Mark Dorsey Purchases 5,227 Shares of Appian (NASDAQ:APPN) Stock

Appian Corporation (NASDAQ:APPN) CRO Mark Dorsey acquired 5,227 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were acquired at an average price of $19.13 per share, with a total value of $99,992.51. Following the completion of the transaction, the executive directly owned 13,993 shares in the company, valued at approximately $267,686.09. This trade represents a 59.63% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Appian Trading Up 2.7%

Shares of NASDAQ APPN opened at $19.22 on Friday. Appian Corporation has a one year low of $18.63 and a one year high of $46.06. The firm has a market capitalization of $1.42 billion, a PE ratio of 1,923.92 and a beta of 0.88. The business has a 50-day moving average price of $23.27 and a two-hundred day moving average price of $29.77.

Appian (NASDAQ:APPN) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.08. Appian had a negative return on equity of 26.12% and a net margin of 0.12%.The firm had revenue of $202.18 million during the quarter, compared to analyst estimates of $191.57 million. During the same period last year, the company posted $0.13 EPS. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. Appian has set its FY 2026 guidance at 0.940-1.050 EPS and its Q2 2026 guidance at -0.020-0.020 EPS. Research analysts anticipate that Appian Corporation will post 0.38 EPS for the current year.

Institutional Investors Weigh In On Appian

Several institutional investors have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Appian by 16.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,519,653 shares of the company’s stock valued at $36,639,000 after buying an additional 215,183 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Appian by 7.7% during the 1st quarter. Sei Investments Co. now owns 85,099 shares of the company’s stock valued at $2,052,000 after buying an additional 6,057 shares during the last quarter. State of Wyoming lifted its holdings in shares of Appian by 580.8% during the 1st quarter. State of Wyoming now owns 9,953 shares of the company’s stock valued at $240,000 after buying an additional 8,491 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Appian by 16.9% during the 1st quarter. First Trust Advisors LP now owns 1,355,961 shares of the company’s stock valued at $32,692,000 after buying an additional 196,021 shares during the last quarter. Finally, KBC Group NV acquired a new stake in shares of Appian during the 1st quarter valued at about $31,000. 52.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

APPN has been the subject of a number of research reports. Citigroup decreased their price objective on Appian from $38.00 to $37.00 and set a “buy” rating for the company in a research report on Friday, May 8th. TD Cowen decreased their price objective on Appian from $35.00 to $30.00 and set a “hold” rating for the company in a research report on Friday, February 20th. Morgan Stanley restated an “equal weight” rating and set a $25.00 price objective (down from $41.00) on shares of Appian in a research report on Thursday, April 30th. DA Davidson set a $25.00 price target on Appian in a report on Friday, February 20th. Finally, Zacks Research upgraded Appian from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $27.50.

Appian Company Profile

Appian Corporation is a global technology company specializing in low-code automation platforms designed to streamline business processes. Founded in 1999 by Matt Calkins, the company provides an integrated suite of tools that enables organizations to build enterprise applications and workflows rapidly with minimal hand coding. The platform combines process management, robotic process automation (RPA), artificial intelligence (AI) capabilities and data integration into a single environment, allowing businesses to accelerate digital transformation initiatives.

The core offering, the Appian Low-Code Platform, empowers users—ranging from professional developers to business analysts—to visually model, design and deploy applications that can automate complex operations, orchestrate tasks across systems, and deliver real-time analytics.