Apptio Inc. (NASDAQ:APTI) CFO Kurt Shintaffer sold 20,000 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $26.22, for a total value of $524,400.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Kurt Shintaffer also recently made the following trade(s):
- On Tuesday, February 20th, Kurt Shintaffer sold 50,000 shares of Apptio stock. The shares were sold at an average price of $26.10, for a total value of $1,305,000.00.
- On Monday, February 12th, Kurt Shintaffer sold 20,000 shares of Apptio stock. The shares were sold at an average price of $25.05, for a total value of $501,000.00.
- On Wednesday, February 14th, Kurt Shintaffer sold 60,000 shares of Apptio stock. The shares were sold at an average price of $25.06, for a total value of $1,503,600.00.
Shares of Apptio Inc. (NASDAQ APTI) opened at $26.30 on Wednesday. Apptio Inc. has a 52 week low of $10.77 and a 52 week high of $26.99.
Apptio (NASDAQ:APTI) last released its earnings results on Monday, February 5th. The technology company reported ($0.06) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.02. The company had revenue of $52.40 million during the quarter, compared to analysts’ expectations of $49.93 million. Apptio had a negative return on equity of 35.28% and a negative net margin of 13.59%. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period last year, the firm earned ($0.11) EPS. analysts expect that Apptio Inc. will post -0.44 EPS for the current fiscal year.
A number of research firms recently weighed in on APTI. BidaskClub raised Apptio from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 7th. Barclays raised their price target on Apptio from $22.00 to $28.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. Bank of America raised their price target on Apptio from $25.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Jefferies Group reaffirmed a “buy” rating and set a $33.00 price target on shares of Apptio in a report on Tuesday, February 6th. Finally, Oppenheimer reaffirmed a “buy” rating and set a $31.00 price target on shares of Apptio in a report on Tuesday, January 30th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $28.50.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Alkeon Capital Management LLC acquired a new stake in shares of Apptio in the 4th quarter valued at $9,396,000. Pier Capital LLC acquired a new stake in shares of Apptio in the 4th quarter valued at $5,942,000. Element Capital Management LLC acquired a new stake in shares of Apptio in the 4th quarter valued at $3,593,000. LPL Financial LLC acquired a new stake in shares of Apptio in the 4th quarter valued at $320,000. Finally, Crestline Management LP acquired a new stake in shares of Apptio in the 4th quarter valued at $309,000. 47.80% of the stock is owned by institutional investors.
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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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