Appian Co. (NASDAQ:APPN) Receives Average Recommendation of “Hold” from Brokerages

Appian Co. (NASDAQ:APPN) has earned a consensus recommendation of “Hold” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $40.17.

APPN has been the topic of a number of analyst reports. Scotiabank started coverage on shares of Appian in a report on Monday, January 6th. They set a “sector perform” rating and a $37.00 price objective on the stock. KeyCorp reissued a “sector weight” rating on shares of Appian in a report on Tuesday, January 14th. Finally, Barclays boosted their price target on shares of Appian from $34.00 to $37.00 and gave the stock an “underweight” rating in a report on Friday, December 6th.

Insider Activity at Appian

In related news, Director William D. Mccarthy sold 700 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $38.78, for a total value of $27,146.00. Following the sale, the director now directly owns 7,966 shares in the company, valued at approximately $308,921.48. The trade was a 8.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 44.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Appian

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Appian by 9.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 87,836 shares of the company’s stock valued at $2,897,000 after acquiring an additional 7,594 shares during the period. Voloridge Investment Management LLC increased its position in shares of Appian by 222.6% during the fourth quarter. Voloridge Investment Management LLC now owns 182,965 shares of the company’s stock valued at $6,034,000 after buying an additional 126,256 shares during the period. Squarepoint Ops LLC increased its position in shares of Appian by 60.5% during the fourth quarter. Squarepoint Ops LLC now owns 25,546 shares of the company’s stock valued at $843,000 after buying an additional 9,630 shares during the period. Twinbeech Capital LP bought a new stake in shares of Appian during the fourth quarter valued at about $2,403,000. Finally, Sherbrooke Park Advisers LLC bought a new stake in shares of Appian during the fourth quarter valued at about $320,000. 52.70% of the stock is currently owned by institutional investors.

Appian Stock Down 3.7 %

NASDAQ:APPN opened at $33.34 on Monday. The company has a fifty day moving average of $34.13 and a 200-day moving average of $34.19. The firm has a market capitalization of $2.85 billion, a P/E ratio of -26.46 and a beta of 1.64. Appian has a twelve month low of $26.28 and a twelve month high of $43.33.

Appian (NASDAQ:APPN) last released its quarterly earnings data on Wednesday, February 19th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.11). The company had revenue of $166.70 million during the quarter, compared to the consensus estimate of $164.31 million. Appian had a negative net margin of 14.95% and a negative return on equity of 532.05%. The business’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.06 EPS. On average, analysts anticipate that Appian will post -0.31 EPS for the current fiscal year.

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.