Media stories about Apptio (NASDAQ:APTI) have trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Apptio earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 45.4200206755851 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the news stories that may have effected Accern Sentiment’s analysis:

A number of equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Apptio from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Thursday, November 2nd. KeyCorp reaffirmed a “buy” rating and set a $25.00 price objective 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 objective on the stock. Oppenheimer reaffirmed a “buy” rating and set a $27.00 price objective on shares of Apptio in a report on Thursday, November 9th. Finally, Bank of America upped their price objective on shares of Apptio from $20.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, October 31st. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Apptio has an average rating of “Buy” and an average target price of $24.78.

Shares of Apptio (NASDAQ APTI) opened at $22.84 on Monday. Apptio has a fifty-two week low of $10.77 and a fifty-two week high of $24.50.

Apptio (NASDAQ:APTI) last announced its quarterly earnings results on Monday, October 30th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.08. Apptio had a negative net margin of 14.77% and a negative return on equity of 36.83%. The firm had revenue of $47.00 million for the quarter, compared to the consensus estimate of $44.86 million. During the same period in the prior year, the firm posted ($0.45) earnings per share. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. analysts predict that Apptio will post -0.69 earnings per share for the current fiscal year.

In related news, insider Sachin Gupta sold 80,000 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $21.59, for a total value of $1,727,200.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Christopher Pick sold 171,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $21.83, for a total transaction of $3,732,930.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 727,185 shares of company stock worth $16,070,951. 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.

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

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