FY2024 Earnings Estimate for Appian Issued By KeyCorp

Appian Co. (NASDAQ:APPN) – Stock analysts at KeyCorp issued their FY2024 earnings estimates for shares of Appian in a research report issued to clients and investors on Monday, January 13th. KeyCorp analyst D. Au forecasts that the company will post earnings of ($0.90) per share 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.

APPN has been the subject of a number of other reports. DA Davidson restated a “neutral” rating and set a $33.00 price target on shares of Appian in a research note on Monday, October 14th. Barclays lifted their price target on shares of Appian from $34.00 to $37.00 and gave the stock an “underweight” rating in a research note on Friday, December 6th. Finally, Scotiabank assumed coverage on Appian in a report on Monday, January 6th. They issued a “sector perform” rating and a $37.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $40.17.

Appian Price Performance

Shares of APPN opened at $33.45 on Thursday. Appian has a one year low of $26.28 and a one year high of $43.33. The business has a fifty day moving average of $36.75 and a 200 day moving average of $34.04. The firm has a market capitalization of $2.86 billion, a P/E ratio of -27.42 and a beta of 1.61.

Insider Buying and Selling at Appian

In related 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 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 is accessible through this link. Insiders own 44.00% of the company’s stock.

Hedge Funds Weigh In On Appian

Institutional investors and hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC purchased a new position in Appian in the 3rd quarter worth about $29,000. Canada Pension Plan Investment Board bought a new stake in shares of Appian during the second quarter valued at approximately $96,000. Point72 Hong Kong Ltd purchased a new stake in shares of Appian in the second quarter valued at approximately $121,000. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of 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 purchasing an additional 1,088 shares during the period. Finally, FMR LLC grew its stake in Appian by 199.4% in the third quarter. FMR LLC now owns 5,935 shares of the company’s stock worth $203,000 after purchasing an additional 3,953 shares in the last quarter. Hedge funds and other institutional investors own 52.70% of the company’s stock.

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.