Appian Corp’s recent filing unveils that its 10% Owner Abdiel Capital Advisors, LP unloaded Company’s shares for reported $12.98 million on Feb 21 ’24. In the deal valued at $32.44 per share,400,000 shares were sold. As a result of this transaction, Abdiel Capital Advisors, LP now holds 5,890,304 shares worth roughly $223.77 million.
Then, Abdiel Capital Advisors, LP sold 248,000 shares, generating $8,283,680 in total proceeds. Upon selling the shares at $33.40, the 10% Owner now owns 6,290,304 shares.
Before that, Abdiel Capital Advisors, LP sold 29,126 shares. Appian Corp shares valued at $977,710 were divested by the 10% Owner at a price of $33.57 per share. As a result of the transaction, Abdiel Capital Advisors, LP now holds 6,538,304 shares, worth roughly $248.39 million.
Citigroup upgraded its Appian Corp [APPN] rating to a Buy from a a Neutral in a research note published on January 11, 2024; the price target was decreased to $45 from $47. A number of analysts have revised their coverage, including DA Davidson’s analysts, who increased its forecast for the stock in early November from “a Neutral” to “a Buy”. DA Davidson began covering APPN with “Neutral” recommendation on June 06, 2023. SMBC Nikko revised its rating on January 09, 2023. It rated APPN as “an Underperform” which previously was an “a Neutral”.
Price Performance Review of APPN
On Monday, Appian Corp [NASDAQ:APPN] saw its stock fall -1.25% to $37.99. Over the last five days, the stock has lost -4.60%. Appian Corp shares have risen nearly 0.88% since the year began. Nevertheless, the stocks have fallen -8.81% over the past one year. While a 52-week high of $54.26 was reached on 04/09/24, a 52-week low of $30.87 was recorded on 02/05/24. SMA at 50 days reached $35.97, while 200 days put it at $40.57. A total of 0.95 million shares were traded, compared to the trading of 0.42 million shares in the previous session.
Levels Of Support And Resistance For APPN Stock
The 24-hour chart illustrates a support level at 37.49, which if violated will result in even more drops to 36.98. On the upside, there is a resistance level at 38.56. A further resistance level may holdings at 39.12. The Relative Strength Index (RSI) on the 14-day chart is 50.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.28%. Stochastics %K at 41.76% indicates the stock is a holding.
The most recent change occurred on December 21, 2022 when SMBC Nikko began covering the stock and recommended ‘”a Neutral”‘ rating along with a $37 price target.
