Lawrence Blasko Sells 11,179 Shares of Apptio (APTI) Stock

Apptio (NASDAQ:APTI) CRO Lawrence Blasko sold 11,179 shares of the company’s stock in a transaction that occurred on Friday, May 18th. The shares were sold at an average price of $31.08, for a total value of $347,443.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Lawrence Blasko also recently made the following trade(s):

  • On Tuesday, May 15th, Lawrence Blasko sold 3,671 shares of Apptio stock. The shares were sold at an average price of $30.20, for a total transaction of $110,864.20.
  • On Friday, May 11th, Lawrence Blasko sold 29,000 shares of Apptio stock. The shares were sold at an average price of $30.26, for a total transaction of $877,540.00.
  • On Wednesday, May 9th, Lawrence Blasko sold 36,900 shares of Apptio stock. The shares were sold at an average price of $32.03, for a total transaction of $1,181,907.00.
  • On Tuesday, March 13th, Lawrence Blasko sold 5,500 shares of Apptio stock. The shares were sold at an average price of $30.04, for a total transaction of $165,220.00.
  • On Wednesday, March 7th, Lawrence Blasko sold 11,801 shares of Apptio stock. The shares were sold at an average price of $29.95, for a total transaction of $353,439.95.

Apptio stock opened at $31.66 on Thursday. Apptio has a fifty-two week low of $15.69 and a fifty-two week high of $33.28. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.18 and a current ratio of 2.18.

Apptio (NASDAQ:APTI) last released its quarterly earnings results on Monday, April 30th. The technology company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.07). The firm had revenue of $54.10 million during the quarter, compared to the consensus estimate of $51.64 million. Apptio had a negative return on equity of 25.40% and a negative net margin of 13.68%. The company’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.08) EPS. equities analysts anticipate that Apptio will post -0.53 earnings per share for the current fiscal year.

A number of brokerages have issued reports on APTI. Zacks Investment Research cut shares of Apptio from a “hold” rating to a “sell” rating in a report on Thursday, May 3rd. JMP Securities boosted their target price on shares of Apptio from $31.00 to $32.00 and gave the company a “market outperform” rating in a report on Tuesday, May 1st. Jefferies Group boosted their target price on shares of Apptio to $36.00 and gave the company a “buy” rating in a report on Tuesday, May 1st. ValuEngine raised shares of Apptio from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Finally, BidaskClub cut shares of Apptio from a “strong-buy” rating to a “buy” rating in a report on Monday, May 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $31.30.

Several institutional investors have recently added to or reduced their stakes in APTI. Thompson Davis & CO. Inc. increased its holdings in shares of Apptio by 3,900.0% in the fourth quarter. Thompson Davis & CO. Inc. now owns 5,000 shares of the technology company’s stock worth $118,000 after purchasing an additional 4,875 shares during the period. Point72 Asset Management L.P. bought a new position in shares of Apptio in the first quarter worth $170,000. Cubist Systematic Strategies LLC bought a new position in shares of Apptio in the first quarter worth $178,000. Allen Operations LLC bought a new position in shares of Apptio in the first quarter worth $214,000. Finally, Tiedemann Advisors LLC bought a new position in shares of Apptio in the first quarter worth $241,000. 62.69% of the stock is currently owned by hedge funds and other institutional investors.

About Apptio

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