Appian (NASDAQ:APPN) CEO Sells $1,559,400.00 in Stock

Appian Corporation (NASDAQ:APPN) CEO Matthew Calkins sold 30,000 shares of Appian stock in a transaction on Friday, November 6th. The shares were sold at an average price of $51.98, for a total value of $1,559,400.00. Following the transaction, the chief executive officer directly owned 1,554,144 shares of the company’s stock, valued at approximately $80,784,405.12. The trade was a 1.89% decrease in their ownership of the stock. The sale 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.

Appian Stock Performance

Shares of NASDAQ:APPN opened at $53.60 on Thursday. The company’s fifty day moving average is $42.17 and its 200-day moving average is $29.89. Appian Corporation has a 52 week low of $18.63 and a 52 week high of $56.38. The company has a market capitalization of $3.84 billion, a PE ratio of 118.98 and a beta of 0.84.

Appian (NASDAQ:APPN) last announced its earnings results on Thursday, November 5th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.18. Appian had a negative net margin of 0.72% and a negative return on equity of 43.13%. The business had revenue of $234.63 million during the quarter, compared to analysts’ expectations of $216.94 million. During the same quarter last year, the company posted $0.32 EPS. The firm’s revenue for the quarter was up 25.5% on a year-over-year basis. Appian has set its FY 2026 guidance at 1.200-1.240 EPS and its Q4 2026 guidance at 0.300-0.340 EPS. On average, analysts forecast that Appian Corporation will post 0.51 EPS for the current year.

Institutional Trading of Appian

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. RPD Fund Management LLC acquired a new position in Appian during the 1st quarter worth about $94,496,000. Lead Edge Capital Management LLC increased its position 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 in the last quarter. Arrowstreet Capital Limited Partnership increased its position in Appian by 16.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,519,653 shares of the company’s stock valued at $36,639,000 after acquiring an additional 215,183 shares in the last quarter. First Trust Advisors LP increased its position in Appian by 16.9% in the 1st quarter. First Trust Advisors LP now owns 1,355,961 shares of the company’s stock valued at $32,692,000 after acquiring an additional 196,021 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in Appian by 21.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 333,280 shares of the company’s stock valued at $11,764,000 after acquiring an additional 58,866 shares in the last quarter. 52.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on APPN shares. Citigroup upped their price objective on shares of Appian from $40.00 to $69.00 and gave the stock a “buy” rating in a research note on Friday, November 6th. Barclays lifted their target price on shares of Appian from $26.00 to $30.00 and gave the company an “underweight” rating in a research note on Tuesday, October 13th. Wall Street Zen downgraded Appian from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 17th. TD Cowen boosted their target price on Appian from $30.00 to $50.00 and gave the stock a “hold” rating in a report on Tuesday, November 3rd. Finally, Morgan Stanley increased their price target on Appian from $25.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $44.33.

About Appian

Appian Corporation develops a low-code platform that helps organizations build and manage business applications and automate complex processes. Its offerings combine application development tools with capabilities for workflow automation, case management, robotic process automation, and process mining. Founded in 1999 by Matt Calkins, Appian serves businesses and government organizations in a range of industries, including financial services, insurance, healthcare, life sciences, and the public sector.