Appian downgraded by SMBC Nikko with a new price target
$APPN
Computer Software: Prepackaged Software
Technology
SMBC Nikko downgraded Appian from Neutral to Underperform and set a new price target of $23.00 from $37.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/2/2024 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 8/1/2024 | Outperform → Mkt Perform | William Blair | |
| 7/31/2024 | $37.00 → $33.00 | Buy → Neutral | DA Davidson |
| 1/11/2024 | $47.00 → $45.00 | Neutral → Buy | Citigroup |
| 11/7/2023 | $50.00 → $55.00 | Neutral → Buy | DA Davidson |
| 6/6/2023 | $40.00 | Neutral | DA Davidson |
| 1/9/2023 | $37.00 → $23.00 | Neutral → Underperform | SMBC Nikko |
| 12/21/2022 | $37.00 | Neutral | SMBC Nikko |
MCLEAN, Va., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Appian (NASDAQ:APPN) today announced financial results for the third quarter ended September 30, 2024. "Appian continues to grow even as we become more efficient. Growth remains our top priority. We now project positive adjusted EBITDA for the full year 2024," said Matt Calkins, CEO & Founder. Third Quarter 2024 Financial Highlights: Revenue: Cloud subscription revenue was $94.1 million, up 22% compared to the third quarter of 2023. Total subscriptions revenue, which includes sales of our cloud subscriptions, on-premises term license subscriptions, and maintenance and support, increased 19% year-over-year to $123.1 million. Professional ser
A leader in enterprise low-code application platforms drives transformation and innovation for insurers MCLEAN, Va., Oct. 31, 2024 /PRNewswire/ -- Appian (NASDAQ:APPN), a leading enterprise platform for process orchestration and automation, is proud to announce its inclusion in the InsurTech100 list by Fintech Global for the second consecutive year. Selected by a panel of industry experts and analysts, the InsurTech100 honors the world's most innovative companies transforming the insurance industry through technology. Appian is proud to announce its inclusion in the InsurTech1
MCLEAN, Va., Oct. 30, 2024 /PRNewswire/ -- At this year's Appian Government conference, Appian (NASDAQ:APPN) announced the winners of its 2024 Public Sector Partner Impact and Excellence Awards. These annual awards celebrate Appian partners for delivering innovation, transformation, and value to public sector organizations using the Appian Platform for end-to-end process automation. At this year's Appian Government conference, Appian announced the winners of its 2024 Public Sector Partner Awards.Here are this year's winners: Transformation Award - Accenture Federal ServicesAcc
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MCLEAN, Va., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Appian (NASDAQ:APPN) today announced financial results for the third quarter ended September 30, 2024. "Appian continues to grow even as we become more efficient. Growth remains our top priority. We now project positive adjusted EBITDA for the full year 2024," said Matt Calkins, CEO & Founder. Third Quarter 2024 Financial Highlights: Revenue: Cloud subscription revenue was $94.1 million, up 22% compared to the third quarter of 2023. Total subscriptions revenue, which includes sales of our cloud subscriptions, on-premises term license subscriptions, and maintenance and support, increased 19% year-over-year to $123.1 million. Professional ser
Proven executive brings over 25 years of strategic sales leadership experience to process automation industry leader MCLEAN, Va., Oct. 11, 2024 /PRNewswire/ -- Appian (NASDAQ:APPN) today announced the appointment of Mark Dorsey as Chief Revenue Officer. Dorsey will lead the company's global sales operation to accelerate growth, including through direct sales and partnerships. He will report to Appian's CEO, Matt Calkins. "I'm thrilled to join Appian and collaborate with the entire team to accelerate growth," said Mark Dorsey, Chief Revenue Officer, Appian. "I look forward to p
MCLEAN, Va., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Appian (NASDAQ:APPN) today announced that it will release financial results for the third quarter ended September 30, 2024, before the U.S. financial markets open on Thursday, November 7, 2024. The company will host a conference call and live webcast to review its financial results and business outlook. Conference Call Details The conference call will begin at 8:30 a.m. Eastern Time. To access the call, please use this Registration Link. Once registered, participants can join the call, using their phone with a dial in and PIN, or they can choose the Call Me option for instant dial to their phone. The conference call will also be available li
KeyBanc Capital Markets downgraded Appian from Overweight to Sector Weight
William Blair downgraded Appian from Outperform to Mkt Perform
DA Davidson downgraded Appian from Buy to Neutral and set a new price target of $33.00 from $37.00 previously
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Although U.S. stocks closed lower on Tuesday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform. Appian The Trade: Appian Corporation (NASDAQ:APPN) 10% owner Colin T. Moran acquired a total of 190,000 shares at an average
Keybanc analyst Thomas Blakey maintains Appian (NASDAQ:APPN) with a Overweight and raises the price target from $37 to $41.
Although U.S. stocks closed lower on Thursday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform. Adverum Biotechnologies The Trade: Adverum Biotechnologies, Inc. (NASDAQ:ADVM) 10% owner Braden Michael Leonard acquired a
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Former SAS CMO joins AI process automation leader's executive team MCLEAN, Va., Oct. 3, 2023 /PRNewswire/ -- Appian (NASDAQ:APPN) today announced the appointment of Randy Guard to the position of Chief Marketing Officer (CMO). Guard brings more than 35 years of experience in marketing, product strategy, and technology leadership to Appian's executive team. He will oversee the company's global marketing efforts, focusing on delivering Appian's end-to-end process automation vision and the power of the Appian Platform to organizations worldwide. Appian names Randy Guard as CMO to
Industry veteran aims to unlock productivity gains for French organizations through expanded adoption of the Appian AI Process Platform. PARIS, Sept. 19, 2023 /PRNewswire/ -- Appian (NASDAQ:APPN) announces the appointment of Frédéric Godde as Regional Vice President of Sales for Appian France. With 20 years of B2B technology experience, Godde has in-depth knowledge of key industries, including banking, insurance, energy, telecoms, life sciences, and the public sector. These industries are under tremendous pressure to increase agility and competitiveness through digital transformation, but their innovation projects are hampered by increasing regulatory scrutiny and the need to prove complian
MEXICO CITY, March 16, 2023 /PRNewswire/ -- Appian (NASDAQ:APPN) today announced the opening of its first Latin America (LATAM) office in Mexico and the expansion of its Iberia operations to Portugal. Situated in Mexico City, the new office will provide a base for Appian to collaborate more closely with partners and deliver end-to-end process automation for its regional customers. In addition, Appian continues its local recruitment to serve its growing list of LATAM customers and partners. Appian today announced the opening of its first LATAM office in Mexico and expanding its