Market Summary
USD39.73-1.84
Market Closed-4.43%
APPN Stock Price
APPN RSI Chart
APPN Valuation
APPN Price/Sales (Trailing)
APPN Profitability
APPN Fundamentals
APPN Revenue
APPN Earnings
Price Action
52 Week Range
29.8066.91
(Low)(High)
Last 7 days
-4.0%
Last 30 days
2%
Last 90 days
14.2%
Trailing 12 Months
-15.5%
APPN Financial Health
APPN Investor Care
Peers (Alternatives to Appian)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
MSFT | 2.1T | 204.1B | -1.92% | -6.89% | 30.5 | 10.08 | 10.38% | -5.25% |
ORCL | 228.6B | 46.1B | -7.20% | 4.35% | 25.98 | 4.96 | 11.29% | -14.28% |
CRM | 186.7B | 31.4B | 6.91% | -6.75% | 897.78 | 5.96 | 19.41% | -85.60% |
ADBE | 163.2B | 17.6B | -11.04% | -20.88% | 34.32 | 9.27 | 11.54% | -1.37% |
ZM | 20.9B | 4.4B | -7.13% | -28.23% | 201.15 | 4.75 | 7.15% | -92.46% |
AZPN | 12.1B | - | -3.12% | 49.09% | 44.35 | 17.39 | - | - |
| MID-CAP | ||||||||
PLAN | 9.6B | 631.5M | -1.97% | 16.85% | -45.68 | 15.19 | 33.30% | -26.60% |
MANH | 8.9B | 767.1M | -2.98% | 9.04% | 69.2 | 11.63 | 15.59% | 16.73% |
GWRE | 6.5B | 869.9M | 3.14% | -9.62% | -33 | 7.53 | 13.87% | -103.37% |
APPN | 3.1B | 468.0M | 2.00% | -15.48% | -20.53 | 6.62 | 26.74% | -70.26% |
PING | 2.4B | 308.3M | 1.17% | 7.67% | -23.16 | 7.93 | 13.75% | -237.98% |
| SMALL-CAP | ||||||||
ZUO | 1.2B | 383.7M | 4.07% | -32.35% | -9.91 | 3.24 | 14.43% | -50.89% |
YEXT | 1.2B | 399.9M | 30.95% | 57.36% | -14.32 | 2.91 | 4.73% | 8.15% |
UPLD | 152.1M | 317.3M | -43.48% | -70.17% | -2.22 | 0.48 | 5.06% | -17.52% |
Financials for Appian
| Income Statement (Last 12 Months) | ||||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 4.7% | 467,991,000 | 447,193,000 | 421,734,000 | 394,670,000 | 369,259,000 |
| Gross Profit | 4.3% | 334,685,000 | 321,002,000 | 302,796,000 | 283,190,000 | 265,166,000 |
| Operating Expenses | 6.3% | 479,695,000 | 451,335,000 | 418,250,000 | 380,473,000 | 349,073,000 |
| S&GA Expenses | 6.8% | 220,374,000 | 206,271,000 | 193,430,000 | 177,784,000 | 167,852,000 |
| R&D Expenses | 9.0% | 139,210,000 | 127,759,000 | 116,646,000 | 106,666,000 | 97,517,000 |
| EBITDA | -4.2% | -141,260,000 | -135,624,000 | -117,461,000 | -92,968,000 | -81,797,000 |
| EBITDA Margin | 0.5% | -0.30 | -0.30 | -0.28 | -0.24 | -0.22 |
| Earnings Before Taxes | -5.1% | -150,228,000 | -142,954,000 | -124,511,000 | -99,126,000 | -87,863,000 |
| EBT Margin | -0.4% | -0.32 | -0.32 | -0.30 | -0.25 | -0.24 |
| Interest Expenses | 412.6% | 1,671,000 | 326,000 | 295,000 | 313,000 | 323,000 |
| Net Income | -6.0% | -150,920,000 | -142,349,000 | -123,737,000 | -98,208,000 | -88,641,000 |
| Net Income Margin | -1.3% | -0.32 | -0.32 | -0.29 | -0.25 | -0.24 |
| Free Cahsflow | 5.8% | -115,646,000 | -122,824,000 | -104,522,000 | -80,692,000 | -59,976,000 |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 30.7% | 594 | 455 | 470 | 503 | 505 |
| Current Assets | 41.8% | 422 | 298 | 315 | 339 | 338 |
