Apptio Inc. (NASDAQ:APTI) insider Sachin Gupta sold 80,000 shares of Apptio stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $21.59, for a total transaction of $1,727,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Apptio Inc. (NASDAQ:APTI) opened at $21.80 on Thursday. Apptio Inc. has a 52-week low of $10.77 and a 52-week high of $24.50.
Apptio (NASDAQ:APTI) last issued its quarterly earnings data on Monday, October 30th. The technology company reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.08. The firm had revenue of $47.00 million for the quarter, compared to the consensus estimate of $44.86 million. Apptio had a negative net margin of 14.77% and a negative return on equity of 36.83%. Apptio’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.45) EPS. equities analysts forecast that Apptio Inc. will post -0.69 earnings per share for the current fiscal year.
Several research analysts have recently commented on APTI shares. Oppenheimer Holdings, Inc. started coverage on shares of Apptio in a report on Thursday, July 27th. They issued an “outperform” rating and a $25.00 price target for the company. Royal Bank Of Canada lifted their price target on shares of Apptio from $19.00 to $21.00 and gave the company an “outperform” rating in a report on Thursday, August 3rd. KeyCorp reaffirmed a “buy” rating and issued a $22.00 price target on shares of Apptio in a report on Friday, October 6th. Bank of America Corporation lifted their price target on shares of Apptio from $20.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, October 31st. Finally, Zacks Investment Research lowered shares of Apptio from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $24.38.
A number of large investors have recently modified their holdings of APTI. SQN Investors LP bought a new stake in Apptio in the 2nd quarter valued at about $23,378,000. FMR LLC lifted its position in Apptio by 113.5% in the 2nd quarter. FMR LLC now owns 2,042,166 shares of the technology company’s stock valued at $35,432,000 after purchasing an additional 1,085,566 shares during the last quarter. GMT Capital Corp bought a new stake in Apptio in the 2nd quarter valued at about $17,495,000. Janus Henderson Group PLC bought a new stake in Apptio in the 2nd quarter valued at about $12,320,000. Finally, Rubric Capital Management LP bought a new stake in Apptio in the 2nd quarter valued at about $10,363,000. Hedge funds and other institutional investors own 44.98% of the company’s stock.
Apptio Company Profile
Apptio, Inc is a provider of technology business management (TBM) solutions. The Company’s cloud-based platform and software as a service (SaaS) applications enable information technology (IT) leaders to analyze, optimize and plan technology investments, and benchmark the financial and operational performance against peers.
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