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

Appian Corporation (NASDAQ:APPN) CEO Matthew Calkins sold 45,000 shares of Appian stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $35.19, for a total transaction of $1,583,550.00. Following the sale, the chief executive officer owned 1,629,144 shares in the company, valued at approximately $57,329,577.36. The trade was a 2.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 $34.76 on Friday. The firm has a fifty day moving average price of $32.02 and a 200 day moving average price of $26.31. Appian Corporation has a fifty-two week low of $18.63 and a fifty-two week high of $46.06. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of -231.72 and a beta of 0.94.

Appian (NASDAQ:APPN) last posted its earnings results on Thursday, August 6th. The company reported $0.13 earnings per share for the quarter. The company had revenue of $203.26 million during the quarter, compared to analysts’ expectations of $193.38 million. Appian had a negative net margin of 1.34% and a negative return on equity of 35.20%. The firm’s 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. As a group, research analysts predict that Appian Corporation will post 0.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on APPN. Citigroup boosted their target price on Appian from $37.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. TD Cowen cut their price target on Appian from $27.00 to $24.00 and set a “hold” rating for the company in a report on Friday, May 15th. Zacks Research raised Appian from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Morgan Stanley upped their price objective on Appian from $25.00 to $32.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Finally, Wall Street Zen upgraded Appian from a “buy” rating to a “strong-buy” rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $31.00.

Institutional Trading of Appian

Several hedge funds have recently made changes to their positions in the business. Aster Capital Management DIFC Ltd purchased a new position in Appian in the fourth quarter worth about $30,000. Northwestern Mutual Wealth Management Co. raised its position in Appian by 693.4% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 968 shares of the company’s stock valued at $30,000 after purchasing an additional 846 shares during the period. Kestra Advisory Services LLC purchased a new stake in Appian during the fourth quarter valued at approximately $34,000. IFP Advisors Inc lifted its stake in shares of Appian by 35.5% in the 2nd quarter. IFP Advisors Inc now owns 1,108 shares of the company’s stock valued at $25,000 after purchasing an additional 290 shares during the last quarter. Finally, KBC Group NV bought a new stake in shares of Appian in the 1st quarter valued at approximately $31,000. 52.70% of the stock is currently owned by hedge funds and other institutional investors.

Appian Company Profile

Appian Corporation develops enterprise software designed to help organizations build applications and automate business processes. Its low-code platform enables users to design, deploy and manage applications with limited traditional programming, supporting workflow automation, process orchestration, case management and business process improvement.

The Appian Platform combines application development tools with data management, artificial intelligence, robotic process automation and process-mining capabilities.