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.
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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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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