Appian (NASDAQ:APPN) Stock Gets Price Target Bump from TD Cowen

Appian (NASDAQ:APPN) had its target price hoisted by investment analysts at TD Cowen from $30.00 to $50.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a “hold” rating on the stock. TD Cowen‘s price objective would suggest a potential upside of 4.45% from the stock’s current price.

A number of other brokerages have also recently weighed in on APPN. Wall Street Zen cut shares of Appian from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 17th. Weiss Ratings raised Appian from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, September 3rd. DA Davidson upped 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. Citigroup increased their price objective on Appian from $37.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, Morgan Stanley raised their price objective on Appian from $25.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. One investment 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 data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $36.50.

Appian Stock Performance

Shares of NASDAQ:APPN traded down $0.88 during trading hours on Tuesday, hitting $47.87. 153,991 shares of the company’s stock traded hands, compared to its average volume of 958,901. Appian has a 52 week low of $18.63 and a 52 week high of $54.12. The company’s fifty day simple moving average is $40.63 and its two-hundred day simple moving average is $29.10. The company has a market cap of $3.43 billion, a price-to-earnings ratio of -321.31 and a beta of 0.92.

Appian (NASDAQ:APPN) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter. Appian had a negative net margin of 1.34% and a negative return on equity of 35.20%. The company had revenue of $203.26 million for the quarter, compared to analysts’ expectations of $193.38 million. The company’s quarterly revenue was up 19.1% compared to the same quarter last year. Appian has set its FY 2026 guidance at 1.040-1.120 EPS and its Q3 2026 guidance at 0.310-0.350 EPS. On average, analysts anticipate that Appian will post 0.46 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Matthew Calkins sold 45,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 7th. The shares were sold at an average price of $37.50, for a total value of $1,687,500.00. Following the completion of the transaction, the chief executive officer owned 1,584,144 shares of the company’s stock, valued at approximately $59,405,400. This trade represents a 2.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 42.81% of the company’s stock.

Institutional Trading of Appian

Several large investors have recently added to or reduced their stakes in APPN. RPD Fund Management LLC purchased a new position in shares of Appian during the first quarter valued at $94,496,000. Lead Edge Capital Management LLC raised its position in Appian by 18.5% during the first quarter. Lead Edge Capital Management LLC now owns 1,905,634 shares of the company’s stock valued at $45,945,000 after buying an additional 296,845 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Appian by 16.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,519,653 shares of the company’s stock worth $36,639,000 after acquiring an additional 215,183 shares in the last quarter. First Trust Advisors LP lifted its stake in Appian by 16.9% in the 1st quarter. First Trust Advisors LP now owns 1,355,961 shares of the company’s stock worth $32,692,000 after acquiring an additional 196,021 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in Appian by 8.0% in the 1st quarter. Bank of America Corp DE now owns 176,566 shares of the company’s stock worth $4,257,000 after acquiring an additional 13,129 shares in the last quarter. 52.70% of the stock is owned by institutional investors and hedge funds.

Appian Company Profile

Appian Corporation (NASDAQ: APPN) develops and provides a low-code platform designed to help organizations build, manage and automate business applications and processes. Its platform combines process orchestration, workflow automation, artificial intelligence, robotic process automation, case management and data management capabilities in a unified environment.

Appian’s software is used to improve operational efficiency, connect data and systems, and support applications such as customer service, compliance, supply chain management and government services.