Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Appian Corp shares valued at $9,549,000 were sold by Abdiel Capital Advisors, LP on Jun 03 ’25. At $31.83 per share, Abdiel Capital Advisors, LP sold 300,000 shares. The insider’s holdings dropped to 8,430,391 shares worth approximately $268.09 million following the completion of this transaction.
Also, Abdiel Capital Advisors, LP sold 300,000 shares, netting a total of over 9,441,000 in proceeds. Following the sale of shares at $31.47 each, the insider now holds 8,767,828 shares.
Before that, Abdiel Capital Advisors, LP had sold 37,437 shares from its account. In a trade valued at $1,176,645, the 10% Owner traded Appian Corp shares for $31.43 each. Upon closing the transaction, the insider’s holdings decreased to 37,437 shares, worth approximately $277.63 million.
Analysts at Scotiabank started covering the stock with ‘”a Sector perform”‘ outlook in a report released in early January. As of August 02, 2024, KeyBanc Capital Markets has decreased its “an Overweight” rating to a “Sector weight” for APPN. Earlier on August 01, 2024, William Blair downgraded its rating. Their new recommendation was “a Mkt perform” for APPN stock which previously was a “an Outperform”.
Analyzing APPN Stock Performance
During the last five days, there has been a surge of approximately 1.56%. Over the course of the year, Appian Corp shares have dropped approximately -3.58%. Shares of the company reached a 52-week high of $41.05 on 02/19/25 and a 52-week low of $24.00 on 04/07/25.
Support And Resistance Levels for Appian Corp (APPN)
According to the 24-hour chart, there is a support level at 31.39, which, if violated, would cause prices to drop to 30.98. In the upper region, resistance lies at 32.47. The next price resistance is at 33.14. RSI (Relative Strength Index) is 54.69 on the 14-day chart, showing neutral technical sentiment.
