Appian Corp’s filing revealed that its 10% Owner Abdiel Capital Advisors, LP unloaded Company’s shares for reported $5.36 million on May 16 ’25. In the deal valued at $32.66 per share,164,000 shares were sold. As a result of this transaction, Abdiel Capital Advisors, LP now holds 9,350,401 shares worth roughly $300.62 million.
Then, Abdiel Capital Advisors, LP sold 100,665 shares, generating $3,288,462 in total proceeds. Upon selling the shares at $32.67, the 10% Owner now owns 9,514,401 shares.
Before that, Abdiel Capital Advisors, LP sold 140,050 shares. Appian Corp shares valued at $4,475,537 were divested by the 10% Owner at a price of $31.96 per share. As a result of the transaction, Abdiel Capital Advisors, LP now holds 9,615,066 shares, worth roughly $309.12 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 -0.28% to $32.15. Over the last five days, the stock has lost -2.28%. Appian Corp shares have fallen nearly -2.52% since the year began. Nevertheless, the stocks have fallen -3.66% 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 $29.84, while 200 days put it at $32.89.
Levels Of Support And Resistance For APPN Stock
The 24-hour chart illustrates a support level at 31.87, which if violated will result in even more drops to 31.60. On the upside, there is a resistance level at 32.40. A further resistance level may holdings at 32.66. The Relative Strength Index (RSI) on the 14-day chart is 58.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.94%. Stochastics %K at 64.46% indicates the stock is a holding.
