Appian (NASDAQ:APPN) Releases Quarterly Earnings Results

Appian (NASDAQ:APPN) released its quarterly earnings data 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 net margin of 14.88% and a negative return on equity of 532.05%. Appian updated its FY 2025 guidance to 0.170-0.220 EPS and its Q1 2025 guidance to 0.020-0.050 EPS.

Appian Stock Performance

Shares of Appian stock opened at $32.04 on Wednesday. The firm has a 50-day moving average of $34.31 and a 200-day moving average of $34.04. The stock has a market cap of $2.74 billion, a PE ratio of -26.26 and a beta of 1.64. Appian has a 52-week low of $26.28 and a 52-week high of $43.33.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Scotiabank assumed coverage on shares of Appian in a report on Monday, January 6th. They issued a “sector perform” rating and a $37.00 price objective on the stock. Barclays upped their price objective on shares of Appian from $34.00 to $37.00 and gave the company an “underweight” rating in a report on Friday, December 6th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Appian in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $40.17.

Insider Activity

In related news, Director William D. Mccarthy sold 700 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $38.78, for a total transaction of $27,146.00. Following the completion of the sale, the director now owns 7,966 shares of the company’s stock, valued at $308,921.48. This represents a 8.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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.