Appian (NASDAQ:APPN) Announces Quarterly Earnings Results

Appian (NASDAQ:APPN) announced its earnings results on Wednesday. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.11), Zacks reports. Appian had a negative return on equity of 532.05% and a negative net margin of 14.88%. Appian updated its FY 2025 guidance to 0.170-0.220 EPS and its Q1 2025 guidance to 0.020-0.050 EPS.

Appian Trading Up 1.2 %

NASDAQ:APPN opened at $32.04 on Wednesday. Appian has a 1-year low of $26.28 and a 1-year high of $43.33. The firm has a fifty day simple moving average of $34.31 and a 200 day simple moving average of $34.04. The stock has a market capitalization of $2.74 billion, a PE ratio of -26.26 and a beta of 1.64.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on APPN shares. KeyCorp reaffirmed a “sector weight” rating on shares of Appian in a research note on Tuesday, January 14th. Barclays raised their price target on shares of Appian from $34.00 to $37.00 and gave the stock an “underweight” rating in a research note on Friday, December 6th. Finally, Scotiabank started coverage on shares of Appian in a research note on Monday, January 6th. They set a “sector perform” rating and a $37.00 price target for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $40.17.

Insider Activity at Appian

In related news, Director William D. Mccarthy sold 700 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $38.78, for a total value of $27,146.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 44.00% of the stock is owned by company 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.