Appian (APPN) Expected to Announce Quarterly Earnings on Wednesday

Appian (NASDAQ:APPN) will likely be posting its quarterly earnings results before the market opens on Wednesday, February 19th. Analysts expect Appian to post earnings of ($0.01) per share and revenue of $164.31 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Appian Stock Performance

Shares of APPN opened at $31.65 on Monday. The stock has a 50 day simple moving average of $34.58 and a 200 day simple moving average of $34.03. Appian has a 52-week low of $26.28 and a 52-week high of $43.33. The firm has a market capitalization of $2.70 billion, a PE ratio of -25.94 and a beta of 1.64.

Insiders Place Their Bets

In other Appian news, Director William D. Mccarthy sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $38.78, for a total transaction of $27,146.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 44.00% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.