KeyCorp Weighs in on Appian’s Q2 Earnings (NASDAQ:APPN)

Appian Corporation (NASDAQ:APPN) – Research analysts at KeyCorp issued their Q2 2026 earnings per share (EPS) estimates for shares of Appian in a note issued to investors on Wednesday, July 15th. KeyCorp analyst D. Au anticipates that the company will post earnings of ($0.15) per share for the quarter. The consensus estimate for Appian’s current full-year earnings is $0.34 per share. KeyCorp also issued estimates for Appian’s Q3 2026 earnings at $0.13 EPS, Q4 2026 earnings at $0.32 EPS, FY2026 earnings at $0.39 EPS, Q4 2027 earnings at $0.36 EPS and FY2027 earnings at $0.78 EPS.

Appian (NASDAQ:APPN) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.08. The company had revenue of $202.18 million for the quarter, compared to the consensus estimate of $191.56 million. Appian had a net margin of 0.12% and a negative return on equity of 26.12%. The firm’s revenue was up 21.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.13 earnings per share. Appian has set its FY 2026 guidance at 0.940-1.050 EPS and its Q2 2026 guidance at -0.020-0.020 EPS.

Several other brokerages have also recently weighed in on APPN. DA Davidson dropped their price target on shares of Appian from $25.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, May 15th. Zacks Research lowered Appian from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Barclays raised their target price on Appian from $21.00 to $23.00 and gave the stock an “underweight” rating in a report on Friday, May 8th. Citigroup lowered their target price on Appian from $38.00 to $37.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Finally, TD Cowen cut their price target on Appian from $27.00 to $24.00 and set a “hold” rating for the company in a report on Friday, May 15th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $26.00.

Appian Stock Performance

Shares of APPN stock opened at $23.75 on Monday. Appian has a 12 month low of $18.63 and a 12 month high of $46.06. The stock has a market cap of $1.74 billion, a P/E ratio of 2,377.38 and a beta of 0.85. The company has a 50 day simple moving average of $23.36 and a two-hundred day simple moving average of $24.54.

Insider Transactions at Appian

In related news, CEO Matthew W. Calkins sold 50,000 shares of the stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $24.72, for a total transaction of $1,236,000.00. Following the completion of the sale, the chief executive officer owned 1,719,144 shares in the company, valued at approximately $42,497,239.68. This trade represents a 2.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Mark Dorsey bought 5,227 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average price of $19.13 per share, with a total value of $99,992.51. Following the transaction, the executive directly owned 13,993 shares of the company’s stock, valued at $267,686.09. This represents a 59.63% increase in their position. The disclosure for this purchase is available in the SEC filing. 42.81% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Evanson Financial LLC purchased a new stake in Appian during the 2nd quarter valued at approximately $296,000. Essential Partners LLC lifted its holdings in shares of Appian by 213.4% in the first quarter. Essential Partners LLC now owns 4,431 shares of the company’s stock worth $107,000 after buying an additional 3,017 shares in the last quarter. Cim Investment Management Inc. bought a new position in shares of Appian during the first quarter worth $232,000. Bank of America Corp DE boosted its position in shares of Appian by 8.0% during the first quarter. Bank of America Corp DE now owns 176,566 shares of the company’s stock worth $4,257,000 after acquiring an additional 13,129 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new position in shares of Appian during the first quarter worth $541,000. 52.70% of the stock is currently owned by institutional investors.

Appian Company Profile

Appian Corporation is a global technology company specializing in low-code automation platforms designed to streamline business processes. Founded in 1999 by Matt Calkins, the company provides an integrated suite of tools that enables organizations to build enterprise applications and workflows rapidly with minimal hand coding. The platform combines process management, robotic process automation (RPA), artificial intelligence (AI) capabilities and data integration into a single environment, allowing businesses to accelerate digital transformation initiatives.

The core offering, the Appian Low-Code Platform, empowers users—ranging from professional developers to business analysts—to visually model, design and deploy applications that can automate complex operations, orchestrate tasks across systems, and deliver real-time analytics.