What is DA Davidson’s Forecast for Appian FY2025 Earnings?

Appian Co. (NASDAQ:APPN) – Research analysts at DA Davidson decreased their FY2025 earnings per share estimates for Appian in a note issued to investors on Tuesday, April 15th. DA Davidson analyst G. Luria now expects that the company will earn ($0.27) per share for the year, down from their previous estimate of ($0.25). DA Davidson has a “Neutral” rating and a $28.00 price objective on the stock. The consensus estimate for Appian’s current full-year earnings is ($0.28) per share.

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). Appian had a negative net margin of 14.95% and a negative return on equity of 532.05%. The firm had revenue of $166.70 million during the quarter, compared to analysts’ expectations of $164.31 million. During the same period in the previous year, the business earned $0.06 earnings per share. The business’s revenue for the quarter was up 14.7% on a year-over-year basis.

APPN has been the subject of a number of other research reports. Scotiabank began coverage on Appian in a research report on Monday, January 6th. They set a “sector perform” rating and a $37.00 price objective for the company. KeyCorp restated a “sector weight” rating on shares of Appian in a report on Tuesday, January 14th. Finally, Morgan Stanley cut their price target on shares of Appian from $35.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Appian has an average rating of “Hold” and an average target price of $35.17.

Appian Trading Down 1.3 %

NASDAQ:APPN opened at $26.56 on Thursday. The firm has a 50-day moving average price of $30.20 and a two-hundred day moving average price of $33.50. The company has a market capitalization of $1.97 billion, a P/E ratio of -21.08 and a beta of 1.78. Appian has a twelve month low of $24.00 and a twelve month high of $43.33.

Insiders Place Their Bets

In related news, Director Albert G.W. Biddle III sold 990 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were 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 trade represents a 3.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Abdiel Capital Advisors, Lp sold 78,528 shares of Appian stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $26.49, for a total value of $2,080,206.72. Following the sale, the insider now directly owns 9,942,140 shares in the company, valued at approximately $263,367,288.60. The trade was a 0.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 240,510 shares of company stock worth $6,648,635 over the last ninety days. 44.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Appian

Institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC increased its position in shares of Appian by 199.4% in the 3rd quarter. FMR LLC now owns 5,935 shares of the company’s stock worth $203,000 after purchasing an additional 3,953 shares during the last quarter. Barclays PLC grew its position in shares of Appian by 285.9% during the 3rd quarter. Barclays PLC now owns 71,771 shares of the company’s stock valued at $2,451,000 after buying an additional 53,172 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Appian by 0.6% during the third quarter. Geode Capital Management LLC now owns 957,493 shares of the company’s stock valued at $32,695,000 after purchasing an additional 5,772 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in Appian by 18.3% in the fourth quarter. Chicago Partners Investment Group LLC now owns 31,127 shares of the company’s stock worth $1,081,000 after buying an additional 4,813 shares during the period. Finally, Entropy Technologies LP acquired a new stake in shares of Appian in the 4th quarter worth about $208,000. 52.70% of the stock is currently 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.