Appian (NASDAQ:APPN) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Appian (NASDAQ:APPN) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

Several other research firms also recently weighed in on APPN. TD Cowen reduced their target price on shares of Appian from $27.00 to $24.00 and set a “hold” rating for the company in a research note on Friday, May 15th. Citigroup upped their price target on shares of Appian from $37.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, August 7th. DA Davidson raised their price objective on shares of Appian from $34.00 to $42.00 and gave the stock a “neutral” rating in a report on Friday, August 14th. Morgan Stanley lifted their price objective 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. Finally, Weiss Ratings raised shares of Appian from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, September 3rd. One equities research 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 issued a Sell rating to the stock. According to MarketBeat.com, Appian has a consensus rating of “Hold” and an average target price of $31.00.

Appian Stock Performance

APPN stock opened at $34.76 on Friday. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of -231.72 and a beta of 0.94. Appian has a fifty-two week low of $18.63 and a fifty-two week high of $46.06. The stock has a fifty day moving average of $32.02 and a 200-day moving average of $26.31.

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

Insider Activity at Appian

In related news, CEO Matthew Calkins sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $24.72, for a total transaction of $1,236,000.00. Following the completion of the transaction, the chief executive officer owned 1,719,144 shares of the company’s stock, valued at approximately $42,497,239.68. The trade was a 2.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 42.81% of the company’s stock.

Institutional Trading of Appian

Several institutional investors and hedge funds have recently bought and sold shares of APPN. Millennium Management LLC increased its holdings in shares of Appian by 18.9% in the first quarter. Millennium Management LLC now owns 302,720 shares of the company’s stock worth $8,721,000 after purchasing an additional 48,014 shares during the period. Goldman Sachs Group Inc. boosted its stake in Appian by 2.2% during the first quarter. Goldman Sachs Group Inc. now owns 385,731 shares of the company’s stock valued at $11,113,000 after buying an additional 8,319 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Appian by 2.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 90,080 shares of the company’s stock worth $2,595,000 after buying an additional 2,244 shares in the last quarter. JPMorgan Chase & Co. grew its position in Appian by 1.9% during the second quarter. JPMorgan Chase & Co. now owns 208,832 shares of the company’s stock worth $6,236,000 after buying an additional 3,954 shares in the last quarter. Finally, Invesco Ltd. grew its position in Appian by 34.7% during the second quarter. Invesco Ltd. now owns 32,343 shares of the company’s stock worth $966,000 after buying an additional 8,329 shares in the last quarter. 52.70% of the stock is currently owned by hedge funds and other institutional investors.

About Appian

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.