Apptio Inc (APTI) Director Matthew S. Mcilwain Sells 2,500 Shares

Apptio Inc (NASDAQ:APTI) Director Matthew S. Mcilwain sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $65,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Shares of NASDAQ:APTI opened at $24.85 on Friday. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.70. Apptio Inc has a 1 year low of $21.15 and a 1 year high of $41.36.

Apptio (NASDAQ:APTI) last issued its earnings results on Monday, October 29th. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.02. Apptio had a negative return on equity of 15.14% and a negative net margin of 11.06%. The business had revenue of $59.22 million during the quarter, compared to analysts’ expectations of $58.09 million. During the same quarter in the previous year, the business earned $0.01 EPS. The company’s revenue for the quarter was up 26.0% on a year-over-year basis. As a group, analysts expect that Apptio Inc will post -0.4 EPS for the current year.

Large investors have recently modified their holdings of the company. First Mercantile Trust Co. grew its holdings in shares of Apptio by 134.6% during the 2nd quarter. First Mercantile Trust Co. now owns 2,940 shares of the technology company’s stock worth $106,000 after purchasing an additional 1,687 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of Apptio during the 1st quarter worth about $178,000. Tocqueville Asset Management L.P. purchased a new stake in shares of Apptio during the 2nd quarter worth about $253,000. California Public Employees Retirement System purchased a new stake in shares of Apptio during the 1st quarter worth about $269,000. Finally, Verition Fund Management LLC purchased a new stake in shares of Apptio during the 2nd quarter worth about $287,000. Institutional investors and hedge funds own 72.63% of the company’s stock.

APTI has been the topic of a number of research reports. Jefferies Financial Group raised their target price on shares of Apptio to $47.00 and gave the stock a “buy” rating in a research report on Thursday, September 13th. BidaskClub upgraded shares of Apptio from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 13th. Barclays boosted their target price on shares of Apptio from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Friday, September 7th. Zacks Investment Research raised Apptio from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research note on Tuesday, August 7th. Finally, Bank of America lifted their price target on Apptio from $36.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $33.80.

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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.

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

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