Appian (APPN) Set to Announce Earnings on Thursday

Appian (NASDAQ:APPN – Get Rating) will be posting its quarterly earnings results after the market closes on Thursday, May 5th. Analysts expect Appian to post earnings of ($0.19) per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Appian (NASDAQ:APPN – Get Rating) last issued its quarterly earnings data on Thursday, February 17th. The company reported ($0.25) EPS for the quarter, beating the consensus estimate of ($0.29) by $0.04. The company had revenue of $104.99 million during the quarter, compared to analysts’ expectations of $95.28 million. Appian had a negative net margin of 24.00% and a negative return on equity of 27.17%. During the same quarter in the previous year, the company earned ($0.09) earnings per share. On average, analysts expect Appian to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Shares of NASDAQ:APPN opened at $47.80 on Thursday. The company has a 50 day moving average of $56.61 and a 200 day moving average of $67.03. The stock has a market cap of $3.40 billion, a P/E ratio of -38.24 and a beta of 1.70. Appian has a 12 month low of $46.85 and a 12 month high of $149.82.

Several equities analysts recently commented on APPN shares. The Goldman Sachs Group started coverage on shares of Appian in a research note on Wednesday. They set a “buy” rating and a $70.00 price objective for the company. Truist Financial reduced their price objective on shares of Appian from $100.00 to $65.00 in a research note on Friday, February 18th. Zacks Investment Research cut shares of Appian from a “buy” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley reaffirmed a “hold” rating and set a $60.00 price objective on shares of Appian in a research note on Friday, February 18th. Finally, Barclays dropped their target price on shares of Appian from $47.00 to $42.00 and set an “underweight” rating for the company in a research report on Tuesday, April 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $78.14.

In related news, major shareholder Abdiel Capital Management, Llc bought 126,350 shares of the company’s stock in a transaction on Tuesday, February 1st. The stock was acquired at an average cost of $58.34 per share, for a total transaction of $7,371,259.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders have acquired 444,850 shares of company stock valued at $23,982,184. 43.90% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Penserra Capital Management LLC lifted its holdings in shares of Appian by 60.3% in the 4th quarter. Penserra Capital Management LLC now owns 1,212 shares of the company’s stock worth $79,000 after acquiring an additional 456 shares during the last quarter. NEXT Financial Group Inc lifted its holdings in shares of Appian by 21.6% in the 4th quarter. NEXT Financial Group Inc now owns 4,337 shares of the company’s stock worth $283,000 after acquiring an additional 770 shares during the last quarter. Flagship Harbor Advisors LLC lifted its holdings in shares of Appian by 3.5% in the 4th quarter. Flagship Harbor Advisors LLC now owns 6,755 shares of the company’s stock worth $440,000 after acquiring an additional 229 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of Appian in the 4th quarter worth approximately $721,000. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of Appian by 37.6% in the 4th quarter. Cubist Systematic Strategies LLC now owns 29,096 shares of the company’s stock worth $1,897,000 after acquiring an additional 7,949 shares during the last quarter. Hedge funds and other institutional investors own 81.02% of the company’s stock.

Appian Company Profile (Get Rating)

Appian Corporation provides low-code automation platform in the United States and internationally. The company's platform automates the creation of forms, workflows, data structures, reports, user interfaces, and other software elements that are needed to be manually coded. The company also offers professional and customer support services.

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