Appian (NASDAQ:APPN) Stock Rating Lowered by Wall Street Zen

Appian (NASDAQ:APPN) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday, Wall Street Zen reports.

A number of other equities analysts have also commented on the stock. Weiss Ratings raised shares of Appian from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, September 3rd. Zacks Research downgraded shares of Appian from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. Barclays boosted 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. Morgan Stanley increased their target price on Appian from $25.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Finally, Citigroup increased their target price on Appian from $37.00 to $40.00 and gave the company a “buy” rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Appian has an average rating of “Reduce” and a consensus price target of $32.17.

Appian Stock Performance

NASDAQ APPN opened at $41.17 on Friday. The stock’s 50-day moving average price is $37.84 and its two-hundred day moving average price is $28.50. The company has a market cap of $2.95 billion, a PE ratio of -274.45 and a beta of 0.92. Appian has a 1 year low of $18.63 and a 1 year high of $46.06.

Appian (NASDAQ:APPN) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.13 EPS for the quarter. Appian had a negative net margin of 1.34% and a negative return on equity of 35.20%. The company had revenue of $203.26 million during the quarter, compared to analyst estimates of $193.38 million. The firm’s quarterly revenue 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. Research analysts forecast that Appian will post 0.45 EPS for the current fiscal year.

Insider Activity at Appian

In related news, CEO Matthew Calkins sold 45,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 7th. The shares were sold at an average price of $37.50, for a total transaction of $1,687,500.00. Following the transaction, the chief executive officer directly owned 1,584,144 shares of the company’s stock, valued at approximately $59,405,400. The trade was a 2.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 42.81% of the company’s stock.

Institutional Investors Weigh In On Appian

A number of institutional investors have recently modified their holdings of APPN. IFP Advisors Inc boosted its holdings in Appian by 35.5% in the second quarter. IFP Advisors Inc now owns 1,108 shares of the company’s stock worth $25,000 after purchasing an additional 290 shares in the last quarter. KBC Group NV acquired a new position in Appian during the first quarter worth $31,000. State of Alaska Department of Revenue bought a new position in Appian during the third quarter valued at about $73,000. Allworth Financial LP raised its holdings in Appian by 15.0% during the second quarter. Allworth Financial LP now owns 2,678 shares of the company’s stock valued at $61,000 after buying an additional 350 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in Appian during the second quarter valued at about $63,000. Institutional investors and hedge funds own 52.70% of the company’s stock.

Appian Company Profile

Appian Corporation develops a low-code platform designed to help organizations build, manage and automate business applications and workflows. Its platform combines process orchestration, data management, artificial intelligence, robotic process automation and case management capabilities, enabling businesses to connect information from multiple systems and coordinate complex operational processes.

Appian provides cloud-based and self-managed deployment options, along with consulting, implementation, training and support services.