Abdiel Capital sold Appian (APPN) shares worth $8.3m

Published 22/07/2025, 07:12
Abdiel Capital sold Appian (APPN) shares worth $8.3m

Abdiel Capital Advisors, LP, along with related entities and Colin T. Moran, reported selling shares of Appian Corp (NASDAQ:APPN) between July 17 and July 21, 2025. The total value of shares sold amounted to $8.37 million, with prices ranging from $28.49 to $29.03. According to InvestingPro data, Appian, currently valued at $2.15 billion, is trading near its Fair Value ahead of its earnings report on August 7.

The sales involved multiple transactions. On July 17, Abdiel Qualified Master Fund, LP sold 42,941 shares at a weighted average price of $28.51, Abdiel Capital, LP sold 2,059 shares at $28.51, and Abdiel Partners, LLC sold 629 shares at $28.80.

On July 18, Abdiel Qualified Master Fund, LP sold 192,481 shares at a weighted average price of $28.81, Abdiel Capital, LP sold 9,237 shares at $28.81, and Abdiel Partners, LLC sold 641 shares at $28.49.

On July 21, Abdiel Qualified Master Fund, LP sold 40,743 shares at a weighted average price of $29.03, and Abdiel Capital, LP sold 1,954 shares at $29.03.

Following these transactions, Abdiel Qualified Master Fund, LP, Abdiel Capital, LP, and Abdiel Partners, LLC, continue to hold a significant number of Appian shares. Track insider transactions and access comprehensive analysis with InvestingPro, which offers detailed research reports on 1,400+ US stocks, including Appian Corp.

In other recent news, Appian reported first-quarter earnings that exceeded expectations, with a 1.9% beat on top-line revenue and a significant EBITDA outperformance of $7.6 million. The company’s federal business segment, which makes up about 24% of Q1 revenue, saw a remarkable 59% growth in bookings year-over-year. In addition, Appian announced a $10 million stock repurchase program to offset shares issued under a new employee compensation plan. Citi analyst Steven Enders raised the price target for Appian to $41 and maintained a Buy rating, citing strong federal sector performance and advancements in AI monetization. Appian also expanded its sales leadership team in the UK and EMEA regions, appointing three new executives to strengthen its market presence. Furthermore, Appian was recognized as a Leader in AI-enabled Claims Management Systems by Everest Group, highlighting its innovative Connected Claims 2.0 solution. Lastly, Appian appointed David Crozier as Chief Marketing Officer to enhance its marketing strategies and growth initiatives. These developments reflect Appian’s ongoing efforts to strengthen its market position and drive growth.

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