Sachin Gupta Sells 80,000 Shares of Apptio Inc. (APTI) Stock

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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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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