Oppenheimer Weighs in on Apptio Inc.’s Q1 2018 Earnings (APTI)

Apptio Inc. (NASDAQ:APTI) – Investment analysts at Oppenheimer dropped their Q1 2018 EPS estimates for shares of Apptio in a report released on Tuesday. Oppenheimer analyst B. Schwartz now forecasts that the technology company will post earnings per share of ($0.17) for the quarter, down from their previous estimate of ($0.13). Oppenheimer has a “Buy” rating and a $31.00 price objective on the stock. Oppenheimer also issued estimates for Apptio’s Q2 2018 earnings at ($0.12) EPS, Q3 2018 earnings at ($0.07) EPS, Q4 2018 earnings at ($0.07) EPS, FY2018 earnings at ($0.42) EPS, Q1 2019 earnings at ($0.11) EPS, Q2 2019 earnings at ($0.07) EPS, Q3 2019 earnings at ($0.04) EPS, Q4 2019 earnings at ($0.06) EPS and FY2019 earnings at ($0.28) EPS.

APTI has been the subject of several other reports. BidaskClub raised shares of Apptio from a “buy” rating to a “strong-buy” rating in a report on Friday, January 5th. Zacks Investment Research downgraded shares of Apptio from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. KeyCorp reissued a “buy” rating and set a $25.00 price target on shares of Apptio in a report on Wednesday, November 1st. JMP Securities started coverage on shares of Apptio in a report on Monday, November 27th. They set an “outperform” rating and a $28.00 price target for the company. Finally, Nomura started coverage on shares of Apptio in a report on Tuesday, January 23rd. They set a “buy” rating and a $33.00 price target for the company. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $28.50.

Apptio (NASDAQ:APTI) opened at $24.82 on Friday. Apptio has a 1-year low of $10.77 and a 1-year high of $26.99.

Apptio (NASDAQ:APTI) last announced its quarterly earnings results on Monday, February 5th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.02. Apptio had a negative net margin of 13.59% and a negative return on equity of 35.28%. The firm had revenue of $52.40 million during the quarter, compared to the consensus estimate of $49.93 million. During the same period last year, the firm posted ($0.11) EPS. The firm’s quarterly revenue was up 18.3% on a year-over-year basis.

Institutional investors and hedge funds have recently bought and sold shares of the business. Thompson Davis & CO. Inc. increased its position in Apptio by 3,900.0% in the 4th quarter. Thompson Davis & CO. Inc. now owns 5,000 shares of the technology company’s stock valued at $118,000 after acquiring an additional 4,875 shares in the last quarter. Nationwide Fund Advisors increased its position in Apptio by 244.9% in the 2nd quarter. Nationwide Fund Advisors now owns 10,199 shares of the technology company’s stock valued at $177,000 after acquiring an additional 7,242 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Apptio in the 2nd quarter valued at about $207,000. Trexquant Investment LP acquired a new stake in Apptio in the 3rd quarter valued at about $230,000. Finally, The Manufacturers Life Insurance Company increased its position in Apptio by 321.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,254 shares of the technology company’s stock valued at $265,000 after acquiring an additional 11,633 shares in the last quarter. Hedge funds and other institutional investors own 44.93% of the company’s stock.

In other Apptio news, insider Sachin Gupta sold 80,000 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $22.16, for a total value of $1,772,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kurt Shintaffer sold 20,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $22.08, for a total transaction of $441,600.00. The disclosure for this sale can be found here. Insiders sold a total of 431,185 shares of company stock valued at $9,628,021 in the last 90 days. Corporate insiders own 43.20% of the company’s stock.

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About Apptio

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.

Earnings History and Estimates for Apptio (NASDAQ:APTI)

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