Appian Corporation (NASDAQ:APPN) is Worth a Shot if You’re a Risk-Capital Investor – Marketing Sentinel

Appian Corporation (NASDAQ:APPN) is Worth a Shot if You’re a Risk-Capital Investor

In the last trading session, 1,257,143 Appian Corporation (NASDAQ:APPN) shares changed hands as the company’s beta touched 1.84. With the company’s per share price at $126.65 changed hands at -$14.01 or -0.1% during last session, the market valuation stood at $9.94 Billion. APPN’s last price was a discount, traded about -105.29% off its 52-week high of $260. The share price had its 52-week low at $30.68, which suggests the last value was 75.78% up since then. When we look at Appian Corporation’s average trading volume, we note the 10-day average is 685.22 Million shares, with the 3-month average coming to 1.25 Million.

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Analysts gave the Appian Corporation (APPN) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3. If we narrow down to specifics, the data shows that 3 out of 10 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, 5 recommended APPN as a Hold, 2 felt it is a Buy and none rated the stock as Underweight. Appian Corporation’s EPS for the current quarter is expected to be -$0.14.

Appian Corporation (NASDAQ:APPN) trade information

Although APPN has turned red as seen at the end of in last trading. With action -9.96%, the performance over the past five days has been red. The jump to weekly highs of $161.0 on Tuesday, Mar 23 added 21.35% to the stock’s daily price. The company’s shares are showing year-to-date downside of -0.22%, with the 5-day performance at -0.21% in the red. However, in the 30-day time frame, Appian Corporation (NASDAQ:APPN) is -0.26% down. Looking at the short shares, we see there were 6.07 Million shares sold at short interest cover period of 4.86 days.

The consensus price target for the stock as assigned by Wall Street analysts is $144.25, meaning bulls need an upside of 13.9% from its current market value. According to analyst projections, APPN’s forecast low is $83 with $235 as the target high. To hit the forecast high, the stock’s price needs a +85.55% upsurge from its current level, while the stock would need to tank -34.47% for it to hit the projected low.

Appian Corporation (APPN) estimates and forecasts

Data shows that the Appian Corporation share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot +111.01% over the past 6 months, a 134.62% in annual growth rate that is considerably higher than the industry average of 0.3%. But despite this, analysts have looked to lower expectations by downgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for Appian Corporation will drop -16.7%, while the growth in revenue is estimated to hit -33.3% for the next quarter. Year-over-year growth is forecast to reach 16.7% up from the last financial year.

Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of $82.67 Million. 8 analysts are of the opinion that Appian Corporation’s revenue for the quarter ending June 01, 2021 will be $84.05 Million. The company’s revenue for the corresponding quarter a year ago was $70.44 Million. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 17.4%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -29.4%. The 2021 estimates are for Appian Corporation earnings to increase by 37.4%, but the outlook for the next 5-year period is at 0% per year.

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Appian Corporation (NASDAQ:APPN)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 1.14% of Appian Corporation shares while 82.57% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 83.53%. There are 288 institutions holding the Appian Corporation stock share, with Baillie Gifford and Company the top institutional holder. As of Dec 30, 2020, the company held 15.75% of the shares, roughly 6.14 Million APPN shares worth $995.62 Million.

Abdiel Capital Advisors, LP holds the second largest percentage of outstanding shares, with 15.73% or 6.13 Million shares worth $993.79 Million as of Dec 30, 2020.

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Among Mutual Funds, the top two as of Nov 29, 2020 were Vanguard U.S. Growth Fund and Vanguard Total Stock Market Index Fund. With 1555327 shares estimated at $217.75 Million under it, the former controlled 3.99% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.73% of the shares, roughly 1.07 Million shares worth around $172.76 Million.

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