DA Davidson gives a Neutral recommendation for Appian Corp (APPN)

Appian Corp’s filing revealed that its 10% Owner Abdiel Capital Advisors, LP unloaded Company’s shares for reported $22.85 million on Aug 07 ’25. In the deal valued at $29.86 per share,764,995 shares were sold. As a result of this transaction, Abdiel Capital Advisors, LP now holds 4,535,812 shares worth roughly $131.95 million.

Then, Abdiel Capital Advisors, LP sold 289,528 shares, generating $8,428,384 in total proceeds. Upon selling the shares at $29.11, the 10% Owner now owns 4,246,284 shares.

Before that, Abdiel Capital Advisors, LP sold 3,316 shares. Appian Corp shares valued at $92,450 were divested by the 10% Owner at a price of $27.88 per share. As a result of the transaction, Abdiel Capital Advisors, LP now holds 5,300,807 shares, worth roughly $154.2 million.

Scotiabank began covering APPN with “Sector perform” recommendation on January 06, 2025. KeyBanc Capital Markets revised its rating on August 02, 2024. It rated APPN as “a Sector weight” which previously was an “an Overweight”.

Price Performance Review of APPN

On Friday, Appian Corp [NASDAQ:APPN] saw its stock fall -0.31% to $29.09. Over the last five days, the stock has gained 5.70%. Appian Corp shares have risen nearly 4.68% since the year began. Nevertheless, the stocks have fallen -11.80% over the past one year.

How much short interest is there in Appian Corp?

A steep rise in short interest was recorded in Appian Corp stocks on 2025-07-15, growing by 1.25 million shares to a total of 3.73 million shares. Yahoo Finance data shows the prior-month short interest on 2025-06-13 was 2.49 million shares. There was a rise of 33.41%, which implies that there is a positive sentiment for the stock.

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