Apptio (NASDAQ:APTI) Insider Sachin Gupta Sells 80,000 Shares

Apptio (NASDAQ:APTI) insider Sachin Gupta sold 80,000 shares of the stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $29.47, for a total value of $2,357,600.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Sachin Gupta also recently made the following trade(s):

  • On Thursday, March 8th, Sachin Gupta sold 80,000 shares of Apptio stock. The shares were sold at an average price of $29.65, for a total value of $2,372,000.00.
  • On Wednesday, February 28th, Sachin Gupta sold 80,000 shares of Apptio stock. The shares were sold at an average price of $28.63, for a total value of $2,290,400.00.
  • On Thursday, February 15th, Sachin Gupta sold 80,000 shares of Apptio stock. The shares were sold at an average price of $25.76, for a total value of $2,060,800.00.

NASDAQ:APTI traded down $0.56 during mid-day trading on Friday, reaching $28.04. The company’s stock had a trading volume of 325,768 shares, compared to its average volume of 544,058. Apptio has a twelve month low of $11.01 and a twelve month high of $30.83. The firm has a market cap of $1,218.79, a price-to-earnings ratio of -43.81 and a beta of 0.04.

Apptio (NASDAQ:APTI) last issued 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 firm had revenue of $52.40 million for the quarter, compared to analyst estimates of $49.93 million. Apptio had a negative return on equity of 33.48% and a negative net margin of 13.59%. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period last year, the company earned ($0.11) EPS. equities analysts predict that Apptio will post -0.44 earnings per share for the current year.

APTI has been the topic of a number of analyst reports. Zacks Investment Research lowered Apptio from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Nomura initiated coverage on Apptio in a research note on Tuesday, January 23rd. They set a “buy” rating and a $33.00 price objective on the stock. BidaskClub lowered Apptio from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 14th. KeyCorp reaffirmed a “buy” rating and set a $27.00 price objective on shares of Apptio in a research note on Wednesday, January 10th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $29.00 price target on shares of Apptio in a research note on Friday, January 26th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $30.00.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Worth Venture Partners LLC lifted its stake in shares of Apptio by 8.9% in the 3rd quarter. Worth Venture Partners LLC now owns 40,849 shares of the technology company’s stock valued at $754,000 after purchasing an additional 3,350 shares in the last quarter. American International Group Inc. lifted its stake in shares of Apptio by 32.0% in the 4th quarter. American International Group Inc. now owns 15,713 shares of the technology company’s stock valued at $370,000 after purchasing an additional 3,811 shares in the last quarter. California State Teachers Retirement System lifted its stake in shares of Apptio by 12.3% in the 3rd quarter. California State Teachers Retirement System now owns 35,252 shares of the technology company’s stock valued at $651,000 after purchasing an additional 3,852 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Apptio by 6.7% in the 4th quarter. Bank of New York Mellon Corp now owns 67,161 shares of the technology company’s stock valued at $1,580,000 after purchasing an additional 4,192 shares in the last quarter. Finally, Thompson Davis & CO. Inc. lifted its stake in shares of Apptio by 3,900.0% in the 4th quarter. Thompson Davis & CO. Inc. now owns 5,000 shares of the technology company’s stock valued at $118,000 after purchasing an additional 4,875 shares in the last quarter. 54.27% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: “Apptio (NASDAQ:APTI) Insider Sachin Gupta Sells 80,000 Shares” was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this report on another site, it was illegally stolen and republished in violation of United States & international trademark & copyright law. The legal version of this report can be read at https://www.dispatchtribunal.com/2018/04/07/sachin-gupta-sells-80000-shares-of-apptio-inc-apti-stock-4.html.

Apptio Company Profile

Apptio, Inc provides cloud-based technology business management (TBM) solutions to enterprises. Its cloud-based platform and SaaS applications enable IT leaders to analyze, optimize, and plan technology investments, as well as to benchmark financial and operational performance against peers. The company's TBM solutions consist of adaptive data management, which aggregates, cleanses, and correlates large amounts of customer data from various sources; and standard IT operating model and taxonomy that offers a standard model for how IT costs are captured, categorized, and allocated to IT and business services.

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

Receive News & Ratings for Apptio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apptio and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply