Short Interest in Appian Corporation (NASDAQ:APPN) Rises By 31.8%

Appian Corporation (NASDAQ:APPN) was the recipient of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 3,776,473 shares, a growth of 31.8% from the January 29th total of 2,866,121 shares. Based on an average trading volume of 1,283,653 shares, the short-interest ratio is currently 2.9 days. Approximately 9.1% of the shares of the company are short sold. Approximately 9.1% of the shares of the company are short sold. Based on an average trading volume of 1,283,653 shares, the short-interest ratio is currently 2.9 days.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Zacks Research upgraded shares of Appian from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Barclays dropped their price objective on Appian from $34.00 to $21.00 and set an “underweight” rating for the company in a research note on Friday, February 20th. DA Davidson set a $25.00 target price on Appian in a research note on Friday, February 20th. UBS Group set a $21.00 price target on Appian in a research report on Friday, February 20th. Finally, Morgan Stanley set a $41.00 price objective on shares of Appian in a research report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Appian presently has a consensus rating of “Hold” and an average target price of $30.00.

Appian Stock Down 2.5%

NASDAQ APPN opened at $26.67 on Monday. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 2,667.00 and a beta of 0.90. Appian has a 12-month low of $21.77 and a 12-month high of $46.06. The company has a 50-day simple moving average of $29.47 and a two-hundred day simple moving average of $32.32.

Appian (NASDAQ:APPN) last released its quarterly earnings data on Thursday, February 19th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. The firm had revenue of $202.87 million during the quarter, compared to analyst estimates of $189.33 million. Appian had a negative return on equity of 11.83% and a net margin of 0.17%.The business’s revenue for the quarter was up 21.7% on a year-over-year basis. Appian has set its FY 2026 guidance at 0.820-0.960 EPS and its Q1 2026 guidance at 0.160-0.200 EPS. Equities analysts expect that Appian will post -0.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Appian

Institutional investors and hedge funds have recently bought and sold shares of the business. Virtu Financial LLC bought a new position in shares of Appian during the fourth quarter valued at approximately $408,000. Invesco Ltd. increased its position in Appian by 13.2% during the 4th quarter. Invesco Ltd. now owns 47,737 shares of the company’s stock valued at $1,691,000 after buying an additional 5,560 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its stake in Appian by 26.7% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 15,191 shares of the company’s stock valued at $538,000 after buying an additional 3,198 shares during the last quarter. XTX Topco Ltd boosted its holdings in Appian by 75.2% in the fourth quarter. XTX Topco Ltd now owns 20,453 shares of the company’s stock worth $724,000 after acquiring an additional 8,782 shares in the last quarter. Finally, Zacks Investment Management grew its stake in shares of Appian by 176.6% in the fourth quarter. Zacks Investment Management now owns 32,363 shares of the company’s stock worth $1,146,000 after acquiring an additional 20,663 shares during the last quarter. Hedge funds and other institutional investors own 52.70% of the company’s stock.

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.