Appian (NASDAQ:APPN) Stock Rating Cut to Hold at Zacks Research

Zacks Research downgraded shares of Appian (NASDAQ:APPN) from a strong-buy rating to a hold rating in a report released on Tuesday,Zacks reports.

Several other research firms have also recently issued reports on APPN. Morgan Stanley boosted their target price on Appian from $25.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. DA Davidson raised their price target on Appian from $34.00 to $42.00 and gave the company a “neutral” rating in a report on Friday, August 14th. Weiss Ratings upgraded Appian from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, September 3rd. Citigroup upped their price objective on Appian from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Finally, Wall Street Zen upgraded Appian from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 12th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $31.00.

Appian Stock Performance

APPN stock opened at $37.76 on Tuesday. The stock has a market capitalization of $2.70 billion, a PE ratio of -251.72 and a beta of 0.92. The company has a fifty day moving average of $36.33 and a 200-day moving average of $27.73. Appian has a one year low of $18.63 and a one year high of $46.06.

Appian (NASDAQ:APPN) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter. The business had revenue of $203.26 million for the quarter, compared to analyst estimates of $193.38 million. Appian had a negative net margin of 1.34% and a negative return on equity of 35.20%. The firm’s revenue for the quarter was up 19.1% on a year-over-year basis. Appian has set its FY 2026 guidance at 1.040-1.120 EPS and its Q3 2026 guidance at 0.310-0.350 EPS. Equities analysts forecast that Appian will post 0.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Appian news, CEO Matthew Calkins sold 45,000 shares of the stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $35.19, for a total value of $1,583,550.00. Following the completion of the transaction, the chief executive officer directly owned 1,629,144 shares of the company’s stock, valued at approximately $57,329,577.36. This trade represents a 2.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 42.81% of the company’s stock.

Institutional Investors Weigh In On Appian

Institutional investors have recently modified their holdings of the company. RPD Fund Management LLC purchased a new stake in Appian in the 1st quarter worth approximately $94,496,000. Lead Edge Capital Management LLC raised its holdings in Appian by 18.5% in the 1st quarter. Lead Edge Capital Management LLC now owns 1,905,634 shares of the company’s stock valued at $45,945,000 after acquiring an additional 296,845 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake 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 worth $36,639,000 after purchasing an additional 215,183 shares during the period. First Trust Advisors LP lifted its stake 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 worth $32,692,000 after purchasing an additional 196,021 shares during the period. Finally, Cinctive Capital Management LP boosted its holdings in shares of Appian by 59.0% during the fourth quarter. Cinctive Capital Management LP now owns 295,603 shares of the company’s stock worth $10,470,000 after purchasing an additional 109,682 shares during the last quarter. Hedge funds and other institutional investors own 52.70% of the company’s stock.

Appian Company Profile

Appian Corporation develops a low-code platform designed to help organizations build, manage and automate business applications and workflows. Its platform combines process orchestration, data management, artificial intelligence, robotic process automation and case management capabilities, enabling businesses to connect information from multiple systems and coordinate complex operational processes.

Appian provides cloud-based and self-managed deployment options, along with consulting, implementation, training and support services.