Appian (NASDAQ:APPN) Updates Q1 Earnings Guidance

Appian (NASDAQ:APPN) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.02-0.05 for the period, compared to the consensus earnings per share estimate of ($0.01). The company issued revenue guidance of $162-164 million, compared to the consensus revenue estimate of $167.87 million. Appian also updated its FY 2025 guidance to 0.170-0.220 EPS.

Analyst Ratings Changes

APPN has been the subject of several recent research reports. Barclays upped their price target on Appian from $34.00 to $37.00 and gave the company an “underweight” rating in a report on Friday, December 6th. KeyCorp restated a “sector weight” rating on shares of Appian in a research note on Tuesday, January 14th. Finally, Scotiabank began coverage on shares of Appian in a research note on Monday, January 6th. They set a “sector perform” rating and a $37.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $40.17.

Appian Stock Up 16.3 %

NASDAQ:APPN traded up $5.23 during trading hours on Wednesday, reaching $37.27. The company had a trading volume of 1,669,502 shares, compared to its average volume of 427,196. The firm has a market capitalization of $3.18 billion, a PE ratio of -30.55 and a beta of 1.64. The stock has a 50-day moving average of $34.31 and a two-hundred day moving average of $34.04. Appian has a one year low of $26.28 and a one year high of $43.33.

Appian (NASDAQ:APPN) last announced its earnings results on Wednesday, February 19th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.11). The firm had revenue of $166.70 million for the quarter, compared to analyst estimates of $164.31 million. Appian had a negative return on equity of 532.05% and a negative net margin of 14.88%. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.06 EPS. As a group, sell-side analysts expect that Appian will post -0.89 earnings per share for the current year.

Insider Transactions at Appian

In related news, Director William D. Mccarthy sold 700 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $38.78, for a total transaction of $27,146.00. Following the transaction, the director now owns 7,966 shares in the company, valued at $308,921.48. This represents a 8.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 44.00% of the stock is owned by company insiders.

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.