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Abdiel Capital, a ten percent owner of Appian CORP (NASDAQ:APPN), has sold 302,651 shares of Class A Common Stock for approximately $9.3 million. The sales occurred between July 3 and July 8, 2025, with prices ranging from $30.45 to $31.27 per share. According to InvestingPro data, Appian currently has a market capitalization of $2.33 billion, and the stock has shown notable volatility with a beta of 1.73.
On July 3, Abdiel Qualified Master Fund, LP, sold 24,597 shares at a weighted average price of $30.45, in multiple transactions at prices ranging from $30.07 to $30.91, for a total value of $749,036. Abdiel Partners, LLC, sold 597 shares at $30.51, totaling $18,219. InvestingPro analysis shows analyst targets ranging from $29 to $41, with the company expected to become profitable this year.
On July 7, Abdiel Qualified Master Fund, LP, sold 91,852 shares in multiple transactions at prices ranging from $30.19 to $31.00, with a weighted average price of $30.77, for a total of $2,836,236. An additional 108,148 shares were sold by Abdiel Qualified Master Fund, LP, at a weighted average price of $31.14, in multiple transactions at prices ranging from $31.00 to $31.27, for a total of $3,367,719. Abdiel Partners, LLC, sold 587 shares at a weighted average price of $31.02, in multiple transactions at prices ranging from $31.01 to $31.04, for a total of $18,208.
On July 8, Abdiel Qualified Master Fund, LP, sold 75,000 shares in multiple transactions at prices ranging from $30.90 to $31.50, with a weighted average price of $31.27, for a total of $2,345,250. Abdiel Partners, LLC, sold 598 shares at a weighted average price of $31.19, in multiple transactions at prices ranging from $31.18 to $31.19, for a total of $18,652.
Following these transactions, Abdiel Qualified Master Fund, LP, Abdiel Capital, LP, and Abdiel Partners, LLC, collectively, still own 7,228,390 shares. Colin T. Moran may be deemed to beneficially own these securities due to his relationships with Abdiel Capital Management, LLC and Abdiel Capital Partners (WA:CPAP), LLC, but he disclaims beneficial ownership except to the extent of his pecuniary interest. InvestingPro data indicates Appian maintains impressive gross profit margins of 76% and operates with a moderate level of debt. Subscribers can access the comprehensive Pro Research Report for deeper insights into Appian’s financial health and growth prospects.
In other recent news, Appian Corporation has reported its Q1 2025 earnings, revealing a revenue of $166.4 million, which surpassed expectations. Despite a slight miss on earnings per share, with a loss of $0.02 against a forecasted gain of $0.01, the company’s revenue performance was bolstered by significant growth in AI-driven cloud subscription services. Appian’s cloud subscription revenue grew by 15% year-over-year, contributing to a positive revenue surprise. Additionally, Appian announced the launch of a $10 million stock repurchase program to offset employee stock-based compensation.
In another development, Citi analyst Steven Enders raised Appian’s stock price target to $41, maintaining a Buy rating. This follows Appian’s first-quarter results, which showed a notable EBITDA beat and a 1.9% top-line revenue outperformance. The company’s federal business segment also experienced strong bookings growth of 59% year-over-year, contributing to a positive outlook.
Furthermore, Appian has been recognized as a Leader in AI-enabled Claims Management Systems for Property & Casualty Insurance by Everest Group. The company launched Connected Claims 2.0, a solution aimed at streamlining the insurance claims process through AI-driven automation and data integration. This recognition underscores Appian’s commitment to innovation in the insurance industry.
Lastly, Appian expanded its sales leadership team in the UK and EMEA regions by appointing three new sales executives. This move aligns with the company’s strategy to enhance its market presence and drive revenue growth in these regions.
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