DA Davidson Issues Pessimistic Estimate for Appian Earnings

Appian Co. (NASDAQ:APPN) – Equities research analysts at DA Davidson cut their FY2026 earnings per share (EPS) estimates for shares of Appian in a report released on Tuesday, April 15th. DA Davidson analyst G. Luria now expects that the company will post earnings of $0.01 per share for the year, down from their previous forecast of $0.07. DA Davidson currently has a “Neutral” rating and a $28.00 target price on the stock. The consensus estimate for Appian’s current full-year earnings is ($0.28) per share.

Appian (NASDAQ:APPN) last announced its earnings results 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 firm had revenue of $166.70 million during the quarter, compared to analyst estimates of $164.31 million. Appian had a negative net margin of 14.95% and a negative return on equity of 532.05%. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.06 EPS.

Other equities research analysts have also issued reports about the company. Morgan Stanley dropped their price target on Appian from $35.00 to $27.00 and set an “equal weight” rating for the company in a research note on Wednesday. KeyCorp reiterated a “sector weight” rating on shares of Appian in a research note on Tuesday, January 14th. Finally, Scotiabank started coverage on shares of Appian in a research report on Monday, January 6th. They issued a “sector perform” rating and a $37.00 price objective for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $35.17.

Appian Stock Performance

Shares of APPN stock opened at $26.56 on Wednesday. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of -21.08 and a beta of 1.78. The company has a 50 day moving average price of $30.34 and a 200 day moving average price of $33.54. Appian has a one year low of $24.00 and a one year high of $43.33.

Insider Activity

In other Appian news, major shareholder Abdiel Capital Advisors, Lp sold 5,103 shares of Appian stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $27.02, for a total transaction of $137,883.06. Following the sale, the insider now owns 9,755,116 shares of the company’s stock, valued at $263,583,234.32. The trade was a 0.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Albert G.W. Biddle III sold 990 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $33.21, for a total transaction of $32,877.90. Following the completion of the sale, the director now directly owns 29,348 shares of the company’s stock, valued at approximately $974,647.08. This represents a 3.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 240,510 shares of company stock valued at $6,648,635. Company insiders own 44.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Appian by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 5,028,472 shares of the company’s stock valued at $165,839,000 after purchasing an additional 23,890 shares in the last quarter. Lead Edge Capital Management LLC raised its stake in shares of Appian by 5.7% in the 4th quarter. Lead Edge Capital Management LLC now owns 1,528,085 shares of the company’s stock valued at $50,396,000 after acquiring an additional 83,000 shares in the last quarter. First Trust Advisors LP lifted its holdings in Appian by 7.1% in the 4th quarter. First Trust Advisors LP now owns 1,263,405 shares of the company’s stock worth $41,667,000 after purchasing an additional 83,708 shares during the last quarter. Geode Capital Management LLC boosted its position in Appian by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 972,203 shares of the company’s stock worth $32,071,000 after purchasing an additional 14,710 shares during the period. Finally, D. E. Shaw & Co. Inc. grew its holdings in Appian by 19.2% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 658,654 shares of the company’s stock valued at $21,722,000 after purchasing an additional 106,023 shares during the last quarter. 52.70% of the stock is owned by hedge funds and other institutional investors.

Appian Company Profile

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.