Appian Co. (NASDAQ:APPN) Given Average Recommendation of “Moderate Buy” by Brokerages

Appian Co. (NASDAQ:APPN) has been assigned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $46.43.

APPN has been the subject of a number of research analyst reports. William Blair reiterated an “outperform” rating on shares of Appian in a report on Wednesday, March 20th. DA Davidson lowered their price objective on shares of Appian from $55.00 to $52.00 and set a “buy” rating for the company in a research note on Monday, March 4th. KeyCorp cut their target price on shares of Appian from $50.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, May 3rd. Barclays reduced their price target on shares of Appian from $36.00 to $32.00 and set an “underweight” rating for the company in a report on Friday, May 3rd. Finally, Citigroup upped their price objective on shares of Appian from $48.00 to $52.00 and gave the company a “neutral” rating in a report on Friday, March 22nd.

Insider Buying and Selling at Appian

In other news, Director Albert G.W. Biddle III purchased 3,225 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The shares were bought at an average cost of $28.02 per share, with a total value of $90,364.50. Following the completion of the transaction, the director now directly owns 19,689 shares of the company’s stock, valued at $551,685.78. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 44.00% of the company’s stock.

Institutional Investors Weigh In On Appian

A number of hedge funds have recently made changes to their positions in the business. Swiss National Bank raised its position in shares of Appian by 1.8% in the third quarter. Swiss National Bank now owns 68,700 shares of the company’s stock valued at $3,133,000 after purchasing an additional 1,200 shares during the period. Atria Wealth Solutions Inc. bought a new stake in Appian in the 3rd quarter worth $213,000. Charles Schwab Investment Management Inc. lifted its stake in Appian by 3.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 319,750 shares of the company’s stock worth $14,584,000 after acquiring an additional 9,900 shares during the period. Deutsche Bank AG raised its position in shares of Appian by 13.2% in the 3rd quarter. Deutsche Bank AG now owns 21,129 shares of the company’s stock worth $964,000 after acquiring an additional 2,468 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in Appian by 0.5% during the 3rd quarter. Rhumbline Advisers now owns 59,692 shares of the company’s stock valued at $2,723,000 after acquiring an additional 299 shares during the period. 52.70% of the stock is currently owned by institutional investors.

Appian Trading Down 0.6 %

APPN opened at $26.81 on Wednesday. Appian has a twelve month low of $26.28 and a twelve month high of $52.99. The company has a fifty day moving average of $32.50 and a 200-day moving average of $34.65. The stock has a market cap of $1.94 billion, a PE ratio of -18.24 and a beta of 1.44. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 2.68.

Appian (NASDAQ:APPN) last issued its quarterly earnings results on Thursday, May 2nd. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.09). Appian had a negative return on equity of 204.82% and a negative net margin of 19.20%. The business had revenue of $149.80 million for the quarter, compared to analyst estimates of $149.78 million. During the same quarter in the previous year, the business posted ($0.42) earnings per share. The business’s revenue was up 10.8% on a year-over-year basis. On average, sell-side analysts predict that Appian will post -1.38 EPS for the current year.

Appian Company Profile

Appian Corporation, a software company that provides low-code design platform in the United States, Mexico, Portugal, and internationally. The company's platform offers artificial intelligence, process automation, data fabric, and process mining. It provides The Appian Platform, an integrated automation platform that enables organizations to design, automate, and optimize mission-critical business processes.