average price of $31.07 and a 200 day moving average price of $33.73.

Analyst Ratings Changes

Several analysts have recently weighed in on APPN shares. Barclays reduced their target price on Appian from $36.00 to $32.00 and set an “underweight” rating for the company in a report on Friday, May 3rd. KeyCorp increased their price objective on Appian from $37.00 to $41.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Appian presently has an average rating of “Moderate Buy” and an average price target of $47.00.

Insiders Place Their Bets

In related news, major shareholder Abdiel Capital Advisors, Lp bought 475,000 shares of the company’s stock in a transaction dated Friday, July 5th. The shares were acquired at an average price of $30.94 per share, with a total value of $14,696,500.00. Following the completion of the acquisition, the insider now owns 6,365,304 shares in the company, valued at approximately $196,942,505.76. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Albert G.W. Biddle III purchased 3,225 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was purchased at an average cost of $28.02 per share, with a total value of $90,364.50. Following the completion of the acquisition, the director now directly owns 19,689 shares of the company’s stock, valued at approximately $551,685.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Abdiel Capital Advisors, Lp acquired 475,000 shares of the stock in a transaction on Friday, July 5th. The stock was acquired at an average cost of $30.94 per share, for a total transaction of $14,696,500.00. Following the acquisition, the insider now directly owns 6,365,304 shares in the company, valued at approximately $196,942,505.76. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 1,081,568 shares of company stock valued at $35,608,802. 44.00% of the stock is owned by company insiders.

About Appian

Appian Corporation, a software company that provides low-code design platform in the United States, Mexico, Portugal, and internationally. The company's platform offers artificial intelligence, process automation, data fabric, and process mining. It provides The Appian Platform, an integrated automation platform that enables organizations to design, automate, and optimize mission-critical business processes.