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Abdiel Capital Advisors, L.P., along with related entities and Colin T. Moran, reported selling shares of Appian Corp (NASDAQ:APPN) in a series of transactions between July 22 and July 24, 2025. The sales of Class A Common Stock amounted to a total value of $17,118,717. According to InvestingPro data, Appian, currently valued at $2.19 billion, maintains impressive gross profit margins of 76.37% despite showing volatile stock price movements.
The transactions involved the disposal of 544,533 shares. The price per share ranged from $28.77 to $30.14.
Specifically, on July 22, 2025, 74,617 shares were sold at a weighted average price of $29.37, with individual prices ranging from $29.03 to $29.81. An additional 3,581 shares were sold at the same weighted average price. On July 23, 2025, sales occurred at $28.77 and $29.54, and $30.14, with prices ranging from $28.53 to $28.99, $29.02 to $30.00 and $30.00 to $30.30 respectively. Finally, on July 24, 2025, 46,005 and 2,208 shares were sold at an average price of $29.59, with prices ranging from $29.50 to $30.42.
The shares are indirectly owned by Abdiel Qualified Master Fund, LP, Abdiel Capital, LP, and Abdiel Partners, LLC. Following these transactions, the total shares owned following the transactions is 5,940,717. InvestingPro subscribers can access detailed analysis and the upcoming earnings report scheduled for August 7, 2025, along with 6 additional ProTips about Appian’s financial health and prospects.
In other recent news, Appian reported first-quarter results that exceeded expectations, with a 1.9% increase in top-line revenue and a 1.4% rise in cloud revenue. The company’s EBITDA outperformed forecasts by $7.6 million, prompting Citi to raise its stock price target to $41 while maintaining a Buy rating. Appian has also launched a $10 million stock repurchase program to offset employee stock-based compensation. Additionally, the company has been recognized as a leader in AI claims management by Everest Group, with the launch of its Connected Claims 2.0 solution aimed at streamlining insurance claims processes. The company expanded its sales leadership team in the UK and EMEA, appointing Vicky Nesbit, Vincent Perrin, and Rob Cook to key positions. Moreover, Appian appointed David Crozier as Chief Marketing Officer, who brings over 20 years of marketing experience. These developments indicate Appian’s ongoing strategic initiatives and recognition in the industry.
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