Appian Corporation (NASDAQ:APPN) Given Average Recommendation of “Hold” by Brokerages

Appian Corporation (NASDAQ:APPN) has received a consensus recommendation of “Hold” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $33.40.

Several analysts recently weighed in on the company. Zacks Research upgraded Appian from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Appian in a research report on Wednesday, October 8th. Finally, DA Davidson initiated coverage on Appian in a research report on Friday, August 8th. They issued a “neutral” rating and a $30.00 price objective for the company.

Appian Stock Up 0.0%

Shares of NASDAQ:APPN opened at $28.52 on Tuesday. The business has a 50 day moving average price of $30.29 and a 200 day moving average price of $29.96. Appian has a twelve month low of $24.00 and a twelve month high of $43.33. The company has a market cap of $2.11 billion, a price-to-earnings ratio of -123.99 and a beta of 1.76.

Appian (NASDAQ:APPN) last announced its earnings results on Thursday, August 7th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The company had revenue of $170.64 million during the quarter, compared to analysts’ expectations of $160.01 million. During the same period last year, the firm posted ($0.26) EPS. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. Appian has set its FY 2025 guidance at 0.280-0.360 EPS. Q3 2025 guidance at 0.030-0.070 EPS. Analysts anticipate that Appian will post -0.28 EPS for the current year.

Institutional Trading of Appian

A number of hedge funds have recently modified their holdings of the company. Voya Investment Management LLC lifted its position in shares of Appian by 17.5% in the 3rd quarter. Voya Investment Management LLC now owns 13,048 shares of the company’s stock worth $399,000 after acquiring an additional 1,940 shares during the period. Squarepoint Ops LLC lifted its position in shares of Appian by 202.6% during the 2nd quarter. Squarepoint Ops LLC now owns 93,700 shares of the company’s stock worth $2,798,000 after buying an additional 62,733 shares during the period. State of Wyoming bought a new position in shares of Appian during the 2nd quarter worth approximately $143,000. Caxton Associates LLP bought a new position in shares of Appian during the 2nd quarter worth approximately $1,671,000. Finally, CANADA LIFE ASSURANCE Co lifted its position in shares of Appian by 1.5% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 294,711 shares of the company’s stock worth $8,791,000 after buying an additional 4,301 shares during the period. Institutional investors own 52.70% 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.