What is DA Davidson's Forecast for Appian Q1 Earnings?

Appian Co. (NASDAQ:APPN - Free Report) - Research analysts at DA Davidson issued their Q1 2025 earnings estimates for shares of Appian in a report released on Thursday, February 20th. DA Davidson analyst G. Luria anticipates that the company will post earnings per share of ($0.10) 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 - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.11). Appian had a negative net margin of 14.95% and a negative return on equity of 532.05%. The company had revenue of $166.70 million during the quarter, compared to analyst estimates of $164.31 million. During the same quarter in the previous year, the business posted $0.06 earnings per share. The company's revenue for the quarter was up 14.7% on a year-over-year basis.

Other research analysts have also issued research reports about the stock. Barclays raised their price target on shares of Appian from $34.00 to $37.00 and gave the stock an "underweight" rating in a report on Friday, December 6th. KeyCorp restated a "sector weight" rating on shares of Appian in a report on Tuesday, January 14th. Finally, Scotiabank started coverage on shares of Appian in a report on Monday, January 6th. They set a "sector perform" rating and a $37.00 price target for the company. One equities 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 data from MarketBeat, Appian currently has an average rating of "Hold" and an average price target of $40.17.

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Appian Trading Down 1.9 %

NASDAQ:APPN traded down $0.62 during mid-day trading on Monday, hitting $32.39. 304,907 shares of the company's stock were exchanged, compared to its average volume of 477,838. The company has a 50 day simple moving average of $33.92 and a 200-day simple moving average of $34.25. Appian has a fifty-two week low of $26.28 and a fifty-two week high of $43.33. The firm has a market capitalization of $2.77 billion, a P/E ratio of -25.71 and a beta of 1.64.

Hedge Funds Weigh In On Appian

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC raised its position in shares of Appian by 285.9% in the 3rd quarter. Barclays PLC now owns 71,771 shares of the company's stock worth $2,451,000 after purchasing an additional 53,172 shares during the last quarter. Abdiel Capital Advisors LP grew its stake in shares of Appian by 72.6% during the 3rd quarter. Abdiel Capital Advisors LP now owns 10,169,273 shares of the company's stock valued at $347,179,000 after purchasing an additional 4,278,969 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Appian by 282.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 134,274 shares of the company's stock valued at $4,584,000 after acquiring an additional 99,198 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Appian by 88.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 70,639 shares of the company's stock valued at $2,412,000 after acquiring an additional 33,232 shares during the period. Finally, Holocene Advisors LP grew its stake in shares of Appian by 33.2% during the 3rd quarter. Holocene Advisors LP now owns 75,097 shares of the company's stock valued at $2,564,000 after acquiring an additional 18,729 shares during the period. Hedge funds and other institutional investors own 52.70% of the company's stock.

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 shares were sold at an average price of $38.78, for a total transaction of $27,146.00. Following the transaction, the director now directly 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 SEC, which can be accessed through this hyperlink. Also, Director Albert G.W. Biddle III sold 990 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $33.21, for a total transaction of $32,877.90. Following the completion of the transaction, 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 disclosure for this sale can be found here. 44.00% of the stock is owned by company insiders.

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.