Appian Corp (APPN) Stocks Experience Steady decrease to Close at $36.52

Appian Corp (NASDAQ: APPN) closed the day trading at $36.52 down -3.87% from the previous closing price of $37.99. On the day, 792073 shares were traded.

Ratios:

For a better understanding of APPN, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.02 and its Current Ratio is at 1.02. In the meantime, Its Debt-to-Equity ratio is 5.30 whereas as Long-Term Debt/Eq ratio is at 3.81.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Citigroup on January 11, 2024, Upgraded its rating to Buy and sets its target price to $45 from $47 previously.

On November 07, 2023, DA Davidson Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $50 to $55.

On June 06, 2023, DA Davidson started tracking the stock assigning a Neutral rating and target price of $40.DA Davidson initiated its Neutral rating on June 06, 2023, with a $40 target price.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 21 ’24 when Abdiel Capital Advisors, LP sold 400,000 shares for $32.44 per share. The transaction valued at 12,976,000 led to the insider holds 5,890,304 shares of the business.

Abdiel Capital Advisors, LP sold 248,000 shares of APPN for $8,283,680 on Jan 04 ’24. The 10% Owner now owns 6,290,304 shares after completing the transaction at $33.40 per share. On Jan 03 ’24, another insider, Abdiel Capital Advisors, LP, who serves as the 10% Owner of the company, sold 29,126 shares for $33.57 each. As a result, the insider received 977,710 and left with 6,538,304 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 4.92 while its Price-to-Book (P/B) ratio in mrq is 51.19.

Stock Price History:

Over the past 52 weeks, APPN has reached a high of $54.26, while it has fallen to a 52-week low of $30.87.

Shares Statistics:

A total of 42.17M shares are outstanding, with a floating share count of 41.03M. Insiders hold about 44.10% of the company’s shares, while institutions hold 43.71% stake in the company.

Earnings Estimates

Current recommendations for the stock of the company come from 8 analysts. On average, analysts expect EPS of -$0.17 for the current quarter, with a high estimate of -$0.16 and a low estimate of -$0.2, while EPS last year was -$0.27. The consensus estimate for the next quarter is -$0.28, with high estimates of -$0.19 and low estimates of -$0.32.

Analysts are recommending an EPS of between -$0.65 and -$0.71 for the fiscal current year, implying an average EPS of -$0.68. EPS for the following year is -$0.13, with 8 analysts recommending between $0.06 and -$0.42.

Revenue Estimates

8 analysts predict $149.45M in revenue for the current quarter. It ranges from a high estimate of $150.29M to a low estimate of $148.63M. As of the current estimate, Appian Corp’s year-ago sales were $135.24M, an estimated increase of 10.50% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $145M, an increase of 16.70% over than the figure of $10.50% in the same quarter last year. There is a high estimate of $147.73M for the next quarter, whereas the lowest estimate is $143.17M.

A total of 10 analysts have provided revenue estimates for APPN’s current fiscal year. The highest revenue estimate was $617.13M, while the lowest revenue estimate was $613.16M, resulting in an average revenue estimate of $615.64M. In the same quarter a year ago, actual revenue was $545.36M, up 12.90% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $704.39M in the next fiscal year. The high estimate is $718.16M and the low estimate is $688.6M. The average revenue growth estimate for next year is up 14.40% from the average revenue estimate for this year.

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