FY2024 Earnings Estimate for Appian Issued By KeyCorp

Appian Co. (NASDAQ:APPN) – Analysts at KeyCorp issued their FY2024 earnings per share estimates for Appian in a report issued on Monday, January 13th. KeyCorp analyst D. Au forecasts that the company will post earnings of ($0.90) per share for the year. KeyCorp has a “Sector Weight” rating on the stock. The consensus estimate for Appian’s current full-year earnings is ($0.89) per share. KeyCorp also issued estimates for Appian’s Q4 2024 earnings at ($0.14) EPS, Q1 2025 earnings at ($0.08) EPS, Q2 2025 earnings at ($0.20) EPS, Q3 2025 earnings at ($0.06) EPS, Q4 2025 earnings at ($0.01) EPS, FY2025 earnings at ($0.34) EPS and FY2026 earnings at $0.11 EPS.

A number of other equities analysts have also recently weighed in on the company. Scotiabank began coverage on Appian in a report on Monday, January 6th. They issued a “sector perform” rating and a $37.00 price target for the company. Barclays boosted their price target on Appian from $34.00 to $37.00 and gave the stock an “underweight” rating in a report on Friday, December 6th. Finally, DA Davidson reissued a “neutral” rating and issued a $33.00 price target on shares of Appian in a report on Monday, October 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Appian presently has a consensus rating of “Hold” and a consensus target price of $40.17.

Appian Stock Up 1.0 %

NASDAQ APPN opened at $33.79 on Thursday. Appian has a fifty-two week low of $26.28 and a fifty-two week high of $43.33. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of -27.70 and a beta of 1.61. The business has a fifty day moving average of $36.61 and a 200-day moving average of $34.03.

Insider Activity

In other news, Director William D. Mccarthy sold 700 shares of Appian stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $38.78, for a total value of $27,146.00. Following the completion of the sale, the director now owns 7,966 shares of the company’s stock, valued at $308,921.48. The trade was a 8.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 44.00% of the company’s stock.

Institutional Investors Weigh In On Appian

A number of institutional investors have recently added to or reduced their stakes in APPN. Allspring Global Investments Holdings LLC purchased a new stake in Appian during the third quarter valued at about $29,000. Canada Pension Plan Investment Board purchased a new stake in Appian during the second quarter valued at about $96,000. Point72 Hong Kong Ltd purchased a new stake in Appian during the second quarter valued at about $121,000. Point72 Asia Singapore Pte. Ltd. grew its position in Appian by 35.8% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,126 shares of the company’s stock valued at $127,000 after acquiring an additional 1,088 shares during the period. Finally, FMR LLC grew its position in Appian by 199.4% during the third quarter. FMR LLC now owns 5,935 shares of the company’s stock valued at $203,000 after acquiring an additional 3,953 shares during the period. Hedge funds and other institutional investors own 52.70% of the company’s stock.

Appian Company Profile

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.