Appian (NASDAQ:APPN) Posts Quarterly Earnings Results, Beats Estimates By $0.27 EPS

Appian (NASDAQ:APPN) released its quarterly earnings results on Thursday. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.27, Briefing.com reports. The firm had revenue of $187.00 million for the quarter, compared to analyst estimates of $174.11 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The firm’s revenue was up 21.4% compared to the same quarter last year. Appian updated its FY 2025 guidance to EPS and its Q4 2025 guidance to EPS.

Appian Stock Up 5.0%

APPN stock traded up $1.93 during trading hours on Friday, hitting $40.29. The company’s stock had a trading volume of 1,687,161 shares, compared to its average volume of 808,481. The stock has a 50 day moving average price of $30.86 and a two-hundred day moving average price of $30.42. Appian has a 12 month low of $24.00 and a 12 month high of $41.78. The company has a market capitalization of $2.98 billion, a PE ratio of -402.86 and a beta of 1.77.

Institutional Investors Weigh In On Appian

A number of large investors have recently bought and sold shares of the business. State of Wyoming bought a new position in Appian during the second quarter valued at about $143,000. CANADA LIFE ASSURANCE Co increased its holdings in shares of Appian by 1.5% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 294,711 shares of the company’s stock valued at $8,791,000 after acquiring an additional 4,301 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Appian by 456.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,283 shares of the company’s stock valued at $128,000 after acquiring an additional 3,513 shares in the last quarter. State of Tennessee Department of Treasury acquired a new stake in Appian in the 2nd quarter worth approximately $129,000. Finally, RPD Fund Management LLC acquired a new stake in Appian in the 2nd quarter worth approximately $333,000. 52.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

APPN has been the subject of a number of research analyst reports. Barclays increased their target price on Appian from $33.00 to $37.00 and gave the company an “underweight” rating in a report on Friday. Weiss Ratings restated a “sell (d-)” rating on shares of Appian in a research report on Wednesday. DA Davidson began coverage on Appian in a report on Friday. They issued a “hold” rating and a $38.00 target price on the stock. Cowen restated a “hold” rating on shares of Appian in a report on Thursday. Finally, Zacks Research lowered shares of Appian from a “strong-buy” rating to a “hold” rating in a research note on Thursday. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $35.80.

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.