The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Appian Corp shares valued at $1,810,975 were sold by Abdiel Capital Advisors, LP on Jun 09 ’25. At $32.05 per share, Abdiel Capital Advisors, LP sold 56,500 shares. The insider’s holdings dropped to 7,796,941 shares worth approximately $238.51 million following the completion of this transaction.
Also, Abdiel Capital Advisors, LP sold 50,000 shares, netting a total of over 1,579,500 in proceeds. Following the sale of shares at $31.59 each, the insider now holds 7,746,941 shares.
Before that, Abdiel Capital Advisors, LP had sold 10,450 shares from its account. In a trade valued at $328,652, the 10% Owner traded Appian Corp shares for $31.45 each. Upon closing the transaction, the insider’s holdings decreased to 10,450 shares, worth approximately $236.66 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 drop of approximately -3.81%. Over the course of the year, Appian Corp shares have dropped approximately -7.25%. 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 30.23, which, if violated, would cause prices to drop to 29.87. In the upper region, resistance lies at 31.06. The next price resistance is at 31.53. RSI (Relative Strength Index) is 43.36 on the 14-day chart, showing neutral technical sentiment.
