Appian (APPN) to Release Earnings on Thursday

Appian (NASDAQ:APPN) will be posting its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect Appian to post earnings of ($0.15) per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Appian (NASDAQ:APPN) last posted its quarterly earnings data on Thursday, February 15th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.40) by $0.33. The business had revenue of $145.32 million for the quarter, compared to analysts’ expectations of $140.41 million. Appian had a negative return on equity of 127.40% and a negative net margin of 20.43%. On average, analysts expect Appian to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Appian Stock Performance

NASDAQ:APPN traded down $0.31 during trading on Tuesday, reaching $38.06. The company’s stock had a trading volume of 90,735 shares, compared to its average volume of 486,159. Appian has a 12 month low of $30.87 and a 12 month high of $54.26. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.68. The firm has a 50 day moving average of $36.64 and a 200-day moving average of $36.64.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on APPN shares. Barclays raised their price objective on shares of Appian from $35.00 to $36.00 and gave the stock an “underweight” rating in a report on Monday, April 15th. Citigroup raised their price target on shares of Appian from $48.00 to $52.00 and gave the stock a “neutral” rating in a research note on Friday, March 22nd. DA Davidson dropped their price objective on Appian from $55.00 to $52.00 and set a “buy” rating on the stock in a research note on Monday, March 4th. William Blair reissued an “outperform” rating on shares of Appian in a research report on Wednesday, March 20th. Finally, KeyCorp upped their price target on Appian from $45.00 to $50.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Appian currently has a consensus rating of “Moderate Buy” and an average target price of $48.86.

Insider Activity at Appian

In other Appian news, major shareholder Abdiel Capital Advisors, Lp sold 400,000 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $32.44, for a total value of $12,976,000.00. Following the completion of the transaction, the insider now owns 5,890,304 shares in the company, valued at approximately $191,081,461.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 43.60% of the stock is owned by company 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.