Appian (NASDAQ:APPN) Upgraded at Zacks Research

Zacks Research upgraded shares of Appian (NASDAQ:APPN) from a hold rating to a strong-buy rating in a report published on Wednesday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on APPN. Weiss Ratings reissued a “sell (d-)” rating on shares of Appian in a research note on Monday, December 29th. Morgan Stanley set a $41.00 price objective on shares of Appian in a report on Friday, February 20th. UBS Group set a $21.00 price objective on shares of Appian in a report on Friday, February 20th. Wall Street Zen cut shares of Appian from a “strong-buy” rating to a “buy” rating in a report on Friday, January 23rd. Finally, TD Cowen decreased their price objective on shares of Appian from $35.00 to $30.00 and set a “hold” rating for the company in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $29.33.

Appian Price Performance

APPN opened at $22.15 on Wednesday. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 2,215.00 and a beta of 1.00. The firm has a 50 day simple moving average of $24.19 and a 200 day simple moving average of $30.42. Appian has a fifty-two week low of $19.89 and a fifty-two week high of $46.06.

Appian (NASDAQ:APPN) last posted its quarterly earnings results on Thursday, February 19th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. The business had revenue of $202.87 million during the quarter, compared to the consensus estimate of $189.33 million. Appian had a net margin of 0.17% and a negative return on equity of 11.83%. The firm’s revenue for the quarter was up 21.7% on a year-over-year basis. Appian has set its FY 2026 guidance at 0.820-0.960 EPS and its Q1 2026 guidance at 0.160-0.200 EPS. As a group, analysts expect that Appian will post 0.33 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of APPN. Wolf Hill Capital Management LP grew its holdings in Appian by 298.1% during the third quarter. Wolf Hill Capital Management LP now owns 995,210 shares of the company’s stock valued at $30,424,000 after purchasing an additional 745,210 shares during the period. Vanguard Group Inc. lifted its stake in Appian by 13.0% in the third quarter. Vanguard Group Inc. now owns 5,935,948 shares of the company’s stock valued at $181,462,000 after buying an additional 681,643 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Appian by 86.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,291,124 shares of the company’s stock valued at $39,470,000 after buying an additional 600,336 shares in the last quarter. Bank of America Corp DE lifted its stake in Appian by 182.7% in the second quarter. Bank of America Corp DE now owns 237,421 shares of the company’s stock valued at $7,089,000 after buying an additional 524,420 shares in the last quarter. Finally, Caption Management LLC lifted its stake in Appian by 127.3% in the second quarter. Caption Management LLC now owns 80,472 shares of the company’s stock valued at $2,403,000 after buying an additional 375,758 shares in the last quarter. Institutional investors and hedge funds own 52.70% of the company’s stock.

About Appian

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.