Appian (NASDAQ:APPN) Downgraded by Zacks Research to Hold

Appian (NASDAQ:APPN) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other analysts have also recently commented on APPN. DA Davidson reduced their target price on Appian from $25.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, May 15th. UBS Group set a $25.00 target price on Appian in a report on Thursday, April 30th. TD Cowen reduced their target price on Appian from $27.00 to $24.00 and set a “hold” rating on the stock in a report on Friday, May 15th. Citigroup reduced their target price on Appian from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Finally, Barclays upped their target price on Appian from $21.00 to $23.00 and gave the company an “underweight” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $26.00.

Appian Price Performance

Appian stock opened at $21.37 on Thursday. The business has a 50 day moving average of $22.63 and a 200-day moving average of $29.38. Appian has a 1 year low of $18.63 and a 1 year high of $46.06. The company has a market capitalization of $1.57 billion, a P/E ratio of 2,139.14 and a beta of 0.88.

Appian (NASDAQ:APPN) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.08. Appian had a negative return on equity of 26.12% and a net margin of 0.12%.The company had revenue of $202.18 million during the quarter, compared to the consensus estimate of $191.57 million. During the same quarter in the prior year, the firm posted $0.13 earnings per share. The firm’s revenue was up 21.5% compared to the same quarter last year. Appian has set its FY 2026 guidance at 0.940-1.050 EPS and its Q2 2026 guidance at -0.020-0.020 EPS. Equities analysts anticipate that Appian will post 0.25 EPS for the current year.

Insider Activity

In other Appian news, CRO Mark Dorsey purchased 5,227 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were purchased at an average cost of $19.13 per share, for a total transaction of $99,992.51. Following the acquisition, the executive owned 13,993 shares of the company’s stock, valued at approximately $267,686.09. This represents a 59.63% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 43.00% of the company’s stock.

Hedge Funds Weigh In On Appian

A number of institutional investors and hedge funds have recently modified their holdings of the business. State of Wyoming boosted its holdings in shares of Appian by 55.0% during the 4th quarter. State of Wyoming now owns 1,462 shares of the company’s stock worth $52,000 after buying an additional 519 shares in the last quarter. ProShare Advisors LLC boosted its holdings in shares of Appian by 7.8% during the 4th quarter. ProShare Advisors LLC now owns 7,481 shares of the company’s stock worth $265,000 after buying an additional 543 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Appian by 282.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 811 shares of the company’s stock worth $25,000 after purchasing an additional 599 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Appian by 1.7% in the 3rd quarter. Legal & General Group Plc now owns 37,730 shares of the company’s stock worth $1,153,000 after purchasing an additional 632 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Appian by 4.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,214 shares of the company’s stock worth $539,000 after purchasing an additional 681 shares in the last quarter. 52.70% of the stock is currently owned by institutional investors.

About Appian

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.