Appian (NASDAQ:APPN) Cut to Hold at Zacks Research

Zacks Research cut shares of Appian (NASDAQ:APPN) from a strong-buy rating to a hold rating in a report released on Tuesday morning,Zacks.com reports.

Several other equities research analysts also recently weighed in on the company. Barclays cut their price target on Appian from $34.00 to $21.00 and set an “underweight” rating on the stock in a report on Friday, February 20th. Citigroup lowered their price objective on Appian from $48.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, February 20th. TD Cowen cut their target price on shares of Appian from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Friday, February 20th. Morgan Stanley set a $41.00 target price on shares of Appian in a report on Friday, February 20th. Finally, DA Davidson set a $25.00 price target on shares of Appian in a research note on Friday, February 20th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $30.00.

Appian Stock Up 0.3%

Shares of APPN opened at $24.00 on Tuesday. The company has a market cap of $1.78 billion, a P/E ratio of 2,400.00 and a beta of 0.92. Appian has a fifty-two week low of $21.77 and a fifty-two week high of $46.06. The firm’s 50 day moving average price is $26.13 and its 200 day moving average price is $31.73.

Appian (NASDAQ:APPN) last issued its quarterly earnings results on Thursday, February 19th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.11 by $0.04. Appian had a net margin of 0.17% and a negative return on equity of 11.83%. The company had revenue of $202.87 million during the quarter, compared to analysts’ expectations of $189.33 million. The business’s quarterly revenue was up 21.7% compared to the same quarter last year. Appian has set its FY 2026 guidance at 0.820-0.960 EPS and its Q1 2026 guidance at 0.160-0.200 EPS. Research analysts forecast that Appian will post -0.28 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Virtu Financial LLC acquired a new stake in shares of Appian during the 4th quarter worth about $408,000. Invesco Ltd. boosted its holdings in Appian by 13.2% in the fourth quarter. Invesco Ltd. now owns 47,737 shares of the company’s stock valued at $1,691,000 after purchasing an additional 5,560 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its stake in Appian by 26.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 15,191 shares of the company’s stock valued at $538,000 after purchasing an additional 3,198 shares during the last quarter. XTX Topco Ltd increased its stake in Appian by 75.2% in the fourth quarter. XTX Topco Ltd now owns 20,453 shares of the company’s stock valued at $724,000 after purchasing an additional 8,782 shares during the last quarter. Finally, Zacks Investment Management raised its holdings in Appian by 176.6% during the fourth quarter. Zacks Investment Management now owns 32,363 shares of the company’s stock worth $1,146,000 after purchasing an additional 20,663 shares in the last quarter. Hedge funds and other institutional investors own 52.70% of the company’s stock.

Appian Company Profile

Appian Corporation is a global technology company specializing in low-code automation platforms designed to streamline business processes. Founded in 1999 by Matt Calkins, the company provides an integrated suite of tools that enables organizations to build enterprise applications and workflows rapidly with minimal hand coding. The platform combines process management, robotic process automation (RPA), artificial intelligence (AI) capabilities and data integration into a single environment, allowing businesses to accelerate digital transformation initiatives.

The core offering, the Appian Low-Code Platform, empowers users—ranging from professional developers to business analysts—to visually model, design and deploy applications that can automate complex operations, orchestrate tasks across systems, and deliver real-time analytics.