Appian (NASDAQ:APPN – Get Free Report) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.170-0.220 for the period, compared to the consensus estimate of 0.120. The company issued revenue guidance of $680.0 million-$684.0 million, compared to the consensus revenue estimate of $683.1 million. Appian also updated its FY25 guidance to $0.17-0.22 EPS.
Analysts Set New Price Targets
Several research firms have recently commented on APPN. KeyCorp reissued a “sector weight” rating on shares of Appian in a research note on Tuesday, January 14th. Scotiabank began coverage on Appian in a research note on Monday, January 6th. They issued a “sector perform” rating and a $37.00 target price for the company. Finally, Barclays lifted 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. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $40.17.
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Appian Trading Up 0.5 %
Appian (NASDAQ:APPN – Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.11). The company had revenue of $166.70 million during the quarter, compared to the consensus estimate of $164.31 million. Appian had a negative net margin of 14.95% and a negative return on equity of 532.05%. The company’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 earnings per share. On average, analysts forecast that Appian will post -0.31 earnings per share for the current year.
Insiders Place Their Bets
In other news, Director William D. Mccarthy sold 700 shares of Appian stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $38.78, for a total transaction of $27,146.00. Following the sale, 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 44.00% 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.
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