Trump announces 100% chip tariff as Apple ups U.S. investment
In a recent transaction, Abdiel Capital Advisors, LP, a ten percent owner of Appian Corp (NASDAQ:APPN), sold a significant amount of the company’s Class A Common Stock. According to InvestingPro data, Appian currently trades near its Fair Value, with impressive gross profit margins of ~76% despite not being profitable over the last twelve months. On May 8, 2025, Abdiel Capital executed sales totaling 140,050 shares at prices ranging from $31.76 to $32.19 per share. This transaction amounted to a total value of approximately $4.48 million. Following these sales, Abdiel Capital continues to hold 9,615,066 shares indirectly through various entities, including Abdiel Qualified Master Fund, LP and Abdiel Partners, LLC. The transactions were managed by Colin T. Moran, who serves as the managing member of Abdiel Capital Management, LLC. With revenue growth of ~13% and analysts predicting profitability this year, investors can access detailed analysis and 6 additional key insights through InvestingPro’s comprehensive research report.
In other recent news, Appian Corp reported its Q1 2025 earnings, revealing a slight miss on earnings per share with a loss of $0.02 compared to a forecasted gain of $0.01. However, the company exceeded revenue expectations, bringing in $166.4 million, which marked an 11% increase year-over-year. This positive revenue surprise was largely driven by a 15% growth in cloud subscription revenue, reaching $99.8 million. The company’s focus on AI integration has also shown significant progress, with AI adoption among cloud customers reaching 70%. Appian’s adjusted EBITDA improved significantly to $16.8 million from a loss of $1.3 million in Q1 2024. The company has introduced new AI-inclusive pricing tiers, which contributed to revenue growth. Looking ahead, Appian projects its cloud subscription revenue for the full year 2025 to be between $419 million and $423 million, representing a 14-15% growth. Additionally, the firm is optimistic about federal government spending, a significant sector for its business.
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