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In a recent disclosure, Abdiel Capital Advisors, LP, a significant shareholder of Appian Corp (NASDAQ:APPN), reported the sale of 151,400 shares of the company’s Class A Common Stock. The transactions, executed on May 20 and May 21, 2025, fetched a total of approximately $4.87 million. The shares were sold at prices ranging from $32.01 to $32.2 per share. The software company, currently valued at $2.32 billion, maintains impressive gross profit margins of 76.37% and has shown a 13% revenue growth over the last twelve months.
Following these transactions, Abdiel Capital’s holdings in Appian Corp have decreased, with 9,199,001 shares remaining. The sales were made through Abdiel Qualified Master Fund, LP, as indicated in the filing. Colin T. Moran, the managing member of Abdiel Capital Management, LLC, signed the report on behalf of the involved entities. According to InvestingPro analysis, the stock is currently trading near its Fair Value, with analysts setting price targets between $29 and $41.
In other recent news, Appian Corp reported its first-quarter 2025 financial results, revealing a revenue of $166.4 million, which exceeded expectations. Despite a slight miss on earnings per share, posting a loss of $0.02 against a forecasted gain of $0.01, the company’s cloud subscription revenue grew by 15% year-over-year. Appian’s EBITDA also showed a significant improvement, reaching $16.8 million compared to a loss of $1.3 million in the same quarter last year. The company introduced new AI-inclusive pricing tiers, contributing $9 million to the quarter’s revenue, highlighting the growing demand for AI-driven services.
Citi analyst Steven Enders raised the price target for Appian to $41, maintaining a Buy rating, following the company’s earnings report. Enders noted the company’s strong performance in the federal sector and advancements in AI monetization as positive factors. The federal business segment, which makes up about 24% of Appian’s revenue, saw a 59% year-over-year increase in bookings. Management expressed cautious optimism for the rest of the year, citing robust results and ongoing AI monetization efforts.
Appian’s CEO emphasized the transformative role of AI in the company’s strategy, with AI adoption among cloud customers reaching 70%. The company expects cloud subscription revenue for 2025 to range between $419 million and $423 million, representing 14-15% growth. Total (EPA:TTEF) revenue for the year is projected to be between $680 million and $688 million. These developments underscore Appian’s strategic focus on AI and its impact on the company’s growth trajectory.
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