Appian Corp’s recently made public that its 10% Owner Abdiel Capital Advisors, LP unloaded Company’s shares for reported $2.81 million on Apr 03 ’25. In the deal valued at $27.89 per share,100,895 shares were sold. As a result of this transaction, Abdiel Capital Advisors, LP now holds 10,020,668 shares worth roughly $258.23 million.
Then, Abdiel Capital Advisors, LP sold 78,528 shares, generating $2,080,178 in total proceeds. Upon selling the shares at $26.49, the 10% Owner now owns 9,942,140 shares.
Before that, Abdiel Capital Advisors, LP sold 57,975 shares. Appian Corp shares valued at $1,711,166 were divested by the 10% Owner at a price of $29.52 per share. As a result of the transaction, Abdiel Capital Advisors, LP now holds 10,121,563 shares, worth roughly $260.83 million.
A number of analysts have revised their coverage, including Scotiabank’s analysts, who began to cover the stock in early January with a ‘”a Sector perform”‘ rating. KeyBanc Capital Markets also remained covering APPN and has decreased its forecast on August 02, 2024 with a “Sector weight” recommendation from previously “an Overweight” rating. William Blair revised its rating on August 01, 2024. It rated APPN as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of APPN
On Tuesday, Appian Corp [NASDAQ:APPN] saw its stock fall -0.50% to $25.77. Over the last five days, the stock has lost -10.86%. Appian Corp shares have fallen nearly -21.86% since the year began. Nevertheless, the stocks have fallen -32.24% over the past one year. While a 52-week high of $43.33 was reached on 02/19/25, a 52-week low of $24.00 was recorded on 04/07/25. SMA at 50 days reached $31.78, while 200 days put it at $33.32.
Levels Of Support And Resistance For APPN Stock
The 24-hour chart illustrates a support level at 25.03, which if violated will result in even more drops to 24.30. On the upside, there is a resistance level at 26.86. A further resistance level may holdings at 27.96. The Relative Strength Index (RSI) on the 14-day chart is 29.65, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.10%. Stochastics %K at 17.58% indicates the stock is a buying.
How much short interest is there in Appian Corp?
A steep rise in short interest was recorded in Appian Corp stocks on 2025-03-14, growing by 0.87 million shares to a total of 2.35 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 1.48 million shares. There was a rise of 37.02%, which implies that there is a positive sentiment for the stock.
