Appian (NASDAQ:APPN) Updates 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 Trading Up 16.3 %

Appian stock traded up $5.23 during mid-day trading on Wednesday, hitting $37.27. The stock had a trading volume of 1,669,502 shares, compared to its average volume of 427,196. The stock has a 50-day simple moving average of $34.31 and a two-hundred day simple moving average of $34.04. The stock has a market capitalization of $3.18 billion, a PE ratio of -30.55 and a beta of 1.64. Appian has a 12 month low of $26.28 and a 12 month high of $43.33.

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

Analyst Ratings Changes

APPN has been the topic of several recent research reports. KeyCorp restated a “sector weight” rating on shares of Appian in a research report on Tuesday, January 14th. Scotiabank assumed coverage on Appian in a research report on Monday, January 6th. They set a “sector perform” rating and a $37.00 target price for the company. Finally, Barclays upped their price target on Appian from $34.00 to $37.00 and gave the company an “underweight” rating in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $40.17.

Insider Activity

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 transaction of $27,146.00. Following the sale, the director now directly owns 7,966 shares in the company, valued at $308,921.48. This trade represents a 8.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 44.00% of the stock is currently 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.