Added to YB: 2025-03-20
Pitch date: 2025-03-18
APPN [bearish]
Appian Corporation
-27.59%
current return
Author Info
The Captain's Log is run by Lauren Balik and shares independent investment research (mostly shorts). Sign up for the newsletter.
Company Info
Appian Corporation operates as a software company in the United States, Australia, Canada, France, Germany, India, Italy, Japan, Mexico, the Netherlands, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom, and internationally.
Market Cap
$3.2B
Pitch Price
$29.65
Price Target
N/A
Dividend
N/A
EV/EBITDA
87.95
P/E
-407.71
EV/Sales
4.77
Sector
Software
Category
special_situation
Appian (NASDAQ: APPN): 'Low Code' Compliance Software Enabling Russia's Regime
APPN short: 'Low code' platform enabling Raiffeisen Bank's Russian money laundering via Kosovo tech center. Opaque financials, removed key metrics. CFO Lynch's history of restatements. CEO's hypocrisy on Russia. Risk of European crackdown on Raiffeisen. Customer concentration, growth concerns. Strong sell.
Read full article (8 min)