DA Davidson Estimates Appian’s Q1 Earnings (NASDAQ:APPN)

Appian Co. (NASDAQ:APPN) – Equities research analysts at DA Davidson issued their Q1 2025 EPS estimates for Appian in a research report issued to clients and investors on Thursday, February 20th. DA Davidson analyst G. Luria forecasts that the company will post earnings of ($0.10) per share for the quarter. The consensus estimate for Appian’s current full-year earnings is ($0.28) per share. DA Davidson also issued estimates for Appian’s FY2025 earnings at ($0.25) EPS and FY2026 earnings at $0.07 EPS.

Appian (NASDAQ:APPN) last issued its quarterly earnings results on Wednesday, February 19th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.11). The company had revenue of $166.70 million during the quarter, compared to the consensus estimate of $164.31 million. Appian had a negative net margin of 14.95% and a negative return on equity of 532.05%. The company’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 earnings per share.

Several other research firms have also recently weighed in on APPN. KeyCorp restated a “sector weight” rating on shares of Appian in a research note on Tuesday, January 14th. Barclays raised their target price on Appian from $34.00 to $37.00 and gave the stock an “underweight” rating in a research report on Friday, December 6th. Finally, Scotiabank initiated coverage on shares of Appian in a research report on Monday, January 6th. They issued a “sector perform” rating and a $37.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $40.17.

Appian Stock Up 0.4 %

APPN opened at $33.37 on Monday. Appian has a twelve month low of $26.28 and a twelve month high of $43.33. The company has a 50-day simple moving average of $33.96 and a 200 day simple moving average of $34.26. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of -26.48 and a beta of 1.64.

Institutional Investors Weigh In On Appian

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. increased its stake in shares of Appian by 5.1% during the 4th quarter. Oppenheimer & Co. Inc. now owns 8,200 shares of the company’s stock worth $270,000 after purchasing an additional 400 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Appian by 0.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 80,242 shares of the company’s stock valued at $2,739,000 after buying an additional 491 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in Appian by 27.8% during the fourth quarter. Canada Pension Plan Investment Board now owns 2,300 shares of the company’s stock valued at $76,000 after buying an additional 500 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Appian by 3.3% during the third quarter. The Manufacturers Life Insurance Company now owns 21,688 shares of the company’s stock worth $740,000 after purchasing an additional 686 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in Appian during the third quarter valued at approximately $29,000. Hedge funds and other institutional investors own 52.70% of the company’s stock.

Insider Activity

In related news, Director Albert G.W. Biddle III sold 990 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $33.21, for a total value of $32,877.90. Following the sale, the director now owns 29,348 shares in the company, valued at $974,647.08. This represents a 3.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William D. Mccarthy sold 700 shares of the stock in a transaction on Tuesday, December 3rd. The shares were 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 directly 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 disclosure for this sale can be found here. Company insiders own 44.00% of the company’s stock.

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.