Appian (NASDAQ:APPN) Issues Q1 Earnings Guidance

Appian (NASDAQ:APPN) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.02-0.05 for the period, compared to the consensus EPS estimate of ($0.01). The company issued revenue guidance of $162-164 million, compared to the consensus revenue estimate of $167.87 million. Appian also updated its FY 2025 guidance to 0.170-0.220 EPS.

Appian Stock Up 16.2 %

NASDAQ APPN traded up $5.19 during trading hours on Wednesday, hitting $37.23. 2,153,305 shares of the company were exchanged, compared to its average volume of 445,499. The stock has a market cap of $3.18 billion, a PE ratio of -30.52 and a beta of 1.64. The stock has a 50-day moving average price of $34.31 and a 200 day moving average price of $34.04. Appian has a 52 week low of $26.28 and a 52 week high of $43.33.

Appian (NASDAQ:APPN) last released its earnings results on Wednesday, February 19th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.11). The business had revenue of $166.70 million for the quarter, compared to the consensus estimate of $164.31 million. Appian had a negative net margin of 14.88% and a negative return on equity of 532.05%. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.06 EPS. As a group, sell-side analysts anticipate that Appian will post -0.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

APPN has been the subject of a number of research reports. KeyCorp reiterated a “sector weight” rating on shares of Appian in a report on Tuesday, January 14th. Barclays increased their price objective on Appian from $34.00 to $37.00 and gave the company an “underweight” rating in a report on Friday, December 6th. Finally, Scotiabank started coverage on Appian in a report on Monday, January 6th. They set a “sector perform” rating and a $37.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $40.17.

Insiders Place Their Bets

In other Appian news, Director William D. Mccarthy sold 700 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $38.78, for a total transaction of $27,146.00. Following the sale, the director now directly owns 7,966 shares of the company’s stock, valued at approximately $308,921.48. This trade represents a 8.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 44.00% of the stock is owned by insiders.

About Appian

Appian Corporation, a software company that provides low-code design platform in the United States, Mexico, Portugal, and internationally. The company's platform offers artificial intelligence, process automation, data fabric, and process mining. It provides The Appian Platform, an integrated automation platform that enables organizations to design, automate, and optimize mission-critical business processes.