Appian (NASDAQ:APPN) Releases Q4 2021 Earnings Guidance

Appian (NASDAQ:APPN) issued an update on its fourth quarter 2021 earnings guidance on Thursday morning. The company provided EPS guidance of $-0.240-$-0.210 for the period, compared to the Thomson Reuters consensus EPS estimate of $-0.180. The company issued revenue guidance of $95 million-$95.50 million, compared to the consensus revenue estimate of $94.15 million.Appian also updated its FY 2021 guidance to $-0.750-$-0.730 EPS.

APPN stock traded up $2.95 during trading on Thursday, hitting $75.95. The company had a trading volume of 602,283 shares, compared to its average volume of 813,516. The firm has a market capitalization of $5.41 billion, a price-to-earnings ratio of -77.50 and a beta of 1.73. The business has a 50 day moving average of $92.87 and a 200 day moving average of $103.87. Appian has a fifty-two week low of $69.79 and a fifty-two week high of $260.00.

Appian (NASDAQ:APPN) last posted its quarterly earnings data on Thursday, November 4th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.03). The company had revenue of $92.42 million during the quarter, compared to analyst estimates of $91.06 million. Appian had a negative return on equity of 21.63% and a negative net margin of 20.00%. The business’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.05) EPS. As a group, equities analysts predict that Appian will post -1.03 EPS for the current fiscal year.

APPN has been the topic of several recent analyst reports. Barclays boosted their price objective on Appian from $77.00 to $90.00 and gave the stock an underweight rating in a report on Friday, September 17th. They noted that the move was a valuation call. Truist Securities upgraded Appian from a hold rating to a buy rating and upped their target price for the company from $105.00 to $116.00 in a report on Monday, November 8th. Needham & Company LLC dropped their target price on Appian from $186.00 to $170.00 and set a buy rating on the stock in a report on Friday, November 5th. Truist upgraded Appian from a hold rating to a buy rating and upped their target price for the company from $105.00 to $116.00 in a report on Monday, November 8th. Finally, Zacks Investment Research downgraded Appian from a hold rating to a sell rating in a report on Friday, November 12th. Three analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $120.43.

In other Appian news, CFO Mark Steven Lynch sold 5,065 shares of the company’s stock in a transaction that occurred on Monday, November 8th. The stock was sold at an average price of $96.81, for a total transaction of $490,342.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Christopher Winters sold 4,005 shares of the stock in a transaction that occurred on Monday, November 8th. The shares were sold at an average price of $96.85, for a total value of $387,884.25. The disclosure for this sale can be found here. In the last three months, insiders sold 12,120 shares of company stock valued at $1,173,619. 43.90% of the stock is currently owned by company insiders.

An institutional investor recently raised its position in Appian stock. Bank of New York Mellon Corp grew its holdings in Appian Co. (NASDAQ:APPN) by 6.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 156,432 shares of the company’s stock after acquiring an additional 8,925 shares during the quarter. Bank of New York Mellon Corp owned 0.22% of Appian worth $14,472,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 38.33% of the company’s stock.

Appian Company Profile

Appian Corp. provides business process management (BPM) solutions. Its BPM tools automate and measures business processes. The firm’s products include BPM software, case management, mobile application development, and platform-as-a-service. The company was founded by Matt Calkins, Robert C. Kramer, Marc Wilson, and Michael Beckley in 1999 and is headquartered in Reston, VA.

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