Matthew S. Mcilwain Sells 32,500 Shares of Apptio Inc. (APTI) Stock

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.

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

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