Appian (NASDAQ:APPN) Issues Earnings Results

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

Appian Trading Down 3.7 %

APPN traded down $1.29 on Friday, hitting $33.34. 729,414 shares of the company's stock traded hands, compared to its average volume of 497,311. The company's 50 day simple moving average is $34.13 and its 200-day simple moving average is $34.10. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of -26.46 and a beta of 1.64. Appian has a one year low of $26.28 and a one year high of $43.33.

Insider Activity at Appian

In other Appian news, Director William D. Mccarthy sold 700 shares of Appian stock in a transaction that occurred 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 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 44.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

APPN has been the topic of several recent research reports. Barclays raised their price objective on Appian from $34.00 to $37.00 and gave the stock an "underweight" rating in a research note on Friday, December 6th. KeyCorp reaffirmed a "sector weight" rating on shares of Appian in a research note on Tuesday, January 14th. Finally, Scotiabank initiated coverage on Appian in a research note on Monday, January 6th. They issued a "sector perform" rating and a $37.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Appian currently has a consensus rating of "Hold" and a consensus price target 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.