Appian (NASDAQ:APPN) Shares Gap Up – What’s Next?

Shares of Appian Corporation (NASDAQ:APPN) gapped up prior to trading on Friday. The stock had previously closed at $35.27, but opened at $38.38. Appian shares last traded at $37.5140, with a volume of 32,329 shares changing hands.

Analyst Ratings Changes

A number of analysts recently commented on the company. DA Davidson increased their price target on Appian from $34.00 to $42.00 and gave the company a “neutral” rating in a research report on Friday, August 14th. Citigroup upped their price objective on Appian from $37.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Zacks Research raised Appian from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Wall Street Zen raised Appian from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 12th. Finally, Weiss Ratings upgraded Appian from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, September 3rd. One 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 given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $31.00.

Appian Stock Down 2.1%

The firm has a 50 day moving average of $35.44 and a 200 day moving average of $27.40. The firm has a market cap of $2.65 billion, a PE ratio of -247.34 and a beta of 0.92.

Appian (NASDAQ:APPN) last released its earnings results on Thursday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter. The business had revenue of $203.26 million during the quarter, compared to the consensus estimate of $193.38 million. Appian had a negative return on equity of 35.20% and a negative net margin of 1.34%.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. On average, research analysts anticipate that Appian Corporation will post 0.45 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Matthew Calkins sold 45,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 42.81% of the company’s stock.

Hedge Funds Weigh In On Appian

Several large investors have recently modified their holdings of APPN. RPD Fund Management LLC purchased a new stake in shares of Appian during the 1st quarter valued at approximately $94,496,000. Lead Edge Capital Management LLC lifted its position in shares of Appian by 18.5% during the first quarter. Lead Edge Capital Management LLC now owns 1,905,634 shares of the company’s stock worth $45,945,000 after acquiring an additional 296,845 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of 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. First Trust Advisors LP grew its position in shares of Appian by 16.9% in the first quarter. First Trust Advisors LP now owns 1,355,961 shares of the company’s stock valued at $32,692,000 after purchasing an additional 196,021 shares in the last quarter. Finally, Cinctive Capital Management LP raised its stake in shares of Appian by 59.0% during the 4th quarter. Cinctive Capital Management LP now owns 295,603 shares of the company’s stock valued at $10,470,000 after purchasing an additional 109,682 shares during the period. Hedge funds and other institutional investors 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.