Morgan Stanley Keeps a Sell Rating on Appian (APPN)

Morgan Stanley analyst Sanjit Singh maintained a Sell rating on Appian (APPN) today and set a price target of $91.00. The company’s shares closed last Thursday at $98.93.

According to, Singh is a 3-star analyst with an average return of 8.7% and a 48.6% success rate. Singh covers the Technology sector, focusing on stocks such as Citrix Systems, Datto Holding, and Nice-Systems.

The word on The Street in general, suggests a Hold analyst consensus rating for Appian with a $148.60 average price target, representing a 46.9% upside. In a report released today, Barclays also maintained a Sell rating on the stock with a $77.00 price target.

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Based on Appian’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $81.63 million and GAAP net loss of $6.38 million. In comparison, last year the company earned revenue of $68.62 million and had a GAAP net loss of $10.8 million.

Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of APPN in relation to earlier this year.

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Appian Corp. provides business process management (BPM) solutions. Its BPM tools automate and measures business processes. The firm’s products include BPM software, case management, mobile application development, and platform-as-a-service. The company was founded by Matt Calkins, Robert C. Kramer, Marc Wilson, and Michael Beckley in 1999 and is headquartered in Reston, V A.

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