| Cash Equivalents | 186.0% | 148 | 52.00 | 76.00 | 107 | 101 |
| Goodwill | 9.6% | 26.00 | 24.00 | 26.00 | 27.00 | 28.00 |
| Liabilities | 59.3% | 449 | 282 | 265 | 260 | 271 |
| Current Liabilities | 20.4% | 270 | 224 | 212 | 206 | 216 |
| LT Debt, Current | Infinity% | 3.00 | - | - | - | - |
| LT Debt, Non Current | Infinity% | 115 | - | - | - | - |
| Shareholder's Equity | -15.8% | 146 | 173 | 205 | 243 | 234 |
| Retained Earnings | -9.2% | -408 | -374 | -330 | -280 | -257 |
| Additional Paid-In Capital | 2.1% | 561 | 550 | 538 | 528 | 497 |
| Shares Outstanding | 0.2% | 73.00 | 72.00 | 72.00 | - | - |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | 6.0% | -106 | -113 | -94.81 | -71.71 | -53.92 |
| Share Based Compensation | 15.6% | 39.00 | 34.00 | 27.00 | 23.00 | 24.00 |
| Cashflow From Investing | -5.7% | 10.00 | 11.00 | 16.00 | 39.00 | 42.00 |
| Cashflow From Financing | 457.7% | 143 | 26.00 | 26.00 | 27.00 | 3.00 |
Risks for APPN
What is the probability of a big loss on APPN?
100%
Probability that Appian stock will be more than 20% underwater in next one year
98.1%
Probability that Appian stock will be more than 30% underwater in next one year.
70.8%
Probability that Appian stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does APPN drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Appian was unfortunately bought at previous high price.
Drawdowns
Returns for APPN
Cumulative Returns on APPN
9.4%
5-Year Cumulative Returns
4.9%
3-Year Cumulative Returns
What are the long-term rolling returns for APPN?
FIve years rolling returns for Appian.
Annualized Returns
Which funds bought or sold APPN recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-10 | BAILLIE GIFFORD & CO | reduced | -72.14 | -178,653,000 | 51,027,400 | 0.05% |
2023-03-06 | Rockefeller Capital Management L.P. | added | 0.5 | -9,000 | 32,000 | -% |
2023-02-28 | Voya Investment Management LLC | unchanged | - | -128,790 | 506,210 | -% |
2023-02-28 | Mezzasalma Advisors, LLC | reduced | -2.36 | -245,113 | 860,887 | 0.75% |
2023-02-27 | Parallax Volatility Advisers, L.P. | reduced | -72.38 | -121,552 | 34,448 | -% |
2023-02-22 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | reduced | -71.15 | -3,225,000 | 965,000 | 0.01% |
2023-02-22 | CVA Family Office, LLC | unchanged | - | -219 | 781 | -% |
2023-02-21 | MACQUARIE GROUP LTD | sold off | -100 | -40,000 | - | -% |
2023-02-21 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | added | 27.56 | 509 | 23,509 | -% |
2023-02-16 | GHP Investment Advisors, Inc. | unchanged | - | -930 | 4,070 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Appian News
Schedule 13G FIlings of Appian
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | calkins matthew w | 39.9% | 29,048,442 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 9.55% | 3,918,420 | SC 13G/A | |
| Jan 31, 2023 | blackrock inc. | 7.2% | 2,958,404 | SC 13G/A | |
| Jan 26, 2023 | abdiel qualified master fund lp | 22.9% | 9,404,803 | SC 13D/A | |
