Appian (NASDAQ:APPN) Raised to “Strong-Buy” at Wall Street Zen

Appian (NASDAQ:APPN) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday, Wall Street Zen reports.

Other analysts have also issued reports about the company. TD Cowen lowered their price objective on Appian from $27.00 to $24.00 and set a “hold” rating for the company in a research report on Friday, May 15th. DA Davidson upped their target price on shares of Appian from $34.00 to $42.00 and gave the company a “neutral” rating in a research report on Friday, August 14th. Zacks Research raised shares of Appian from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Citigroup lifted their price target on shares of Appian from $37.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, Weiss Ratings raised shares of Appian from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $31.00.

Appian Stock Performance

Shares of APPN opened at $34.76 on Friday. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of -231.72 and a beta of 0.94. The business’s fifty day moving average price is $32.02 and its two-hundred day moving average price is $26.33. Appian has a 52 week low of $18.63 and a 52 week high of $46.06.

Appian (NASDAQ:APPN) last released its earnings results on Thursday, August 6th. The company reported $0.13 earnings per share for the quarter. Appian had a negative return on equity of 35.20% and a negative net margin of 1.34%.The company had revenue of $203.26 million during the quarter, compared to the consensus estimate of $193.38 million. The business’s revenue was up 19.1% on a year-over-year basis. Appian has set its FY 2026 guidance at 1.040-1.120 EPS and its Q3 2026 guidance at 0.310-0.350 EPS. As a group, research analysts forecast that Appian will post 0.45 EPS for the current year.

Insider Activity

In related news, CEO Matthew Calkins sold 50,000 shares of Appian stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $24.72, for a total transaction of $1,236,000.00. Following the completion of the sale, the chief executive officer directly owned 1,719,144 shares of the company’s stock, valued at $42,497,239.68. The trade was a 2.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 42.81% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Appian

Several hedge funds have recently added to or reduced their stakes in APPN. Millennium Management LLC boosted its holdings in Appian by 18.9% during the first quarter. Millennium Management LLC now owns 302,720 shares of the company’s stock worth $8,721,000 after buying an additional 48,014 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Appian by 2.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 385,731 shares of the company’s stock valued at $11,113,000 after acquiring an additional 8,319 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Appian by 2.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 90,080 shares of the company’s stock valued at $2,595,000 after acquiring an additional 2,244 shares during the period. JPMorgan Chase & Co. raised its position in shares of Appian by 1.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 208,832 shares of the company’s stock valued at $6,236,000 after acquiring an additional 3,954 shares during the period. Finally, Invesco Ltd. boosted its stake in Appian by 34.7% during the 2nd quarter. Invesco Ltd. now owns 32,343 shares of the company’s stock worth $966,000 after acquiring an additional 8,329 shares during the last quarter. Institutional investors and hedge funds own 52.70% of the company’s stock.

Appian Company Profile

Appian Corporation develops enterprise software designed to help organizations build applications and automate business processes. Its low-code platform enables users to design, deploy and manage applications with limited traditional programming, supporting workflow automation, process orchestration, case management and business process improvement.

The Appian Platform combines application development tools with data management, artificial intelligence, robotic process automation and process-mining capabilities.