Appian (NASDAQ:APPN) Issues Earnings Results

Appian (NASDAQ:APPN) posted its earnings results on Wednesday. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.11), Zacks reports. Appian had a negative return on equity of 532.05% and a negative net margin of 14.95%. The business had revenue of $166.70 million for the quarter, compared to the consensus estimate of $164.31 million. During the same period in the previous year, the firm earned $0.06 earnings per share. The company’s revenue was up 14.7% compared to the same quarter last year.

Appian Stock Performance

APPN opened at $34.63 on Friday. The company’s fifty day moving average price is $34.20 and its two-hundred day moving average price is $34.06. Appian has a 1-year low of $26.28 and a 1-year high of $43.33.

Insiders Place Their Bets

In other Appian news, Director William D. Mccarthy sold 700 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $38.78, for a total transaction of $27,146.00. Following the transaction, the director now owns 7,966 shares in the company, valued at approximately $308,921.48. This represents a 8.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 44.00% of the company’s stock.

Wall Street Analyst Weigh In

APPN has been the topic of a number of analyst reports. KeyCorp reaffirmed a “sector weight” rating on shares of Appian in a research note on Tuesday, January 14th. Barclays upped their price objective on shares of Appian from $34.00 to $37.00 and gave the company an “underweight” rating in a research note on Friday, December 6th. Finally, Scotiabank assumed coverage on shares of Appian in a research report on Monday, January 6th. They set a “sector perform” rating and a $37.00 target price on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $40.17.

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.