Appian (APPN)

• Market cap: $2.13B
• 1 day: -5.97%
• 5 days: -5.13%
• 1 month: -7.72%
• 3 months: 6.18%
• 6 months: -13.43%
• Year to date: -13.56%
• 1 year: -11.70%
• 5 years: -37.45%
• 10 years: 91.14%
• Sector: Technology
• Industry: Software - Infrastructure

About: Appian Corp is a low-code enterprise platform-as-a-service company focusing on business process management. The company's Appian platform is an integrated automation platform providing tools for organizations to design, automate, and optimize end-to-end processes and complex business operations. Capabilities include case management, robotic process automation, artificial intelligence, data fabric, and process mining. The company also provides maintenance and support as well as consulting services and training related to its platform. The majority of its revenue is subscription-based with the remainder from services, with much of its subscription revenue being derived from its cloud-based platform. Geographically, the company derives maximum revenue from its business in the United States.

Employees: 2,033

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

98% more repeat investments, than reductions

Existing positions increased: 81 | Existing positions reduced: 41

69% more first-time investments, than exits

New positions opened: 49 | Existing positions closed: 29

8% more funds holding

Funds holding: 202 [Q4 2024] → 219 (+17) [Q1 2025]

5.19% more ownership

Funds ownership: 76.12% [Q4 2024] → 81.31% (+5.19%) [Q1 2025]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q4 2024] → 2 (+0) [Q1 2025]

6% less capital invested

Capital invested by funds: $1.07B [Q4 2024] → $1.01B (-$65.3M) [Q1 2025]

80% less call options, than puts

Call options by funds: $18.9M | Put options by funds: $92.1M

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $29 1% upside
• Avg. target: $34 20% upside
• High target: $41 43% upside

5 analyst ratings

• positive: 1 20%
• neutral: 3 60%
• negative: 1 20%

Citigroup Steven Enders	43% upside $41	Buy Maintained	13 May 2025
Morgan Stanley Sanjit Singh	1% upside $29	Equal-Weight Maintained	9 May 2025
DA Davidson Gil Luria	22% upside $35	Neutral Maintained	9 May 2025
Barclays Raimo Lenschow	15% upside $33	Underweight Maintained	9 May 2025
Scotiabank Nick Altmann	19% upside $34	Sector Perform Maintained	24 Apr 2025