Apptio (NASDAQ:APTI) released its earnings results on Monday, February 5th. The technology company reported ($0.06) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.02, Bloomberg Earnings reports. Apptio had a negative return on equity of 35.28% and a negative net margin of 13.59%. The firm had revenue of $52.40 million for the quarter, compared to analysts’ expectations of $49.93 million. During the same quarter in the previous year, the business posted ($0.11) EPS. The business’s quarterly revenue was up 18.3% compared to the same quarter last year.
Apptio (NASDAQ:APTI) traded up $0.53 during trading on Monday, reaching $25.35. The company’s stock had a trading volume of 594,988 shares, compared to its average volume of 529,682. The company has a market capitalization of $1,002.43, a P/E ratio of -39.00 and a beta of 0.96. Apptio has a 1 year low of $10.77 and a 1 year high of $26.99.
A number of research analysts recently weighed in on the company. Oppenheimer reissued a “buy” rating and set a $25.00 target price on shares of Apptio in a report on Tuesday, October 24th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $24.00 price objective (up from $23.00) on shares of Apptio in a report on Tuesday, October 31st. Barclays upped their price objective on Apptio from $19.00 to $22.00 and gave the company an “equal weight” rating in a report on Tuesday, October 31st. Bank of America upped their price objective on Apptio from $20.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, October 31st. Finally, KeyCorp reissued a “buy” rating and set a $25.00 target price on shares of Apptio in a report on Wednesday, November 1st. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $28.50.
In other news, insider John C. Morrow sold 60,455 shares of the stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $22.65, for a total value of $1,369,305.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sachin Gupta sold 50,593 shares of the stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $22.00, for a total value of $1,113,046.00. The disclosure for this sale can be found here. Insiders sold 431,185 shares of company stock valued at $9,628,021 over the last quarter. Corporate insiders own 43.20% of the company’s stock.
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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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