Appian Corporation (APPN) Stock Price & Analysis

Appian Corporation (APPN) closed at USD 51.96 on Wednesday, October 28, 2026, up 4.04% on the day. The US market is currently closed (after-hours); this is not a live price.

The prior close was USD 49.94; the Oct 28, 2026 session ranged USD 49.18–51.98 on volume of 1,011,685 shares. Market capitalization is $3.72B, with a 52-week range of USD 18.63–54.12 (NGM). Source: Nexqual, retrieved October 28, 2026 at 21:51 UTC.

Also available as compact Markdown for AI agents: nexqual.com/APPN.md

Key facts (APPN)

• Last four reported quarters (through Jun 30, 2026): revenue $795M, net income -$10.6M (-1.3% margin), free cash flow $76.7M (SEC filings).
• Insider open-market sales, last ~7 months: 5 Form 4 filings, $7.3M; 0 not under a Rule 10b5-1 plan ($0K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
• Insider open-market purchases, last ~7 months: 1 Form 4 filing, $100K; 0 by opportunistic insiders, 0 by routine insiders.
• Analysts: Hold (mean 3.14 on a 1–5 scale) (7 analysts), mean target USD 34.8 (range 30–42).
• Total return with dividends: 1Y +74.1% vs S&P 500 +13.6%; 5Y -47.7% vs S&P 500 +79.8%.
• Next earnings: 2026-11-05, EPS estimate USD 0.33, revenue estimate $217M.

Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (APPN)

Fiscal years end Dec. EPS is split-adjusted.

Valuation (price ÷ last four quarters, through Jun 30, 2026) (APPN)

P/S 4.7x · EV/EBITDA 199.5x · EV/Sales 4.8x · P/FCF 48.5x · FCF yield 2.06% · Earnings yield -0.29% · Buyback yield (TTM) 2.03% · Net debt $68.1M · EV $3.79B

P/E at fiscal year-ends: Dec 2025 2144.4x.

Insider sales (SEC Form 4, open-market, last ~7 months) (APPN)

5 of 5 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.

% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).

Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

Insider purchases (SEC Form 4, open-market, last ~7 months) (APPN)

1 purchase, $100K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.

Analysts (APPN)

Consensus Hold (mean 3.14 on a 1–5 scale), 7 analysts; mean target USD 34.8 (low 30, high 42).

Rating changes, last 120 days:

Total return (dividends reinvested) (APPN)

APPN earnings history and stock reaction

EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

APPN recent SEC filings (last 120 days)

Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.

APPN revenue by product line (quarter ended Jun 30, 2026)

APPN revenue by region (quarter ended Jun 30, 2026)

As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).

APPN suppliers, customers and competitors (named in its 10-K)

Quoted from the company's 10-K filed Feb 19, 2026.

APPN customer concentration

In the period ended Jun 30, 2026, a single direct customer accounted for 26.1% of revenue, per the company's 10-Q filed Aug 6, 2026. The company does not name it.

APPN company outlook (results filed Aug 6, 2026)

• “ET to discuss Appian's financial results for the second quarter ended June 30, 2026 and business outlook.”

Quoted word-for-word from the SEC 8-K results press release.

APPN analyst estimates and revisions

APPN options: expected move

Options price a move of about ±18.1% (±$9.05) by Nov 20, 2026, which includes earnings on Nov 5, 2026. Over the last 8 reports the stock moved ±10.5% on average.

30-day implied volatility 81.5% vs 67.6% realized over the last 30 trading days. Put/call ratio (volume) 0.19. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.

Key Statistics (as of October 28, 2026 at 21:51 UTC)

Technical Analysis (APPN)

Nexqual's technical model rates APPN "BUY" based on 5 bullish and 2 bearish signals across 127 daily candles, as of October 28, 2026 at 21:51 UTC.

Analyst Ratings (APPN)

Wall Street analysts rate APPN "Hold" based on 7 analysts, with a mean price target of USD 34.8 (range USD 30–42), per Nexqual as of October 28, 2026 at 21:51 UTC.

Earnings (APPN)

Recent Earnings History

Source: Nexqual, October 28, 2026 at 21:51 UTC.

Financials & Fundamentals (APPN)

Source: Nexqual, October 28, 2026 at 21:51 UTC.

Financial Health Score (APPN)

Nexqual rates Appian Corporation's overall financial health "Mixed" across five dimensions, as of October 28, 2026 at 21:51 UTC.

Ownership (APPN)

Source: Nexqual, October 28, 2026 at 21:51 UTC.

Leadership (APPN)

Appian Corporation is led by Matthew W. Calkins, Founder, Chairman, CEO & President, per Nexqual as of October 28, 2026 at 21:51 UTC.

Major Backers & Investors (APPN)

Notable institutional backers of Appian Corporation include Fivespan Partners, LP, Lead Edge Capital Management, Llc, RPD Fund Management LLC, according to Nexqual as of October 28, 2026 at 21:51 UTC.

Active Investors

Index Funds (Passive)

Source: Nexqual, October 28, 2026 at 21:51 UTC.

From Appian Corporation's Latest SEC 10-K Filing (filed 2026-02-19)

Key Strengths & Strategy (as disclosed to the SEC)

• According to IDC, the worldwide Business Automation Platform market was $27.8 billion in 2024 and is expected to grow to approximately $70.2 billion in 2029.
• Generally, our sales team targets its efforts to organizations with over 2,000 employees and $2 billion in annual revenue.
• Without proprietary data, AI lacks the internal context necessary to help solve specific business problems.
• Applications built on our platform may be used only on our platform and only while customers have active subscriptions, creating a substantial incentive for customers to avoid the difficulties and costs associated with moving to a different software platform.

Legal & Regulatory Risks (Item 1A, quoted)

• Failure to comply with governmental laws and regulations could harm our business.
• Any inability to adequately address privacy or cybersecurity concerns, even if unfounded, or comply with applicable privacy or data protection laws, regulations, and policies could result in additional cost and liability to us, damage our reputation, inhibit sales, and adversely affect our business.
• Changes in laws and regulations related to the internet or changes in the internet infrastructure itself may diminish the demand for our platform and could have a negative impact on our business.
• We are subject to anti-corruption laws with respect to our domestic and international operations, and non-compliance with such laws can subject us to criminal and/or civil liability and materially harm our business.

Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.

Peers & Related Stocks

Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 28, 2026 at 21:51 UTC. This page is informational and not investment advice.

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