FY2024 Earnings Forecast for Appian Issued By KeyCorp

Appian Co. (NASDAQ:APPN - Free Report) - KeyCorp issued their FY2024 EPS estimates for Appian in a report issued on Monday, January 13th. KeyCorp analyst D. Au expects that the company will post earnings per share of ($0.90) for the year. KeyCorp has a "Sector Weight" rating on the stock. The consensus estimate for Appian's current full-year earnings is ($0.89) per share. KeyCorp also issued estimates for Appian's Q4 2024 earnings at ($0.14) EPS, Q1 2025 earnings at ($0.08) EPS, Q2 2025 earnings at ($0.20) EPS, Q3 2025 earnings at ($0.06) EPS, Q4 2025 earnings at ($0.01) EPS, FY2025 earnings at ($0.34) EPS and FY2026 earnings at $0.11 EPS.

A number of other research analysts have also recently commented on APPN. Barclays raised their price target on Appian from $34.00 to $37.00 and gave the stock an "underweight" rating in a research report on Friday, December 6th. DA Davidson reissued a "neutral" rating and set a $33.00 target price on shares of Appian in a research note on Monday, October 14th. Finally, Scotiabank began coverage on shares of Appian in a research note 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 given a buy rating to the company. Based on data from MarketBeat, Appian currently has an average rating of "Hold" and an average target price of $40.17.

Appian Stock Performance

Shares of APPN stock traded up $0.34 during trading on Thursday, hitting $33.79. The company had a trading volume of 298,879 shares, compared to its average volume of 382,708. The firm has a market capitalization of $2.89 billion, a P/E ratio of -27.70 and a beta of 1.61. The stock's 50-day moving average price is $36.61 and its 200 day moving average price is $34.03. Appian has a one year low of $26.28 and a one year high of $43.33.

Institutional Trading of Appian

Several institutional investors have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted 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 worth $2,739,000 after buying an additional 491 shares during the period. The Manufacturers Life Insurance Company raised its position 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 acquiring an additional 686 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Appian in the third quarter worth approximately $29,000. Point72 Asia Singapore Pte. Ltd. boosted its holdings in Appian by 35.8% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,126 shares of the company's stock valued at $127,000 after acquiring an additional 1,088 shares during the last quarter. Finally, Rhumbline Advisers increased its position in Appian by 2.4% during the 2nd quarter. Rhumbline Advisers now owns 59,779 shares of the company's stock valued at $1,845,000 after purchasing an additional 1,386 shares during the period. Institutional investors own 52.70% of the company's stock.

Insider Activity

In other news, Director William D. Mccarthy sold 700 shares of the firm'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 completion of the transaction, the director now owns 7,966 shares of the company's stock, valued at approximately $308,921.48. This trade represents a 8.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.