Kurt Shintaffer Sells 20,000 Shares of Apptio Inc. (APTI) Stock

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.

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

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