Kurt Shintaffer Sells 60,000 Shares of Apptio Inc. (APTI) Stock

Apptio Inc. (NASDAQ:APTI) CFO Kurt Shintaffer sold 60,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $25.06, for a total transaction of $1,503,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Kurt Shintaffer also recently made the following trade(s):

  • On Monday, February 12th, Kurt Shintaffer sold 20,000 shares of Apptio stock. The stock was sold at an average price of $25.05, for a total transaction of $501,000.00.
  • On Thursday, November 16th, Kurt Shintaffer sold 20,000 shares of Apptio stock. The stock was sold at an average price of $22.08, for a total transaction of $441,600.00.

Shares of Apptio Inc. (NASDAQ APTI) traded up $0.21 on Wednesday, reaching $25.23. The company’s stock had a trading volume of 865,548 shares, compared to its average volume of 546,824. The stock has a market capitalization of $1,020.00 and a price-to-earnings ratio of -38.82. Apptio Inc. has a 1-year low of $10.77 and a 1-year high of $26.99.

Apptio (NASDAQ:APTI) last issued its earnings results on Monday, February 5th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.02. The business had revenue of $52.40 million during the quarter, compared to analyst estimates of $49.93 million. Apptio had a negative return on equity of 35.28% and a negative net margin of 13.59%. Apptio’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.11) earnings per share. sell-side analysts predict that Apptio Inc. will post -0.44 EPS for the current fiscal year.

Several research analysts recently weighed in on APTI shares. Oppenheimer restated a “buy” rating and issued a $25.00 price objective on shares of Apptio in a research report on Tuesday, October 24th. Zacks Investment Research cut shares of Apptio from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. JMP Securities started coverage on shares of Apptio in a research report on Monday, November 27th. They issued an “outperform” rating and a $28.00 price objective on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $24.00 target price (up previously from $23.00) on shares of Apptio in a research note on Tuesday, October 31st. Finally, Bank of America upped their target price on Apptio from $20.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $28.50.

A number of institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC boosted its stake in Apptio by 113.5% in the second quarter. FMR LLC now owns 2,042,166 shares of the technology company’s stock worth $35,432,000 after buying an additional 1,085,566 shares in the last quarter. GMT Capital Corp boosted its stake in shares of Apptio by 59.7% during the third quarter. GMT Capital Corp now owns 1,617,314 shares of the technology company’s stock valued at $29,872,000 after purchasing an additional 604,300 shares during the period. Janus Henderson Group PLC purchased a new stake in shares of Apptio during the second quarter valued at approximately $12,320,000. Rubric Capital Management LP boosted its stake in shares of Apptio by 11.9% during the third quarter. Rubric Capital Management LP now owns 668,628 shares of the technology company’s stock valued at $12,350,000 after purchasing an additional 71,318 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Apptio by 117.7% during the second quarter. Vanguard Group Inc. now owns 664,629 shares of the technology company’s stock valued at $11,532,000 after purchasing an additional 359,373 shares during the period. 45.54% of the stock is owned by institutional investors and hedge funds.

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About Apptio

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.

Insider Buying and Selling by Quarter for Apptio (NASDAQ:APTI)

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