Berkshire Hathaway reveals $4.3 billion stake in Alphabet, cuts Apple
Appian Corp (APPN) stock has reached a new 52-week high, touching $41.64, just shy of its absolute high of $41.78. This marks a significant milestone for the enterprise software company, reflecting a period of growth and investor confidence. The stock has shown remarkable momentum with a 32.97% return over the last week alone, though InvestingPro data indicates the RSI suggests the stock is in overbought territory. Over the past year, Appian’s stock has experienced a 1.81% change, indicating a modest but steady increase in its market valuation. While not profitable over the last twelve months, the company maintains impressive gross profit margins of 76.28%, and analysts predict profitability this year with an EPS forecast of $0.54. The 52-week high achievement underscores the company’s resilience and potential for continued upward momentum in the competitive tech industry. According to InvestingPro, the stock appears overvalued compared to its Fair Value, with 12+ additional ProTips and a comprehensive Research Report available for subscribers.
In other recent news, Appian Corporation reported strong third-quarter 2025 earnings, exceeding expectations for both revenue and profit, which led DA Davidson to raise its price target for the company to $38.00. TD Cowen also increased its price target for Appian to $40.00, citing cloud growth of 18% at constant currency, surpassing the firm’s estimate of 16%, and better-than-expected EBITDA results. In addition, Appian’s cloud net revenue retention remained steady at 111%.
Furthermore, Appian announced that its General Counsel and Secretary, Christopher Winters, plans to retire in the fourth quarter of 2025. The company stated that Winters will stay in his role until the Appian Board of Directors meeting on November 4, 2025, to assist with the transition to his successor.
Additionally, Appian’s board of directors has authorized a share repurchase program of up to $10 million, effective immediately and continuing through August 28, 2027. The company may use various methods for repurchasing shares, including open market purchases and privately negotiated transactions.
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