DA Davidson Has Negative Outlook of Appian FY2025 Earnings

Appian Co. (NASDAQ:APPN) – Equities researchers at DA Davidson lowered their FY2025 EPS estimates for Appian in a report issued on Tuesday, April 15th. DA Davidson analyst G. Luria now anticipates that the company will post earnings per share of ($0.27) for the year, down from their prior estimate of ($0.25). DA Davidson has a “Neutral” rating and a $28.00 price target on the stock. The consensus estimate for Appian’s current full-year earnings is ($0.28) per share.

A number of other research firms also recently issued reports on APPN. Scotiabank began coverage on shares of Appian in a report on Monday, January 6th. They issued a “sector perform” rating and a $37.00 target price for the company. Morgan Stanley lowered their price objective on shares of Appian from $35.00 to $27.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Appian in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $35.17.

Appian Price Performance

APPN opened at $26.92 on Thursday. Appian has a 12 month low of $24.00 and a 12 month high of $43.33. The business has a 50-day moving average of $30.48 and a two-hundred day moving average of $33.59. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of -21.37 and a beta of 1.78.

Appian (NASDAQ:APPN) last announced its quarterly earnings data on Wednesday, February 19th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.11). Appian had a negative net margin of 14.95% and a negative return on equity of 532.05%. The business had revenue of $166.70 million during the quarter, compared to analysts’ expectations of $164.31 million. During the same period in the prior year, the firm earned $0.06 EPS. Appian’s revenue for the quarter was up 14.7% on a year-over-year basis.

Institutional Investors Weigh In On Appian

Several hedge funds and other institutional investors have recently added to or reduced their stakes in APPN. Point72 Hong Kong Ltd acquired a new position in shares of Appian in the 4th quarter valued at approximately $35,000. Canada Pension Plan Investment Board grew its holdings in Appian by 27.8% during the 4th quarter. Canada Pension Plan Investment Board now owns 2,300 shares of the company’s stock worth $76,000 after acquiring an additional 500 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Appian by 1,244.8% in the 4th quarter. Russell Investments Group Ltd. now owns 3,779 shares of the company’s stock worth $125,000 after purchasing an additional 3,498 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Appian in the 4th quarter valued at about $181,000. Finally, FMR LLC lifted its position in shares of Appian by 199.4% during the third quarter. FMR LLC now owns 5,935 shares of the company’s stock worth $203,000 after purchasing an additional 3,953 shares during the last quarter. Hedge funds and other institutional investors own 52.70% of the company’s stock.

Insider Activity

In other news, major shareholder Abdiel Capital Advisors, Lp sold 78,528 shares of the stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $26.49, for a total value of $2,080,206.72. Following the completion of the sale, the insider now owns 9,942,140 shares in the company, valued at approximately $263,367,288.60. This trade represents a 0.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Albert G.W. Biddle III sold 990 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $33.21, for a total value of $32,877.90. Following the completion of the transaction, the director now owns 29,348 shares of the company’s stock, valued at approximately $974,647.08. This represents a 3.26 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 240,510 shares of company stock valued at $6,648,635. 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.