Apptio Inc. (APTI) Expected to Post Quarterly Sales of $51.62 Million
Equities analysts forecast that Apptio Inc. (NASDAQ:APTI) will post $51.62 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Apptio’s earnings, with estimates ranging from $51.43 million to $52.00 million. Apptio reported sales of $43.93 million in the same quarter last year, which indicates a positive year-over-year growth rate of 17.5%. The firm is expected to issue its next quarterly earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that Apptio will report full year sales of $51.62 million for the current year, with estimates ranging from $221.08 million to $224.80 million. For the next fiscal year, analysts expect that the company will post sales of $260.72 million per share, with estimates ranging from $249.68 million to $267.90 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Apptio.
Apptio (NASDAQ:APTI) last announced its quarterly earnings results on Monday, February 5th. The technology company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. The business had revenue of $52.40 million for the quarter, compared to analysts’ expectations of $49.93 million. Apptio had a negative return on equity of 35.28% and a negative net margin of 13.59%. The business’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.11) EPS.
Shares of Apptio (NASDAQ:APTI) traded up $0.11 during trading on Friday, hitting $26.30. The stock had a trading volume of 524,291 shares, compared to its average volume of 574,812. The firm has a market cap of $1,080.00 and a PE ratio of -41.32. Apptio has a fifty-two week low of $10.77 and a fifty-two week high of $26.99.
In other Apptio news, insider John C. Morrow sold 60,455 shares of the stock in a transaction on Friday, November 24th. The stock was sold at an average price of $22.65, for a total transaction of $1,369,305.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sachin Gupta sold 80,000 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $25.76, for a total value of $2,060,800.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 585,873 shares of company stock worth $13,803,408. 43.20% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of APTI. FMR LLC boosted its stake in Apptio by 113.5% during the 2nd quarter. FMR LLC now owns 2,042,166 shares of the technology company’s stock valued at $35,432,000 after purchasing an additional 1,085,566 shares in the last quarter. Janus Henderson Group PLC bought a new position in Apptio during the 2nd quarter valued at $12,320,000. GMT Capital Corp boosted its stake in Apptio by 59.7% during the 3rd quarter. GMT Capital Corp now owns 1,617,314 shares of the technology company’s stock valued at $29,872,000 after purchasing an additional 604,300 shares in the last quarter. JPMorgan Chase & Co. bought a new position in Apptio during the 3rd quarter valued at $7,407,000. Finally, Alkeon Capital Management LLC bought a new position in Apptio during the 4th quarter valued at $9,396,000. 47.80% of the stock is owned by hedge funds and other institutional investors.
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Apptio Company Profile
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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