Apptio Inc. (NASDAQ:APTI) insider John C. Morrow sold 28,337 shares of Apptio stock in a transaction on Friday, November 17th. The stock was sold at an average price of $22.55, for a total value of $638,999.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Apptio Inc. (NASDAQ APTI) traded down $0.37 during mid-day trading on Monday, hitting $22.11. The company had a trading volume of 763,369 shares, compared to its average volume of 334,043. Apptio Inc. has a twelve month low of $10.77 and a twelve month high of $24.50.
Apptio (NASDAQ:APTI) last posted its quarterly earnings results on Monday, October 30th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.08. Apptio had a negative return on equity of 36.83% and a negative net margin of 14.77%. The business had revenue of $47.00 million for the quarter, compared to analyst estimates of $44.86 million. During the same period in the prior year, the company posted ($0.45) EPS. The business’s revenue was up 15.8% compared to the same quarter last year. research analysts predict that Apptio Inc. will post -0.69 earnings per share for the current year.
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Several research analysts recently weighed in on the stock. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $27.00 target price on shares of Apptio in a research note on Thursday, November 9th. Zacks Investment Research raised shares of Apptio from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Thursday, November 2nd. KeyCorp reaffirmed a “buy” rating and set a $25.00 price objective on shares of Apptio in a research note on Wednesday, November 1st. Bank of America Corporation upped their price objective on shares of Apptio from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, October 31st. Finally, Barclays PLC boosted their target price on Apptio from $19.00 to $22.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 31st. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $24.38.
Apptio, Inc is a provider of technology business management (TBM) solutions. The Company’s cloud-based platform and software as a service (SaaS) applications enable information technology (IT) leaders to analyze, optimize and plan technology investments, and benchmark the financial and operational performance against peers.
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