Apptio Inc (NASDAQ:APTI) CMO Christopher Pick sold 623 shares of the company’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $35.30, for a total transaction of $21,991.90. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

NASDAQ:APTI traded up $0.56 during trading hours on Friday, reaching $35.46. 281,598 shares of the company were exchanged, compared to its average volume of 549,229. 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 company has a market cap of $1.58 billion, a P/E ratio of -55.41 and a beta of -0.17. Apptio Inc has a 52-week low of $16.40 and a 52-week high of $39.06.

Apptio (NASDAQ:APTI) last posted its quarterly earnings results on Wednesday, August 1st. The technology company reported $0.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.14. The company had revenue of $59.05 million for the quarter, compared to the consensus estimate of $55.60 million. Apptio had a negative net margin of 11.98% and a negative return on equity of 19.28%. Apptio’s revenue was up 30.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.08) earnings per share. research analysts forecast that Apptio Inc will post -0.4 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. raised its stake in Apptio by 72.3% during the second quarter. BlackRock Inc. now owns 2,188,265 shares of the technology company’s stock worth $79,215,000 after purchasing an additional 918,403 shares during the period. Fred Alger Management Inc. raised its stake in Apptio by 85.2% during the second quarter. Fred Alger Management Inc. now owns 1,301,204 shares of the technology company’s stock worth $47,104,000 after purchasing an additional 598,662 shares during the period. Macquarie Group Ltd. raised its stake in Apptio by 136.6% during the second quarter. Macquarie Group Ltd. now owns 1,040,239 shares of the technology company’s stock worth $37,657,000 after purchasing an additional 600,662 shares during the period. Vista Equity Partners Management LLC raised its stake in Apptio by 36.8% during the first quarter. Vista Equity Partners Management LLC now owns 960,659 shares of the technology company’s stock worth $27,225,000 after purchasing an additional 258,415 shares during the period. Finally, Millennium Management LLC raised its stake in shares of Apptio by 26.1% in the 1st quarter. Millennium Management LLC now owns 900,155 shares of the technology company’s stock valued at $25,510,000 after acquiring an additional 186,464 shares during the period. 65.43% of the stock is currently owned by institutional investors.

Several equities analysts recently issued reports on the stock. Barclays upped their price objective on shares of Apptio from $28.00 to $32.00 and gave the company an “equal weight” rating in a research note on Thursday, July 12th. BidaskClub raised shares of Apptio from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 31st. Royal Bank of Canada reissued a “buy” rating and set a $41.00 price objective on shares of Apptio in a research note on Tuesday, July 31st. Bank of America increased their price target on shares of Apptio from $36.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Finally, Jefferies Financial Group increased their price target on shares of Apptio to $36.00 and gave the stock a “buy” rating in a research note on Tuesday, May 1st. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $35.30.

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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