Appian (NASDAQ:APPN) Releases Q1 Earnings Guidance

Appian (NASDAQ:APPN) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.02-0.05 for the period, compared to the consensus estimate of ($0.01). The company issued revenue guidance of $162-164 million, compared to the consensus revenue estimate of $167.87 million. Appian also updated its FY 2025 guidance to 0.170-0.220 EPS.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on APPN. Scotiabank began coverage on Appian in a report on Monday, January 6th. They set a “sector perform” rating and a $37.00 price target on the stock. KeyCorp reiterated a “sector weight” rating on shares of Appian in a report on Tuesday, January 14th. Finally, Barclays lifted their price target on Appian from $34.00 to $37.00 and gave the company an “underweight” rating in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $40.17.

Appian Trading Down 2.7 %

NASDAQ APPN traded down $1.01 on Thursday, reaching $36.22. The stock had a trading volume of 182,015 shares, compared to its average volume of 435,239. The business has a 50 day moving average price of $34.27 and a 200 day moving average price of $34.06. Appian has a 1 year low of $26.28 and a 1 year high of $43.33. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of -29.52 and a beta of 1.64.

Appian (NASDAQ:APPN) last issued its earnings results on Wednesday, February 19th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.11). Appian had a negative net margin of 14.88% and a negative return on equity of 532.05%. The firm had revenue of $166.70 million during the quarter, compared to analysts’ expectations of $164.31 million. During the same quarter last year, the firm earned $0.06 EPS. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. On average, analysts anticipate that Appian will post -0.89 earnings per share for the current fiscal year.

Insider Transactions at Appian

In other news, Director William D. Mccarthy sold 700 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $38.78, for a total transaction of $27,146.00. Following the completion of the sale, the director now owns 7,966 shares in the company, valued at approximately $308,921.48. This represents a 8.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 44.00% of the stock is currently owned by corporate 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.