Apptio Inc (NASDAQ:APTI) Director Peter S. Klein sold 8,000 shares of the company’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $38.76, for a total transaction of $310,080.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Peter S. Klein also recently made the following trade(s):
- On Monday, August 13th, Peter S. Klein sold 8,000 shares of Apptio stock. The stock was sold at an average price of $35.07, for a total transaction of $280,560.00.
Apptio stock traded down $0.25 during trading hours on Friday, reaching $34.31. 433,518 shares of the company’s stock traded hands, compared to its average volume of 539,999. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.72. Apptio Inc has a fifty-two week low of $18.16 and a fifty-two week high of $41.36. The company has a market cap of $1.65 billion, a PE ratio of -53.61 and a beta of 0.14.
Apptio (NASDAQ:APTI) last released its earnings results on Wednesday, August 1st. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.14. Apptio had a negative net margin of 11.98% and a negative return on equity of 19.28%. The company had revenue of $59.05 million for the quarter, compared to the consensus estimate of $55.60 million. During the same period in the prior year, the company posted ($0.08) EPS. The company’s revenue was up 30.6% compared to the same quarter last year. Research analysts forecast that Apptio Inc will post -0.4 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the business. First Mercantile Trust Co. lifted its position in Apptio by 134.6% during the 2nd quarter. First Mercantile Trust Co. now owns 2,940 shares of the technology company’s stock valued at $106,000 after purchasing an additional 1,687 shares during the period. Point72 Asset Management L.P. acquired a new position in Apptio during the 1st quarter valued at about $170,000. Cubist Systematic Strategies LLC acquired a new position in Apptio during the 1st quarter valued at about $178,000. Tocqueville Asset Management L.P. acquired a new position in Apptio during the 2nd quarter valued at about $253,000. Finally, Allen Operations LLC acquired a new position in Apptio during the 1st quarter valued at about $214,000. Institutional investors own 72.49% of the company’s stock.
APTI has been the topic of several research reports. BidaskClub upgraded shares of Apptio from a “hold” rating to a “buy” rating in a research report on Saturday, August 25th. Zacks Investment Research upgraded shares of Apptio from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Tuesday, August 7th. Bank of America upped their price target on shares of Apptio from $36.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Royal Bank of Canada reiterated a “buy” rating and set a $41.00 price target on shares of Apptio in a research report on Tuesday, July 31st. Finally, Jefferies Financial Group upped their price target on shares of Apptio to $47.00 and gave the stock a “buy” rating in a research report on Thursday, September 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $36.50.
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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