Media headlines about Apptio (NASDAQ:APTI) have been trending somewhat positive recently, Accern Sentiment reports. Accern rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Apptio earned a news impact score of 0.23 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 44.9137776511074 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
Shares of APTI traded down $0.56 during midday trading on Friday, reaching $28.04. 325,768 shares of the stock were exchanged, compared to its average volume of 544,058. Apptio has a 12-month low of $11.01 and a 12-month high of $30.83. The company has a market capitalization of $1,194.92, a PE ratio of -43.81 and a beta of 0.04.
Apptio (NASDAQ:APTI) last posted its quarterly earnings results on Monday, February 5th. The technology company reported ($0.06) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.02. Apptio had a negative return on equity of 33.48% and a negative net margin of 13.59%. The company had revenue of $52.40 million during the quarter, compared to the consensus estimate of $49.93 million. During the same period last year, the business earned ($0.11) EPS. The business’s quarterly revenue was up 18.3% on a year-over-year basis. equities analysts forecast that Apptio will post -0.44 earnings per share for the current year.
A number of equities research analysts have commented on the company. Royal Bank of Canada restated a “buy” rating and set a $29.00 price objective on shares of Apptio in a research report on Friday, January 26th. Oppenheimer raised their price objective on Apptio from $31.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, March 15th. Bank of America raised their price target on Apptio from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. BidaskClub raised Apptio from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 7th. Finally, Zacks Investment Research downgraded Apptio from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Apptio currently has a consensus rating of “Buy” and a consensus target price of $30.00.
In related news, CFO Kurt Shintaffer sold 60,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $25.06, for a total value of $1,503,600.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Sachin Gupta sold 80,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $25.76, for a total value of $2,060,800.00. The disclosure for this sale can be found here. Insiders sold a total of 572,409 shares of company stock worth $15,561,829 over the last three months. 43.20% of the stock is owned by company insiders.
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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.
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