Apptio Inc. (APTI) Insider Sachin Gupta Sells 80,000 Shares
Apptio Inc. (NASDAQ:APTI) insider Sachin Gupta sold 80,000 shares of Apptio stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $22.16, for a total transaction of $1,772,800.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Sachin Gupta also recently made the following trade(s):
- On Friday, November 10th, Sachin Gupta sold 80,000 shares of Apptio stock. The stock was sold at an average price of $21.59, for a total transaction of $1,727,200.00.
Apptio Inc. (NASDAQ APTI) traded up $0.14 during trading on Friday, hitting $22.55. 268,391 shares of the stock were exchanged, compared to its average volume of 333,827. Apptio Inc. has a twelve month low of $10.77 and a twelve month high of $24.50.
Apptio (NASDAQ:APTI) last released its quarterly earnings results on Monday, October 30th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.08. The business had revenue of $47.00 million for the quarter, compared to the consensus estimate of $44.86 million. Apptio had a negative net margin of 14.77% and a negative return on equity of 36.83%. The business’s revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.45) EPS. sell-side analysts anticipate that Apptio Inc. will post -0.69 earnings per share for the current fiscal year.
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Several institutional investors have recently added to or reduced their stakes in the company. Rubric Capital Management LP increased its stake in Apptio by 11.9% during the 3rd quarter. Rubric Capital Management LP now owns 668,628 shares of the technology company’s stock worth $12,350,000 after buying an additional 71,318 shares during the period. Granahan Investment Management Inc. MA increased its stake in Apptio by 21.4% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 177,300 shares of the technology company’s stock worth $3,275,000 after buying an additional 31,216 shares during the period. Highbridge Capital Management LLC purchased a new stake in Apptio during the 3rd quarter worth approximately $353,000. Engineers Gate Manager LP purchased a new stake in Apptio during the 3rd quarter worth approximately $549,000. Finally, California State Teachers Retirement System increased its stake in Apptio by 12.3% during the 3rd quarter. California State Teachers Retirement System now owns 35,252 shares of the technology company’s stock worth $651,000 after buying an additional 3,852 shares during the period. 46.05% of the stock is currently owned by institutional investors and hedge funds.
APTI has been the topic of a number of analyst reports. KeyCorp reaffirmed a “buy” rating and set a $22.00 target price on shares of Apptio in a research note on Friday, October 6th. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $27.00 price target (up from $25.00) on shares of Apptio in a research note on Tuesday, October 31st. Royal Bank Of Canada reissued a “buy” rating and issued a $21.00 price target on shares of Apptio in a research note on Tuesday, October 10th. Zacks Investment Research downgraded shares of Apptio from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, Bank of America Corporation boosted their price target on shares of Apptio from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, October 31st. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $24.38.
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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