Investors Purchase High Volume of Put Options on Apptio (APTI)

Apptio Inc (NASDAQ:APTI) saw unusually large options trading activity on Monday. Stock traders purchased 1,912 put options on the company. This is an increase of approximately 1,831% compared to the average volume of 99 put options.

NASDAQ:APTI opened at $27.54 on Tuesday. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of -43.03 and a beta of 0.14. Apptio has a 52 week low of $18.41 and a 52 week high of $41.36.

Apptio (NASDAQ:APTI) last posted its quarterly earnings data on Monday, October 29th. The technology company reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02. The firm had revenue of $59.22 million during the quarter, compared to analyst estimates of $58.09 million. Apptio had a negative net margin of 11.98% and a negative return on equity of 19.28%. The company’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same quarter last year, the business posted $0.01 EPS. Equities analysts forecast that Apptio will post -0.4 earnings per share for the current year.

Several equities analysts recently weighed in on the stock. Jefferies Financial Group raised their price target on shares of Apptio to $47.00 and gave the company a “buy” rating in a research report on Thursday, September 13th. BidaskClub raised shares of Apptio from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 13th. Barclays raised their price target on shares of Apptio from $36.00 to $37.00 and gave the company an “equal weight” rating in a research report on Friday, September 7th. Zacks Investment Research raised 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. Finally, Bank of America raised their price target on shares of Apptio from $36.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $36.50.

In related news, insider Sachin Gupta sold 25,000 shares of the firm’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $36.03, for a total value of $900,750.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John C. Morrow sold 8,750 shares of the firm’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $36.84, for a total transaction of $322,350.00. The disclosure for this sale can be found here. Insiders have sold a total of 345,619 shares of company stock worth $12,848,840 in the last three months. Insiders own 24.16% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Institute for Wealth Management LLC. boosted its holdings in Apptio by 23.7% in the 3rd quarter. Institute for Wealth Management LLC. now owns 13,600 shares of the technology company’s stock valued at $503,000 after purchasing an additional 2,609 shares during the period. Public Employees Retirement Association of Colorado boosted its holdings in Apptio by 20.1% in the 3rd quarter. Public Employees Retirement Association of Colorado now owns 442,100 shares of the technology company’s stock valued at $16,340,000 after purchasing an additional 74,100 shares during the period. Glaxis Capital Management LLC bought a new position in Apptio in the 3rd quarter valued at $813,000. Bank of Montreal Can boosted its holdings in Apptio by 4.3% in the 3rd quarter. Bank of Montreal Can now owns 60,238 shares of the technology company’s stock valued at $2,226,000 after purchasing an additional 2,498 shares during the period. Finally, Northern Trust Corp boosted its holdings in Apptio by 60.1% in the 2nd quarter. Northern Trust Corp now owns 387,167 shares of the technology company’s stock valued at $14,016,000 after purchasing an additional 145,326 shares during the period. Hedge funds and other institutional investors own 72.51% of the company’s stock.

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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