| Jan 19, 2023 | abdiel qualified master fund lp | 22.0% | 9,008,528 | SC 13D/A | |
| Jan 06, 2023 | baillie gifford & co | 3.82% | 1,567,182 | SC 13G/A | |
| Dec 01, 2022 | baillie gifford & co | 9.81% | 4,028,919 | SC 13G/A | |
| Nov 14, 2022 | abdiel qualified master fund lp | 20.6% | 8,465,572 | SC 13D/A | |
| May 25, 2022 | abdiel qualified master fund lp | 19.2% | 7,842,224 | SC 13D/A | |
| May 11, 2022 | abdiel qualified master fund lp | 18.1% | 7,403,469 | SC 13D/A |
APPN Fair Value
Appian fair value in different scenarios
The table shows the Fair Value estimates for Appian for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | - - | - - | - - | - - | - - |
| Current Inflation | 1.10 -97.23% | 1.81 -95.44% | 3.07 -92.27% | 4.85 -87.79% | 6.74 -83.04% |
| Very High Inflation | - - | - - | - - | - - | - - |
Historical Appian Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of Appian
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 13, 2023 | 8-K | Current Report | |
| Mar 07, 2023 | 4 | Insider Trading | |
| Feb 28, 2023 | 4 | Insider Trading | |
| Feb 21, 2023 | 4 | Insider Trading | |
| Feb 17, 2023 | 8-K | Current Report | |
| Feb 16, 2023 | 10-K | Annual Report | |
| Feb 16, 2023 | 8-K | Current Report | |
| Feb 13, 2023 | 4 | Insider Trading | |
| Feb 09, 2023 | SC 13G/A | Major Ownership Report | |
| Feb 09, 2023 | SC 13G/A | Major Ownership Report |
Latest Insider Trading transactions for APPN
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-03-06 | Matheos Mark | sold (taxes) | -60,442 | 44.64 | -1,354 | chief financial officer |
2023-03-06 | Matheos Mark | acquired | - | - | 4,379 | chief financial officer |
2023-02-27 | Lynch Mark Steven | sold | -60,135 | 43.17 | -1,393 | - |
2023-02-16 | Abdiel Capital Advisors, LP | bought | 4,379,470 | 45.2079 | 96,874 | - |
2023-02-16 | Abdiel Capital Advisors, LP | bought | 141,321 | 45.2081 | 3,126 | - |
2023-02-09 | Abdiel Capital Advisors, LP | bought | 21,155 | 43.53 | 486 | - |
2023-02-09 | Abdiel Capital Advisors, LP | bought | 1,305 | 43.53 | 30.00 | - |
2023-02-08 | Abdiel Capital Advisors, LP | bought | 2,090,540 | 43.1617 | 48,435 | - |
2023-02-08 | Abdiel Capital Advisors, LP | bought | 67,547 | 43.1616 | 1,565 | - |
2023-02-07 | Abdiel Capital Advisors, LP | bought | 33,982 | 43.0159 | 790 | - |
About Appian
Matthew W. Calkins
1800
Appian Corporation provides low-code automation platform in the United States and internationally. The company's platform automates the creation of forms, workflows, data structures, reports, user interfaces, and other software elements that are needed to be manually coded. The company also offers professional and customer support services. It serves to financial services, government, life sciences, insurance, manufacturing, energy, healthcare, telecommunications, and transportation industries. The company was incorporated in 1999 and is headquartered in McLean, Virginia.
