Brokerages forecast that Appian Corp (NASDAQ:APPN) will report sales of $41.75 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Appian’s earnings. The lowest sales estimate is $41.70 million and the highest is $41.86 million. The firm is expected to issue its next quarterly earnings results after the market closes on Thursday, February 22nd.
According to Zacks, analysts expect that Appian will report full year sales of $41.75 million for the current year, with estimates ranging from $167.88 million to $168.04 million. For the next financial year, analysts expect that the business will report sales of $194.91 million per share, with estimates ranging from $193.50 million to $196.17 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow Appian.
Appian (NASDAQ:APPN) last announced its earnings results on Thursday, November 2nd. The company reported ($0.10) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.07.
Shares of Appian (NASDAQ:APPN) opened at $28.61 on Friday. Appian has a 12 month low of $14.60 and a 12 month high of $43.26.
In related news, major shareholder Abdiel Capital Management, Llc acquired 5,258 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were bought at an average cost of $20.48 per share, with a total value of $107,683.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Qualified Master Fund L. Abdiel acquired 171,523 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was bought at an average cost of $21.24 per share, for a total transaction of $3,643,148.52. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 962,543 shares of company stock valued at $19,624,763 and sold 1,097,222 shares valued at $21,384,857.
Institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of Appian by 27.9% in the third quarter. JPMorgan Chase & Co. now owns 585,018 shares of the company’s stock valued at $14,673,000 after purchasing an additional 127,545 shares during the period. Wells Fargo & Company MN bought a new position in shares of Appian in the second quarter valued at about $2,162,000. Nepsis Capital Management Inc. bought a new position in shares of Appian in the fourth quarter valued at about $4,306,000. Lord Abbett & CO. LLC bought a new position in shares of Appian in the second quarter valued at about $8,134,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of Appian in the second quarter valued at about $370,000. 11.83% of the stock is currently owned by institutional investors.
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.
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