Appian (NASDAQ:APPN) Rating Lowered to “Hold” at Zacks Research

Appian (NASDAQ:APPN) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday, Zacks reports.

A number of other brokerages have also recently commented on APPN. DA Davidson lifted their price objective on shares of Appian from $34.00 to $42.00 and gave the stock a “neutral” rating in a research note on Friday, August 14th. Wall Street Zen upgraded shares of Appian from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 12th. Citigroup increased their price target on shares of Appian from $37.00 to $40.00 and gave the company a “buy” rating in a report on Friday, August 7th. Morgan Stanley lifted their price target on Appian from $25.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Finally, Weiss Ratings raised Appian from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, September 3rd. 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 company has an average rating of “Reduce” and a consensus target price of $31.00.

Appian Stock Performance

NASDAQ APPN opened at $37.76 on Tuesday. The stock has a 50 day moving average price of $36.33 and a 200-day moving average price of $27.73. Appian has a one year low of $18.63 and a one year high of $46.06. The company has a market capitalization of $2.70 billion, a P/E ratio of -251.72 and a beta of 0.92.

Appian (NASDAQ:APPN) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.13 earnings per share for the quarter. The company had revenue of $203.26 million for the quarter, compared to analysts’ expectations of $193.38 million. Appian had a negative net margin of 1.34% and a negative return on equity of 35.20%. The business’s quarterly revenue was up 19.1% compared to the same quarter last year. 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, equities analysts predict that Appian will post 0.45 EPS for the current fiscal year.

Insider Buying and Selling

In other Appian news, CEO Matthew Calkins sold 45,000 shares of Appian stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $35.19, for a total transaction of $1,583,550.00. Following the completion of the transaction, the chief executive officer directly owned 1,629,144 shares of the company’s stock, valued at $57,329,577.36. The trade was a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 42.81% of the stock is owned by insiders.

Institutional Investors Weigh In On Appian

Hedge funds and other institutional investors have recently made changes to their positions in the company. IFP Advisors Inc lifted its position in Appian by 35.5% during the 2nd quarter. IFP Advisors Inc now owns 1,108 shares of the company’s stock worth $25,000 after acquiring an additional 290 shares during the period. Allworth Financial LP increased its holdings in shares of Appian by 15.0% in the second quarter. Allworth Financial LP now owns 2,678 shares of the company’s stock valued at $61,000 after purchasing an additional 350 shares during the period. Cim Investment Management Inc. raised its stake in shares of Appian by 7.4% in the second quarter. Cim Investment Management Inc. now owns 10,357 shares of the company’s stock worth $237,000 after purchasing an additional 715 shares during the last quarter. KBC Group NV purchased a new position in shares of Appian in the first quarter worth about $31,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of Appian during the second quarter worth about $63,000. Hedge funds and other institutional investors own 52.70% of the company’s stock.

About Appian

Appian Corporation develops a low-code platform designed to help organizations build, manage and automate business applications and workflows. Its platform combines process orchestration, data management, artificial intelligence, robotic process automation and case management capabilities, enabling businesses to connect information from multiple systems and coordinate complex operational processes.

Appian provides cloud-based and self-managed deployment options, along with consulting, implementation, training and support services.