APPN Income Statement
2022-12-31CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands | 12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
| Revenue | |||
| Total revenue | $ 467,991 | $ 369,259 | $ 304,573 |
| Cost of revenue | |||
| Total cost of revenue | 133,306 | 104,093 | 88,766 |
| Gross profit | 334,685 | 265,166 | 215,807 |
| Operating expenses | |||
| Sales and marketing | 220,374 | 167,852 | 130,316 |
| Research and development | 139,210 | 97,517 | 70,241 |
| General and administrative | 120,111 | 83,704 | 53,152 |
| Total operating expenses | 479,695 | 349,073 | 253,709 |
| Operating loss | (145,010) | (83,907) | (37,902) |
| Other non-operating expense (income) | |||
| Other expense (income), net | 3,545 | 3,584 | (5,786) |
| Interest expense | 1,673 | 372 | 478 |
| Total other non-operating expense (income) | 5,218 | 3,956 | (5,308) |
| Loss before income taxes | (150,228) | (87,863) | (32,594) |
| Income tax expense | 692 | 778 | 883 |
| Net loss | $ (150,920) | $ (88,641) | $ (33,477) |
| Net loss per share: | |||
| Basic (in usd per share) | $ (2.08) | $ (1.25) | $ (0.48) |
| Diluted (in usd per share) | $ (2.08) | $ (1.25) | $ (0.48) |
| Weighted average common shares outstanding: | |||
| Basic (in shares) | 72,455,175 | 71,036,490 | 69,050,565 |
| Diluted (in shares) | 72,455,175 | 71,036,490 | 69,050,565 |
| Subscriptions | |||
| Revenue | |||
| Total revenue | $ 340,152 | $ 263,738 | $ 198,710 |
| Cost of revenue | |||
| Total cost of revenue | 36,005 | 27,330 | 20,826 |
| Professional services | |||
| Revenue | |||
| Total revenue | 127,839 | 105,521 | 105,863 |
| Cost of revenue | |||
| Total cost of revenue | $ 97,301 | $ 76,763 | $ 67,940 |
APPN Balance Sheet
2022-12-31CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
|---|---|---|
| Current assets | ||
| Cash and cash equivalents | $ 148,132 | $ 100,796 |
| Short-term investments and marketable securities | 47,863 | 55,179 |
| Accounts receivable, net of allowance of $2,125 and $1,400, respectively | 165,964 | 130,049 |
| Deferred commissions, current | 30,196 | 24,668 |
| Prepaid expenses and other current assets | 28,093 | 26,781 |
| Restricted cash, current | 2,249 | 791 |
| Total current assets | 422,497 | 338,264 |
| Property and equipment, net of accumulated depreciation of $18,864 and $14,106, respectively | 41,855 | 36,913 |
| Long-term investments | 0 | 12,044 |
| Goodwill | 26,349 | 27,795 |
| Intangible assets, net of accumulated amortization of $2,715 and $1,260, respectively | 5,251 | 7,144 |
| Operating right-of-use assets | 37,248 | 27,897 |
| Deferred commissions, net of current portion | 55,788 | 49,017 |
| Deferred tax assets | 1,940 | 1,025 |
| Restricted cash, net of current portion | 0 | 2,373 |
| Other assets | 3,286 | 2,047 |
| Total assets | 594,214 | 504,519 |
| Current liabilities | ||
| Accounts payable | 7,997 | 5,766 |
| Accrued expenses | 12,227 | 15,483 |
| Accrued compensation and related benefits | 40,718 | 35,126 |
| Deferred revenue, current | 194,768 | 150,169 |
| Debt, current | 2,740 | 0 |
| Operating lease liabilities, current | 8,681 | 8,110 |
| Other current liabilities | 3,121 | 1,067 |
| Total current liabilities | 270,252 | 215,721 |
| Long-term debt | 115,379 | 0 |
| Operating lease liabilities | 57,225 | 48,784 |
| Deferred revenue | 5,556 | 2,430 |
| Deferred tax liabilities | 102 | 209 |
| Other non-current liabilities | 0 | 3,458 |
| Total liabilities | 448,514 | 270,602 |
| Commitments and contingent liabilities (see Note 4 and Note 14) | ||
| Stockholders’ equity | ||
| Additional paid-in capital | 561,390 | 497,128 |
| Accumulated other comprehensive loss | (7,246) | (5,687) |
| Accumulated deficit | (408,451) | (257,531) |
| Total stockholders’ equity | 145,700 | 233,917 |
| Total liabilities and stockholders’ equity | 594,214 | 504,519 |
| Class A Common Stock | ||
| Stockholders’ equity | ||
| Common stock | 4 | 4 |
| Class B Common Stock | ||
| Stockholders’ equity | ||
| Common stock | $ 3 | $ 3 |