Apptio Inc. (NASDAQ:APTI) Director Matthew S. Mcilwain sold 32,500 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $24.92, for a total transaction of $809,900.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Matthew S. Mcilwain also recently made the following trade(s):
- On Thursday, February 8th, Matthew S. Mcilwain sold 7,400 shares of Apptio stock. The shares were sold at an average price of $25.26, for a total transaction of $186,924.00.
Shares of Apptio Inc. (NASDAQ APTI) opened at $25.02 on Wednesday. The stock has a market cap of $1,002.43, a P/E ratio of -38.49 and a beta of 0.96. Apptio Inc. has a 52-week low of $10.77 and a 52-week high of $26.99.
Apptio (NASDAQ:APTI) last posted its quarterly earnings results on Monday, February 5th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 13.59% and a negative return on equity of 35.28%. The firm’s revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.11) earnings per share. sell-side analysts anticipate that Apptio Inc. will post -0.44 EPS for the current fiscal year.
A number of analysts have commented on the stock. Barclays upped their price objective on shares of Apptio from $19.00 to $22.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 31st. Royal Bank of Canada reaffirmed a “buy” rating and set a $29.00 price objective on shares of Apptio in a research note on Friday, January 26th. KeyCorp reaffirmed a “buy” rating and set a $25.00 price objective on shares of Apptio in a research note on Wednesday, November 1st. Oppenheimer reaffirmed a “buy” rating and set a $25.00 price objective on shares of Apptio in a research note on Tuesday, October 24th. Finally, Bank of America upped their price objective on shares of Apptio from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, February 6th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $28.50.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC lifted its position in shares of 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 purchasing an additional 1,085,566 shares in the last quarter. GMT Capital Corp lifted its position in shares of Apptio by 59.7% in the third quarter. GMT Capital Corp now owns 1,617,314 shares of the technology company’s stock worth $29,872,000 after purchasing an additional 604,300 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in shares of Apptio in the second quarter worth approximately $12,320,000. Rubric Capital Management LP lifted its position in shares of Apptio by 11.9% in the third quarter. Rubric Capital Management LP now owns 668,628 shares of the technology company’s stock worth $12,350,000 after purchasing an additional 71,318 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Apptio by 117.7% in the second quarter. Vanguard Group Inc. now owns 664,629 shares of the technology company’s stock worth $11,532,000 after purchasing an additional 359,373 shares in the last quarter. 45.54% of the stock is owned by institutional investors and hedge funds.
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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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