Appian (NASDAQ:APPN) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Appian (NASDAQ:APPN) from a hold rating to a strong-buy rating in a report issued on Monday,Zacks reports.

Other equities research analysts also recently issued research reports about the company. Morgan Stanley boosted their price target on Appian from $25.00 to $32.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Weiss Ratings upgraded Appian from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, September 3rd. TD Cowen lifted their price objective on Appian from $30.00 to $50.00 and gave the company a “hold” rating in a research note on Tuesday, November 3rd. William Blair upgraded Appian from a “hold” rating to an “outperform” rating in a report on Thursday, November 5th. Finally, Barclays increased their target price on shares of Appian from $26.00 to $30.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $44.33.

Appian Stock Up 2.3%

NASDAQ:APPN opened at $52.35 on Monday. The company has a market cap of $3.75 billion, a P/E ratio of -654.38 and a beta of 0.83. Appian has a fifty-two week low of $18.63 and a fifty-two week high of $56.38. The firm’s 50 day moving average is $41.90 and its two-hundred day moving average is $29.77.

Appian (NASDAQ:APPN) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.18. The company had revenue of $234.63 million during the quarter, compared to analysts’ expectations of $216.94 million. Appian had a negative net margin of 0.72% and a negative return on equity of 43.13%. The business’s quarterly revenue was up 25.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.32 EPS. Appian has set its FY 2026 guidance at 1.200-1.240 EPS and its Q4 2026 guidance at 0.300-0.340 EPS. Research analysts forecast that Appian will post 0.51 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Matthew Calkins sold 30,000 shares of the business’s stock in a transaction on Friday, November 6th. The shares were sold at an average price of $51.98, for a total transaction of $1,559,400.00. Following the transaction, the chief executive officer directly owned 1,554,144 shares of the company’s stock, valued at approximately $80,784,405.12. The trade was a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 120,000 shares of company stock worth $4,830,450 in the last 90 days. Company insiders own 42.81% of the company’s stock.

Institutional Investors Weigh In On Appian

A number of large investors have recently added to or reduced their stakes in APPN. RPD Fund Management LLC acquired a new position in Appian in the 1st quarter worth $94,496,000. Lead Edge Capital Management LLC lifted its stake in shares of Appian by 18.5% in the first quarter. Lead Edge Capital Management LLC now owns 1,905,634 shares of the company’s stock worth $45,945,000 after acquiring an additional 296,845 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Appian by 16.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,519,653 shares of the company’s stock valued at $36,639,000 after purchasing an additional 215,183 shares during the last quarter. First Trust Advisors LP grew its stake in Appian by 16.9% during the 1st quarter. First Trust Advisors LP now owns 1,355,961 shares of the company’s stock valued at $32,692,000 after purchasing an additional 196,021 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Appian by 21.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 333,280 shares of the company’s stock valued at $11,764,000 after purchasing an additional 58,866 shares in the last quarter. 52.70% of the stock is owned by institutional investors and hedge funds.

Appian Company Profile

Appian Corporation develops a low-code platform that helps organizations build and manage business applications and automate complex processes. Its offerings combine application development tools with capabilities for workflow automation, case management, robotic process automation, and process mining. Founded in 1999 by Matt Calkins, Appian serves businesses and government organizations in a range of industries, including financial services, insurance, healthcare, life sciences, and the public sector.