Appian (NASDAQ:APPN) Posts Earnings Results

Appian (NASDAQ:APPN) issued its quarterly earnings results on Wednesday. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.11), Zacks reports. Appian had a negative return on equity of 532.05% and a negative net margin of 14.88%. Appian updated its FY 2025 guidance to 0.170-0.220 EPS and its Q1 2025 guidance to 0.020-0.050 EPS.

Appian Price Performance

APPN opened at $32.04 on Wednesday. The business has a fifty day moving average price of $34.43 and a 200 day moving average price of $34.02. Appian has a 12 month low of $26.28 and a 12 month high of $43.33.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on APPN shares. Barclays increased their target price on shares of Appian from $34.00 to $37.00 and gave the stock an “underweight” rating in a research note on Friday, December 6th. Scotiabank started coverage on Appian in a research note on Monday, January 6th. They issued a “sector perform” rating and a $37.00 price objective for the company. Finally, KeyCorp reissued a “sector weight” rating on shares of Appian in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $40.17.

Insider Activity

In related news, Director William D. Mccarthy sold 700 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $38.78, for a total value of $27,146.00. Following the sale, the director now owns 7,966 shares of the company’s stock, valued at $308,921.48. This trade represents a 8.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 44.00% of the company’s stock.

About Appian

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.