Appian (NASDAQ:APPN – Get Free Report) issued an update on its second quarter earnings guidance on Thursday morning. The company provided EPS guidance of ($0.34)-($0.28) for the period, compared to the consensus EPS estimate of ($0.30). The company issued revenue guidance of $140-144 million, compared to the consensus revenue estimate of $145.00 million. Appian also updated its FY24 guidance to ($0.85)-($0.79) EPS.
Appian Price Performance
APPN stock traded up $0.95 during trading on Friday, reaching $31.98. The company had a trading volume of 795,544 shares, compared to its average volume of 577,887. The firm has a 50-day simple moving average of $36.71 and a 200-day simple moving average of $36.45. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.68. Appian has a twelve month low of $28.22 and a twelve month high of $54.26.
Appian (NASDAQ:APPN – Get Free Report) last announced its quarterly earnings results on Thursday, February 15th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.33. Appian had a negative return on equity of 146.23% and a negative net margin of 19.20%. The company had revenue of $145.32 million during the quarter, compared to analysts’ expectations of $140.41 million. Equities research analysts forecast that Appian will post -0.9 earnings per share for the current year.
Analyst Upgrades and Downgrades
Read Our Latest Report on Appian
Insider Buying and Selling at Appian
In other Appian news, major shareholder Abdiel Capital Advisors, Lp sold 400,000 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $32.44, for a total transaction of $12,976,000.00. Following the sale, the insider now directly owns 5,890,304 shares in the company, valued at $191,081,461.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 43.60% of the stock is owned by corporate insiders.
About Appian
Appian Corporation, a software company that provides low-code design platform in the United States, Mexico, Portugal, and internationally. The company's platform offers artificial intelligence, process automation, data fabric, and process mining. It provides The Appian Platform, an integrated automation platform that enables organizations to design, automate, and optimize mission-critical business processes.
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