Appian (APPN) Set to Announce Earnings on Thursday

Appian (NASDAQ:APPN) is scheduled to release its earnings data before the market opens on Thursday, November 7th. Analysts expect Appian to post earnings of ($0.09) per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Appian Stock Performance

NASDAQ:APPN opened at $36.82 on Tuesday. Appian has a one year low of $26.28 and a one year high of $42.17. The firm has a market cap of $2.66 billion, a P/E ratio of -24.71 and a beta of 1.57. The firm has a 50-day simple moving average of $32.68 and a 200-day simple moving average of $32.05.

Insider Activity at Appian

In other Appian news, major shareholder Abdiel Capital Advisors, Lp bought 150,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were acquired at an average cost of $27.11 per share, with a total value of $4,066,500.00. Following the acquisition, the insider now directly owns 8,255,847 shares of the company’s stock, valued at $223,816,012.17. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have bought a total of 1,044,276 shares of company stock valued at $31,165,851 over the last 90 days. 44.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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