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.

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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