Appian (APPN) to Release Earnings on Thursday

Appian (NASDAQ:APPN) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, February 22nd. Analysts expect Appian to post earnings of ($0.18) per share for the quarter.

Shares of Appian (APPN) opened at $30.44 on Tuesday. Appian has a fifty-two week low of $14.60 and a fifty-two week high of $43.26.

In other Appian news, major shareholder Qualified Master Fund L. Abdiel bought 171,523 shares of Appian stock in a transaction on Wednesday, November 29th. The stock was bought at an average price of $21.24 per share, with a total value of $3,643,148.52. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Qualified Master Fund L. Abdiel bought 17,473 shares of Appian stock in a transaction on Friday, December 15th. The stock was acquired at an average cost of $20.14 per share, with a total value of $351,906.22. The disclosure for this purchase can be found here. In the last three months, insiders acquired 512,543 shares of company stock valued at $10,557,263.

Several equities research analysts recently weighed in on the company. Barclays downgraded Appian from an “equal weight” rating to an “underweight” rating and set a $26.00 price target for the company. in a report on Monday, January 8th. SunTrust Banks downgraded Appian from a “buy” rating to a “hold” rating and set a $28.00 price target for the company. in a report on Monday, January 8th. BidaskClub raised Appian from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 6th. Goldman Sachs Group downgraded Appian from a “neutral” rating to a “sell” rating and set a $17.00 price target for the company. in a report on Thursday, January 18th. Finally, William Blair downgraded Appian from an “outperform” rating to a “market perform” rating in a report on Friday, January 19th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. Appian currently has an average rating of “Hold” and a consensus target price of $23.57.

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Appian Company Profile

Appian Corporation provides a low-code software development platform as a service that enables organizations to develop applications. Through Company’s platform, organizations can design, build and implement, enterprise-grade custom applications. Decision makers can reimagine their products, services, processes and customer interactions.

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