Apptio Inc. (APTI) Director Sells $809,900.00 in Stock

Apptio Inc. (NASDAQ:APTI) Director Matthew S. Mcilwain sold 32,500 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $24.92, for a total value of $809,900.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Matthew S. Mcilwain also recently made the following trade(s):

  • On Thursday, February 8th, Matthew S. Mcilwain sold 7,400 shares of Apptio stock. The shares were sold at an average price of $25.26, for a total value of $186,924.00.

Apptio Inc. (APTI) opened at $25.23 on Thursday. Apptio Inc. has a fifty-two week low of $10.77 and a fifty-two week high of $26.99.

Apptio (NASDAQ:APTI) last issued its earnings results on Monday, February 5th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. Apptio had a negative return on equity of 35.28% and a negative net margin of 13.59%. The business had revenue of $52.40 million during the quarter, compared to analysts’ expectations of $49.93 million. During the same quarter in the prior year, the firm earned ($0.11) EPS. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. analysts predict that Apptio Inc. will post -0.44 EPS for the current fiscal year.

APTI has been the subject of several recent analyst reports. Oppenheimer restated a “buy” rating and set a $25.00 price objective on shares of Apptio in a research report on Tuesday, October 24th. BidaskClub upgraded Apptio from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 5th. Zacks Investment Research downgraded Apptio from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. KeyCorp restated a “buy” rating and set a $25.00 price objective on shares of Apptio in a research report on Wednesday, November 1st. Finally, Jefferies Group restated a “buy” rating and set a $33.00 price objective on shares of Apptio in a research report on Tuesday, February 6th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $28.50.

Institutional investors and hedge funds have recently modified their holdings of the business. Thompson Davis & CO. Inc. increased its holdings 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 worth $118,000 after purchasing an additional 4,875 shares in the last quarter. Nationwide Fund Advisors increased its holdings in Apptio by 244.9% in the 2nd quarter. Nationwide Fund Advisors now owns 10,199 shares of the technology company’s stock worth $177,000 after purchasing an additional 7,242 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in Apptio in the 2nd quarter worth about $207,000. Trexquant Investment LP acquired a new position in Apptio in the 3rd quarter worth about $230,000. Finally, Crestline Management LP acquired a new stake in shares of Apptio in the fourth quarter valued at about $309,000. 45.54% of the stock is owned by institutional investors and hedge funds.

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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.

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

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