DA Davidson Forecasts Appian’s Q1 Earnings (NASDAQ:APPN)

Appian Co. (NASDAQ:APPN) – Equities researchers at DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for shares of Appian in a research report issued to clients and investors on Thursday, February 20th. DA Davidson analyst G. Luria expects that the company will earn ($0.10) per share for the quarter. The consensus estimate for Appian’s current full-year earnings is ($0.28) per share. DA Davidson also issued estimates for Appian’s FY2025 earnings at ($0.25) EPS and FY2026 earnings at $0.07 EPS.

Several other research analysts have also issued reports on APPN. KeyCorp reiterated a “sector weight” rating on shares of Appian in a research note on Tuesday, January 14th. Barclays raised their price objective on Appian from $34.00 to $37.00 and gave the company an “underweight” rating in a research report on Friday, December 6th. Finally, Scotiabank initiated coverage on Appian in a research report on Monday, January 6th. They set a “sector perform” rating and a $37.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Appian presently has an average rating of “Hold” and an average price target of $40.17.

Appian Price Performance

Shares of Appian stock opened at $33.37 on Monday. The company has a 50-day moving average of $33.96 and a 200 day moving average of $34.26. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of -26.48 and a beta of 1.64. Appian has a 1 year low of $26.28 and a 1 year high of $43.33.

Appian (NASDAQ:APPN) last issued its quarterly earnings data on Wednesday, February 19th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.11). Appian had a negative return on equity of 532.05% and a negative net margin of 14.95%. The company had revenue of $166.70 million during the quarter, compared to the consensus estimate of $164.31 million. During the same quarter last year, the company posted $0.06 earnings per share. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year.

Institutional Investors Weigh In On Appian

Several hedge funds and other institutional investors have recently made changes to their positions in APPN. Abdiel Capital Advisors LP increased its holdings in Appian by 72.6% in the 3rd quarter. Abdiel Capital Advisors LP now owns 10,169,273 shares of the company’s stock worth $347,179,000 after acquiring an additional 4,278,969 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Appian during the fourth quarter valued at about $4,918,000. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Appian by 184.9% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 201,245 shares of the company’s stock valued at $6,637,000 after purchasing an additional 130,606 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Appian by 418.8% during the fourth quarter. JPMorgan Chase & Co. now owns 160,793 shares of the company’s stock valued at $5,303,000 after purchasing an additional 129,800 shares in the last quarter. Finally, Voloridge Investment Management LLC grew its position in shares of Appian by 222.6% during the fourth quarter. Voloridge Investment Management LLC now owns 182,965 shares of the company’s stock valued at $6,034,000 after purchasing an additional 126,256 shares in the last quarter. Hedge funds and other institutional investors own 52.70% of the company’s stock.

Insider Activity

In other Appian news, Director Albert G.W. Biddle III sold 990 shares of Appian stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $33.21, for a total value of $32,877.90. Following the completion of the sale, the director now owns 29,348 shares of the company’s stock, valued at approximately $974,647.08. The trade was a 3.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William D. Mccarthy sold 700 shares of Appian stock in a transaction that occurred on 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 directly owns 7,966 shares of the company’s stock, valued at approximately $308,921.48. This trade represents a 8.08 % decrease in their position. The disclosure for this sale can be found here. Insiders own 44.00% of the company’s stock.

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.