Short Interest in Appian Corporation (NASDAQ:APPN) Rises By 41.7%

Appian Corporation (NASDAQ:APPN) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 5,351,264 shares, an increase of 41.7% from the February 12th total of 3,776,473 shares. Currently, 12.9% of the shares of the company are sold short. Based on an average daily volume of 1,577,301 shares, the days-to-cover ratio is presently 3.4 days. Based on an average daily volume of 1,577,301 shares, the days-to-cover ratio is presently 3.4 days. Currently, 12.9% of the shares of the company are sold short.

Institutional Investors Weigh In On Appian

A number of large investors have recently bought and sold shares of APPN. Vanguard Group Inc. lifted its stake in shares of Appian by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 6,095,904 shares of the company’s stock valued at $215,917,000 after acquiring an additional 159,956 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Appian by 1.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,304,470 shares of the company’s stock worth $46,204,000 after purchasing an additional 13,346 shares during the last quarter. First Trust Advisors LP raised its holdings in Appian by 8.2% during the 4th quarter. First Trust Advisors LP now owns 1,159,940 shares of the company’s stock worth $41,085,000 after purchasing an additional 87,557 shares during the last quarter. Wolf Hill Capital Management LP lifted its position in Appian by 298.1% during the 3rd quarter. Wolf Hill Capital Management LP now owns 995,210 shares of the company’s stock valued at $30,424,000 after purchasing an additional 745,210 shares during the period. Finally, Nuveen LLC boosted its stake in shares of Appian by 16.9% in the 4th quarter. Nuveen LLC now owns 693,874 shares of the company’s stock valued at $24,577,000 after purchasing an additional 100,178 shares during the last quarter. 52.70% of the stock is currently owned by institutional investors.

Appian Stock Performance

Shares of APPN stock traded up $0.44 during trading hours on Friday, hitting $25.59. The company had a trading volume of 1,076,330 shares, compared to its average volume of 1,139,247. Appian has a 12 month low of $21.77 and a 12 month high of $46.06. The firm’s fifty day moving average is $27.53 and its 200 day moving average is $32.06. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 2,559.00 and a beta of 0.92.

Appian (NASDAQ:APPN) last posted its earnings results on Thursday, February 19th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.11 by $0.04. Appian had a negative return on equity of 11.83% and a net margin of 0.17%.The business had revenue of $202.87 million during the quarter, compared to the consensus estimate of $189.33 million. The business’s revenue for the quarter was up 21.7% compared to the same quarter last year. Appian has set its FY 2026 guidance at 0.820-0.960 EPS and its Q1 2026 guidance at 0.160-0.200 EPS. On average, sell-side analysts expect that Appian will post -0.28 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on APPN shares. DA Davidson set a $25.00 price target on shares of Appian in a research report on Friday, February 20th. TD Cowen cut their price objective on shares of Appian from $35.00 to $30.00 and set a “hold” rating for the company in a research report on Friday, February 20th. Barclays reduced their target price on shares of Appian from $34.00 to $21.00 and set an “underweight” rating for the company in a research note on Friday, February 20th. UBS Group set a $21.00 price target on Appian in a research note on Friday, February 20th. Finally, Zacks Research raised Appian from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $30.00.

Appian Company Profile

Appian Corporation is a global technology company specializing in low-code automation platforms designed to streamline business processes. Founded in 1999 by Matt Calkins, the company provides an integrated suite of tools that enables organizations to build enterprise applications and workflows rapidly with minimal hand coding. The platform combines process management, robotic process automation (RPA), artificial intelligence (AI) capabilities and data integration into a single environment, allowing businesses to accelerate digital transformation initiatives.

The core offering, the Appian Low-Code Platform, empowers users—ranging from professional developers to business analysts—to visually model, design and deploy applications that can automate complex operations, orchestrate tasks across systems, and deliver real-time analytics.