Apptio Inc. (NASDAQ:APTI) insider Sachin Gupta sold 80,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $25.76, for a total value of $2,060,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Sachin Gupta also recently made the following trade(s):
- On Tuesday, December 12th, Sachin Gupta sold 71,800 shares of Apptio stock. The stock was sold at an average price of $22.65, for a total value of $1,626,270.00.
- On Wednesday, December 6th, Sachin Gupta sold 50,593 shares of Apptio stock. The stock was sold at an average price of $22.00, for a total value of $1,113,046.00.
- On Wednesday, November 29th, Sachin Gupta sold 80,000 shares of Apptio stock. The stock was sold at an average price of $22.30, for a total value of $1,784,000.00.
- On Wednesday, November 22nd, Sachin Gupta sold 80,000 shares of Apptio stock. The stock was sold at an average price of $22.16, for a total value of $1,772,800.00.
Apptio Inc. (APTI) opened at $26.19 on Friday. Apptio Inc. has a 52 week low of $10.77 and a 52 week high of $26.99. The stock has a market capitalization of $1,040.00 and a P/E ratio of -40.29.
Apptio (NASDAQ:APTI) last announced its quarterly earnings data on Monday, February 5th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.02. Apptio had a negative return on equity of 35.28% and a negative net margin of 13.59%. The company had revenue of $52.40 million for the quarter, compared to analysts’ expectations of $49.93 million. During the same quarter in the prior year, the firm earned ($0.11) earnings per share. Apptio’s revenue was up 18.3% compared to the same quarter last year. equities analysts anticipate that Apptio Inc. will post -0.44 earnings per share for the current fiscal year.
Several equities research analysts have recently weighed in on APTI shares. Oppenheimer reiterated a “buy” rating and issued a $25.00 price target on shares of Apptio in a report on Tuesday, October 24th. BidaskClub upgraded Apptio from a “buy” rating to a “strong-buy” rating in a report on Friday, January 5th. Zacks Investment Research downgraded Apptio from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. KeyCorp reissued a “buy” rating and issued a $25.00 price objective on shares of Apptio in a research note on Wednesday, November 1st. Finally, Jefferies Group reissued a “buy” rating and issued a $33.00 price objective on shares of Apptio in a research note on Tuesday, February 6th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $28.50.
A number of large investors have recently made changes to their positions in APTI. Thompson Davis & CO. Inc. boosted its position in Apptio by 3,900.0% during the 4th quarter. Thompson Davis & CO. Inc. now owns 5,000 shares of the technology company’s stock valued at $118,000 after acquiring an additional 4,875 shares in the last quarter. Nationwide Fund Advisors boosted its position in Apptio by 244.9% during the 2nd quarter. Nationwide Fund Advisors now owns 10,199 shares of the technology company’s stock valued at $177,000 after acquiring an additional 7,242 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in Apptio during the 2nd quarter valued at $207,000. Trexquant Investment LP bought a new stake in Apptio during the 3rd quarter valued at $230,000. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Apptio by 321.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,254 shares of the technology company’s stock worth $265,000 after purchasing an additional 11,633 shares in the last quarter. 45.54% of the stock is currently owned by institutional investors.
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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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