Abdiel Capital Is Buying More APPN

The most significant insider buy on today's list comes via a Form 4 filing by Abdiel Capital LP. The investment firm continues to build a position in Appian Corporation $APPN.

This time, Abdiel revealed a purchase of roughly $4.3 million, increasing its ownership stake to approximately 18.50%.

Here’s The Hot Corner, with data from July 26, 2024:

Neuberger Berman Group LLC filed a 13D for E2open Parent Holdings Inc $ETWO revealing an increase in ownership from 9.95% to 12.80%.

Last month, APPN experienced a nasty whipsaw, making multi-year lows.

However, it quickly recovered, resulting in a major failure at a shelf of former lows:

As long as price stays above 30, bulls are in control.

Stay tuned. We'll be back on Tuesday with more insider activity.

And please reach out with any questions. We love hearing from you!