Appian (NASDAQ:APPN) CEO Matthew Calkins Sells 45,000 Shares

Appian Corporation (NASDAQ:APPN) CEO Matthew Calkins sold 45,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $35.19, for a total value of $1,583,550.00. Following the transaction, the chief executive officer directly owned 1,629,144 shares in the company, valued at approximately $57,329,577.36. This trade represents a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Appian Stock Performance

Shares of NASDAQ:APPN opened at $34.07 on Friday. Appian Corporation has a 52-week low of $18.63 and a 52-week high of $46.06. The business’s 50 day simple moving average is $31.81 and its two-hundred day simple moving average is $26.25. The firm has a market cap of $2.44 billion, a P/E ratio of -227.12 and a beta of 0.94.

Appian (NASDAQ:APPN) last released 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 the consensus estimate of $193.38 million. The company’s quarterly revenue was up 19.1% on a year-over-year basis. 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, equities analysts forecast that Appian Corporation will post 0.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on APPN. Morgan Stanley boosted their price target on shares of Appian from $25.00 to $32.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Citigroup lifted their price objective on shares of Appian from $37.00 to $40.00 and gave the company a “buy” rating in a report on Friday, August 7th. Weiss Ratings raised shares of Appian from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, September 3rd. DA Davidson boosted their target price on shares of Appian from $34.00 to $42.00 and gave the stock a “neutral” rating in a research report on Friday, August 14th. Finally, Zacks Research upgraded shares of Appian from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $31.00.

Institutional Investors Weigh In On Appian

Several institutional investors have recently bought and sold shares of the stock. RPD Fund Management LLC bought a new stake in shares of Appian during the 1st quarter worth $94,496,000. Lead Edge Capital Management LLC grew 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. Cinctive Capital Management LP grew its position in Appian by 59.0% during the fourth quarter. Cinctive Capital Management LP now owns 295,603 shares of the company’s stock valued at $10,470,000 after buying an additional 109,682 shares during the period. First Trust Advisors LP increased its holdings in Appian by 16.9% during the first quarter. First Trust Advisors LP now owns 1,355,961 shares of the company’s stock worth $32,692,000 after buying an additional 196,021 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Appian by 16.5% in the first 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 during the period. Institutional investors own 52.70% of the company’s stock.

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.