Appian stock: buy or sell?

APPN stock price: $41.00 0.00% At close on December 6th, 2019

Updated on:
December 6th, 2019

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Appian shares stayed steady 0.00% to $41.00 today. On Monday APPN plunged a hair-raising -5.61%.

Appian Corporation provides low-code software development platform that enables organizations to develop various applications in the United States and internationally.

Should I buy Appian stock?

Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Having a trading strategy helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

None of our preferred buy setups matches with Appian stock situation right now, therefore this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Appian stock a buy?

Banks and financial institutions post stock ratings everyday. At Stocks2.com, we collected 5 ratings published for APPN stock in the last 30 days.

The general sentiment of these ratings is bearish for APPN stock, with 1 negative ratings.
Is APPN a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-8-9SunTrust Banksn/aHold
2019-5-23Morgan StanleyUnderweightEqual Weight
2019-2-22Canaccord GenuityHoldHold
2019-2-22Canaccord GenuityHoldHold
2019-2-1Goldman Sachs Groupn/aSell

Appian stock analysis

Daily outlook

Appian shares stayed stable 0.00% to $41.00 today.

Appian shares stayed steady 0.00% to $41.00 today. Since price and SMA200d lines crossed up on Nov/25, APPN climbed $0.40 (0.99%). On August, APPN hit new all time highs, pushing higher previous ATH of $61.27 recorded on August. New ATHs are usual entry points for many trading setups as there aren't higher resistences.

APPN stock chart (daily)

Weekly outlook

After boosting an exceptional 5.76% in a week last week, Appian closed this week at $41.00 and collapsed a shocking -4.83%.

Far behind is the all-time high Appian hit by mid August and since then the price is -34.86% below that top. Since early April when SMA20w and SMA40w crossed up, APPN price gained $6.57 per share (19.08%).

APPN stock chart (weekly)

Appian stock price history

Appian stock went public on May 25th, 2017 with a price of $15.001. Since then, APPN stock surged a 173.30%, with an average of 86.70% per year. If you had invested right after APPN's IPO a $1,000 in Appian stock in 2017, it would worth $1,733.00 today.

1: Adjusted price after possible price splits or reverse-splits.

Appian stock historical price chart

APPN stock reached all-time highs on August with a price of $62.94.

Appian stock price target is $37.00

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. You should not follow the analysts' APPN stock price predictions in the hope that they will be met as they may be wrong and not met. We have 4 price predictions for Appian stock released in the last 30 days:
APPN stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-8-9SunTrust BanksRaises Target$32.00$46.0043.8%
2019-5-23Morgan StanleyUpgrades$30.00$36.0020%
2019-2-22Canaccord GenuityReiterates$27.00$33.0022.2%
2019-2-22Canaccord GenuityRaises Target$27.00$33.0022.2%
(in average)$29.00$37.0028.0%
The price prediction for Appian stock is $37.00, moving in a range between $46.00 and $33.00. In average, analysts' outlook on APPN price target is positive, increasing the forecast by a 28.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

On February, Appian presented its financial report, posting an excellent climb for the Earnings per Share (EPS). Experts were expecting $-0.19 per share, but Appian posted $-0.22.
APPN earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a-0.06n/a
2017-Q2-n/a-0.34n/a
2017-Q3-n/a-0.1n/a
2017-Q42018-02-22-0.18-0.11n/a
2018-Q12018-05-03-0.21-0.16n/a
2018-Q22018-08-02-0.2-0.18n/a
2018-Q32018-11-01-0.21-0.24n/a
2018-Q42019-02-21-0.19-0.22n/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared to 2017, last anual sales report draw an exceptional growth of 28.29% to $226.74 M USD. However, its income margin (compared to sales) declined to -21.81%, that is $-49.45 million.

APPN annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2014$89 M-$-17.06 M-19.2%-
2015$111 M24.95%$-6.99 M-6.3%-59.04%
2016$133 M19.53%$-12.46 M-9.4%78.35%
2017$177 M32.96%$-31.01 M-17.5%148.83%
2018$227 M28.29%$-49.45 M-21.8%59.48%

Quarterly financial results

Appian reported $60.22 M in sales for 2018-Q4, a 9.59% up compared to previous quarter. Reported quarter income marked $-13.90 million with a profit margin of -23.09%. Profit margin raised a 4.26% compared to previous quarter when profit margin was -27.35%. When comparing revenues to same quarter last year, Appian sales marked an extraordinary gain and skyrocketed a 19.09%.
APPN quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$38 M-$-3.40 M-8.9%-
2017-Q2$43 M12.71%$-14.46 M-33.5%325.29%
2017-Q3$45 M3.35%$-6.28 M-14.1%-56.54%
2017-Q4$51 M13.25%$-6.87 M-13.6%9.31%
2018-Q1$52 M2.24%$-9.55 M-18.5%39.07%
2018-Q2$60 M15.84%$-10.97 M-18.3%14.80%
2018-Q3$55 M-8.24%$-15.03 M-27.3%37.03%
2018-Q4$60 M9.59%$-13.90 M-23.1%-7.49%

Appian ownership

When you are planning to buy a company, it's always worth to have a look its ownership structure.

Appian shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 1.53% of all shares.

In case of Appian stock, 58.24% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for APPN stock account 0.00%, no big difference from last month.

For a better context understanding, the following table shows ownership data compared to other related companies:

APPNPANW
Market cap$1.4 B$22.2 B
Total shares34.2 M97.0 M
Float shares25.6 M88.5 M
  - Institutional holdings (%)58.2%83.9%
  - Insider holdings (%)1.5%2.8%
Shares in short selling0.0%0.0%

Appian summary

Friday, December 6th, 2019
Open$41.10
Close$41.00
Day range$40.78 - $41.28
Previous close$41.00
Session gain0.00%
Average true range$1.70
50d mov avg$44.26
100d mov avg$46.69
200d mov avg$40.79
Daily pattern
Weekly pattern lt03a

Appian performance

To better understand Appian performance you must compare its gains with other related stocks in same sector or industry. In the following table, we compare Appian performance to Array:
Stock3m6m12m
APPNAppian-22.05%25.08%44.06%
PANWPalo Alto Network...6.00%17.05%30.72%

Appian competitors

Defining a list of competitors for Appian it's a hard job. We selected just one public company that in our opinion is related to and can be considered Appian competitor: