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Abdiel Capital Advisors, L.P., along with related entities, reported selling 289,340 shares of Appian Corp (NASDAQ:APPN) Class A Common Stock between July 9 and July 11, 2025. According to InvestingPro data, Appian, currently valued at $2.13 billion, maintains impressive gross profit margins of 76.37% despite recent stock volatility. The sales, executed in multiple transactions, fetched prices ranging from $30.12 to $31.19, totaling approximately $8.96 million.
The sales were conducted by Abdiel Qualified Master Fund, LP and Abdiel Capital, LP. On July 9, Abdiel Qualified Master Fund, LP sold 191,118 shares and Abdiel Capital, LP sold 8,425 shares, both at a price of $31.19.
On July 10, Abdiel Qualified Master Fund, LP sold 80,371 shares at prices ranging from $30.03 to $30.97, 2,797 shares at prices ranging from $31.03 to $31.09; Abdiel Capital, LP sold 3,741 shares at prices ranging from $30.03 to $30.97 and 130 shares at prices ranging from $31.03 to $31.09.
On July 11, Abdiel Qualified Master Fund, LP sold 1,919 shares and Abdiel Capital, LP sold 89 shares, both at prices ranging from $30.01 to $30.24.
Following these transactions, the entities still hold a significant number of Appian shares.
In other recent news, Appian Corporation reported its first-quarter 2025 earnings, revealing a revenue of $166.4 million, which surpassed expectations, although it missed earnings per share estimates with a loss of $0.02. Despite this, the company’s cloud subscription revenue grew by 15% year-over-year, contributing to a positive revenue surprise. Appian also announced the launch of a $10 million stock repurchase program, set to commence in May 2025, aiming to offset share issuance under a new employee compensation plan. In another development, Citi analyst Steven Enders raised the price target for Appian to $41, maintaining a Buy rating after the company’s strong first-quarter results and advancements in AI monetization. The company was also recognized as a leader in AI-enabled claims management systems by Everest Group, following the launch of its Connected Claims 2.0 solution, which aims to streamline insurance claims processes through AI-driven automation. Additionally, Appian expanded its sales leadership team in the UK and EMEA, appointing new executives to strengthen its market presence in these regions.
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