Matthew Calkins Sells 50,000 Shares of Appian (NASDAQ:APPN) Stock

Appian Corporation (NASDAQ:APPN) CEO Matthew Calkins sold 50,000 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $24.72, for a total value of $1,236,000.00. Following the completion of the transaction, the chief executive officer owned 1,719,144 shares of the company’s stock, valued at $42,497,239.68. This trade represents a 2.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Appian Price Performance

Appian stock traded down $0.41 during trading hours on Wednesday, hitting $24.27. 478,962 shares of the stock traded hands, compared to its average volume of 999,104. The firm’s 50 day moving average price is $22.42 and its 200-day moving average price is $25.55. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 2,429.43 and a beta of 0.85. Appian Corporation has a 1 year low of $18.63 and a 1 year high of $46.06.

Appian (NASDAQ:APPN) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.08. The firm had revenue of $202.18 million during the quarter, compared to analysts’ expectations of $191.56 million. Appian had a negative return on equity of 26.12% and a net margin of 0.12%.The company’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period last year, the business posted $0.13 earnings per share. 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 forecast that Appian Corporation will post 0.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on APPN shares. Barclays increased their price objective on shares of Appian from $21.00 to $23.00 and gave the stock an “underweight” rating in a research note on Friday, May 8th. UBS Group set a $25.00 price target on shares of Appian in a report on Thursday, April 30th. Citigroup reduced their price objective on Appian from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Weiss Ratings reissued a “sell (d)” rating on shares of Appian in a report on Wednesday, May 20th. Finally, DA Davidson lowered their target price on Appian from $25.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, May 15th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $26.00.

Institutional Trading of Appian

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd acquired a new position in shares of Appian in the fourth quarter worth about $30,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Appian by 693.4% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 968 shares of the company’s stock valued at $30,000 after acquiring an additional 846 shares during the period. KBC Group NV acquired a new stake in shares of Appian during the 1st quarter valued at about $31,000. Kestra Advisory Services LLC purchased a new position in shares of Appian in the 4th quarter valued at about $34,000. Finally, Allworth Financial LP raised its holdings in Appian by 175.2% in the 3rd quarter. Allworth Financial LP now owns 1,131 shares of the company’s stock worth $35,000 after purchasing an additional 720 shares during the period. Institutional investors and hedge funds own 52.70% of the company’s stock.

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.