Appian (APPN) to Release Earnings on Wednesday

Appian (NASDAQ:APPN - Get Free Report) will likely be issuing its quarterly earnings data before the market opens on Wednesday, February 19th. Analysts expect the company to announce earnings of ($0.01) per share and revenue of $164.31 million for the quarter. Parties that are interested in registering for the company's conference call can do so using this link.

Appian Trading Down 5.5 %

APPN traded down $1.84 during mid-day trading on Friday, hitting $31.65. 565,512 shares of the stock were exchanged, compared to its average volume of 340,731. The firm's fifty day moving average is $34.58 and its two-hundred day moving average is $34.03. Appian has a 1-year low of $26.28 and a 1-year high of $43.33. The company has a market cap of $2.70 billion, a PE ratio of -25.94 and a beta of 1.64.

Wall Street Analysts Forecast Growth

APPN has been the topic of several recent research reports. KeyCorp restated a "sector weight" rating on shares of Appian in a report on Tuesday, January 14th. Barclays upped 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, Scotiabank initiated coverage on Appian in a report on Monday, January 6th. They set 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 stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $40.17.

Insider Activity

In related news, Director William D. Mccarthy sold 700 shares of the firm's stock in a transaction that occurred on Tuesday, December 3rd. The stock was 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 $308,921.48. This trade represents a 8.08 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 44.00% 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.