Appian (APPN) to Release Earnings on Thursday

Appian (NASDAQ:APPN) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect Appian to post earnings of ($0.09) per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Appian (NASDAQ:APPN) last announced its quarterly earnings results on Thursday, August 1st. The company reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.05. Appian had a negative return on equity of 532.05% and a negative net margin of 18.80%. The company had revenue of $146.50 million during the quarter, compared to the consensus estimate of $142.87 million. During the same period in the prior year, the company earned ($0.55) earnings per share. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. On average, analysts expect Appian to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Appian Price Performance

Shares of Appian stock opened at $35.30 on Thursday. The company has a market capitalization of $2.55 billion, a P/E ratio of -24.01 and a beta of 1.57. Appian has a 1 year low of $26.28 and a 1 year high of $42.99. The business has a 50-day moving average of $32.37 and a two-hundred day moving average of $32.07.

Insider Transactions at Appian

In other news, major shareholder Abdiel Capital Advisors, Lp bought 10,265 shares of the stock in a transaction on Tuesday, October 1st. The stock was acquired at an average price of $33.75 per share, with a total value of $346,443.75. Following the acquisition, the insider now directly owns 10,179,538 shares in the company, valued at approximately $343,559,407.50. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders acquired 1,044,276 shares of company stock valued at $31,165,851. Corporate insiders own 44.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. The Goldman Sachs Group reduced their price target on Appian from $47.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. DA Davidson reissued a “neutral” rating and set a $33.00 price target on shares of Appian in a research report on Monday, October 14th. William Blair cut Appian from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 1st. KeyCorp cut Appian from an “overweight” rating to a “sector weight” rating in a research report on Friday, August 2nd. Finally, Barclays reduced their price target on Appian from $32.00 to $29.00 and set an “underweight” rating for the company in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $39.20.

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.