DA Davidson Has Negative Estimate for Appian FY2025 Earnings

Appian Co. (NASDAQ:APPN) – DA Davidson cut their FY2025 earnings per share estimates for Appian in a report issued on Tuesday, April 15th. DA Davidson analyst G. Luria now anticipates that the company will earn ($0.27) per share for the year, down from their previous forecast of ($0.25). DA Davidson currently 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 issued its quarterly earnings data on Wednesday, February 19th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.11). Appian had a negative return on equity of 532.05% and a negative net margin of 14.95%. The company had revenue of $166.70 million for the quarter, compared to analysts’ expectations of $164.31 million. During the same period last year, the company posted $0.06 EPS. 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. 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 report on Wednesday. Scotiabank started coverage on shares of Appian in a report on Monday, January 6th. They issued a “sector perform” rating and a $37.00 price target on the stock. Finally, KeyCorp reiterated a “sector weight” rating on shares of Appian in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Appian has a consensus rating of “Hold” and a consensus target price of $35.17.

Appian Stock Performance

Shares of APPN stock opened at $26.56 on Thursday. The company has a market capitalization of $1.97 billion, a PE ratio of -21.08 and a beta of 1.78. Appian has a 52-week low of $24.00 and a 52-week high of $43.33. The business’s fifty day moving average is $30.34 and its 200 day moving average is $33.54.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Appian by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 5,028,472 shares of the company’s stock worth $165,839,000 after acquiring an additional 23,890 shares during the last quarter. Lead Edge Capital Management LLC increased its holdings in Appian by 5.7% during 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 purchasing an additional 83,000 shares during the period. 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 buying an additional 83,708 shares during the period. Geode Capital Management LLC grew its position in shares of Appian by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 972,203 shares of the company’s stock worth $32,071,000 after buying an additional 14,710 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. increased its stake in shares of 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 buying an additional 106,023 shares during the period. 52.70% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Appian

In related news, major shareholder Abdiel Capital Advisors, Lp sold 78,528 shares of the firm’s stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $26.49, for a total transaction of $2,080,206.72. Following the transaction, the insider now directly owns 9,942,140 shares in the company, valued at $263,367,288.60. This trade represents a 0.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Albert G.W. Biddle III sold 990 shares of Appian stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $33.21, for a total value of $32,877.90. Following the completion of the transaction, the director now directly owns 29,348 shares in the company, valued at $974,647.08. This trade represents a 3.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 240,510 shares of company stock worth $6,648,635. 44.00% of the stock is currently owned by 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.