Somewhat Positive Media Coverage Somewhat Unlikely to Affect Apptio (APTI) Stock Price

Media coverage about Apptio (NASDAQ:APTI) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Apptio earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 45.5700976042992 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the news articles that may have impacted Accern’s analysis:

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Shares of APTI stock opened at $29.02 on Monday. The company has a market cap of $1,236.69, a price-to-earnings ratio of -45.34 and a beta of 0.04. Apptio has a fifty-two week low of $11.24 and a fifty-two week high of $30.83.

Apptio (NASDAQ:APTI) last announced its quarterly earnings results on Monday, February 5th. The technology company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. The firm had revenue of $52.40 million for the quarter, compared to analysts’ expectations of $49.93 million. Apptio had a negative net margin of 13.59% and a negative return on equity of 33.48%. Apptio’s revenue was up 18.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.11) earnings per share. equities research analysts predict that Apptio will post -0.44 EPS for the current year.

Several equities research analysts recently issued reports on APTI shares. KeyCorp reissued a “buy” rating and issued a $27.00 target price on shares of Apptio in a research report on Wednesday, January 10th. BidaskClub cut shares of Apptio from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 18th. Jefferies Group reissued a “buy” rating and issued a $33.00 target price on shares of Apptio in a research report on Tuesday, February 6th. Barclays raised their target price on shares of Apptio from $22.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. Finally, Zacks Investment Research raised shares of Apptio from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Thursday, February 8th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $30.00.

In other news, insider John C. Morrow sold 13,125 shares of Apptio stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $24.66, for a total transaction of $323,662.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Matthew S. Mcilwain sold 7,400 shares of Apptio stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $25.26, for a total transaction of $186,924.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 572,409 shares of company stock worth $15,561,829. 43.20% of the stock is currently owned by corporate 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.

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

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