Appian (NASDAQ:APPN) Price Target Raised to $42.00

Appian (NASDAQ:APPN) had its target price upped by research analysts at DA Davidson from $34.00 to $42.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. DA Davidson’s price objective points to a potential upside of 16.51% from the stock’s previous close.

APPN has been the topic of several other research reports. Barclays upped their price objective on shares of Appian from $21.00 to $23.00 and gave the stock an “underweight” rating in a report on Friday, May 8th. TD Cowen reduced their price objective on shares of Appian from $27.00 to $24.00 and set a “hold” rating for the company in a report on Friday, May 15th. Citigroup boosted their target price on shares of Appian from $37.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Morgan Stanley upped their target price on shares of Appian from $25.00 to $32.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Finally, Weiss Ratings raised shares of Appian from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $31.00.

Appian Stock Performance

APPN stock opened at $36.05 on Friday. The stock’s 50 day simple moving average is $25.54 and its 200 day simple moving average is $24.50. The company has a market cap of $2.65 billion, a P/E ratio of -238.84 and a beta of 0.85. Appian has a fifty-two week low of $18.63 and a fifty-two week high of $46.06.

Appian (NASDAQ:APPN) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.13 EPS for the quarter. Appian had a negative return on equity of 35.20% and a negative net margin of 1.34%.The firm had revenue of $203.26 million during the quarter, compared to analysts’ expectations of $193.38 million. The company’s revenue for the quarter 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. Equities analysts predict that Appian will post 0.38 earnings per share for the current year.

Insider Transactions at Appian

In other news, CEO Matthew W. Calkins sold 50,000 shares of the company’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $24.72, for a total value of $1,236,000.00. Following the completion of the sale, the chief executive officer owned 1,719,144 shares in the company, valued at $42,497,239.68. This represents a 2.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 42.81% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in APPN. RPD Fund Management LLC purchased a new stake in Appian in the 1st quarter valued at about $94,496,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Appian by 86.9% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,291,124 shares of the company’s stock worth $39,470,000 after buying an additional 600,336 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Appian by 182.7% in the 2nd quarter. Bank of America Corp DE now owns 237,421 shares of the company’s stock worth $7,089,000 after buying an additional 524,420 shares during the last quarter. Caption Management LLC boosted its stake in shares of Appian by 127.3% in the 2nd quarter. Caption Management LLC now owns 80,472 shares of the company’s stock worth $2,403,000 after buying an additional 375,758 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Appian by 475.9% in the third quarter. Millennium Management LLC now owns 402,958 shares of the company’s stock valued at $12,318,000 after acquiring an additional 332,992 shares in the last quarter. 52.70% of the stock is currently owned by hedge funds and other institutional investors.

About Appian

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.