Appian Corporation (NASDAQ:APPN) issued its quarterly earnings results on Thursday. The company reported ($0.08) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.07, Briefing.com reports. The business had revenue of $44.60 million for the quarter, compared to analyst estimates of $40.91 million. The company’s quarterly revenue was up 45.3% on a year-over-year basis. Appian Corporation updated its Q4 guidance to ($016)-($0.15) EPS.

TRADEMARK VIOLATION WARNING: “Appian Corporation (APPN) Announces Earnings Results” was first published by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark laws. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2017/11/02/appian-corporation-appn-announces-earnings-results.html.

In related news, major shareholder Abdiel Capital Management, Llc purchased 28,600 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The stock was bought at an average cost of $22.14 per share, with a total value of $633,204.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Qualified Master Fund L. Abdiel purchased 28,800 shares of the firm’s stock in a transaction that occurred on Tuesday, September 26th. The stock was bought at an average cost of $22.14 per share, with a total value of $637,632.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 146,376 shares of company stock valued at $3,249,007.

A number of brokerages have weighed in on APPN. Cowen and Company downgraded Appian Corporation from an “outperform” rating to a “market perform” rating and set a $23.00 price target for the company. in a report on Monday, October 2nd. Zacks Investment Research downgraded Appian Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. KeyCorp reiterated a “hold” rating on shares of Appian Corporation in a report on Monday, September 18th. Canaccord Genuity reiterated a “hold” rating and set a $19.00 price target on shares of Appian Corporation in a report on Monday. Finally, Barclays PLC reiterated an “equal weight” rating and set a $20.00 price target (up from $19.00) on shares of Appian Corporation in a report on Friday, August 4th. Seven analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus price target of $21.17.

About Appian Corporation

Appian Corporation provides a low-code software development platform as a service that enables organizations to develop applications. Through Company’s platform, organizations can design, build and implement, enterprise-grade custom applications. Decision makers can reimagine their products, services, processes and customer interactions.

Receive News & Ratings for Appian Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Appian Corporation and related companies with MarketBeat.com's FREE daily email newsletter.