Appian (NASDAQ:APPN) Announces Quarterly Earnings Results

Appian (NASDAQ:APPN) issued its earnings results on Thursday. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.27, Briefing.com reports. The firm had revenue of $187.00 million during the quarter, compared to analysts’ expectations of $174.11 million. During the same period last year, the firm posted $0.15 earnings per share. The firm’s quarterly revenue was up 21.4% on a year-over-year basis. Appian updated its FY 2025 guidance to EPS and its Q4 2025 guidance to EPS.

Appian Trading Up 5.0%

Shares of Appian stock traded up $1.93 during trading on Friday, hitting $40.29. 1,687,161 shares of the stock traded hands, compared to its average volume of 808,481. The stock’s fifty day simple moving average is $30.86 and its 200 day simple moving average is $30.42. Appian has a 52-week low of $24.00 and a 52-week high of $41.78. The firm has a market cap of $2.98 billion, a P/E ratio of -402.86 and a beta of 1.77.

Hedge Funds Weigh In On Appian

Large investors have recently made changes to their positions in the business. Globeflex Capital L P purchased a new position in Appian in the 2nd quarter worth $90,000. Tower Research Capital LLC TRC increased its holdings in Appian by 456.2% in the second quarter. Tower Research Capital LLC TRC now owns 4,283 shares of the company’s stock valued at $128,000 after buying an additional 3,513 shares in the last quarter. State of Tennessee Department of Treasury purchased a new position in Appian during the second quarter worth approximately $129,000. State of Wyoming purchased a new stake in Appian in the 2nd quarter worth $143,000. Finally, RPD Fund Management LLC acquired a new position in shares of Appian during the 2nd quarter worth about $333,000. 52.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on APPN. Barclays upped their price objective on Appian from $33.00 to $37.00 and gave the company an “underweight” rating in a research report on Friday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Appian in a research note on Wednesday. Zacks Research downgraded Appian from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Cowen reaffirmed a “hold” rating on shares of Appian in a research note on Thursday. Finally, DA Davidson initiated coverage on Appian in a research report on Friday. They issued a “hold” rating and a $38.00 target price on the stock. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Appian currently has a consensus rating of “Reduce” and a consensus price target of $35.80.

Appian Company Profile

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.