Apptio (NASDAQ: APTI) recently received a number of ratings updates from brokerages and research firms:

  • 8/9/2017 – Apptio had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $21.00 price target on the stock, up previously from $19.00.
  • 8/8/2017 – Apptio was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $19.00 price target on the stock. According to Zacks, “Apptio, Inc. is a provider of cloud-based technology business management software for managing business of information technology. It offers cloud application which includes Apptio Cost Transparency, Apptio IT Planning, Apptio IT Benchmarking, Apptio Business Insights and Apptio Bill of IT. The company also offers Data Studio, Model Studio and Report Studio under TBM Studio. Apptio, Inc. is based in Bellevue, United States. “
  • 8/3/2017 – Apptio had its price target raised by analysts at Royal Bank Of Canada from $19.00 to $21.00. They now have an “outperform” rating on the stock.
  • 7/27/2017 – Apptio is now covered by analysts at Oppenheimer Holdings, Inc.. They set an “outperform” rating and a $25.00 price target on the stock.
  • 7/5/2017 – Apptio was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Apptio, Inc. is a provider of cloud-based technology business management software for managing business of information technology. It offers cloud application which includes Apptio Cost Transparency, Apptio IT Planning, Apptio IT Benchmarking, Apptio Business Insights and Apptio Bill of IT. The company also offers Data Studio, Model Studio and Report Studio under TBM Studio. Apptio, Inc. is based in Bellevue, United States. “

Shares of Apptio Inc. (NASDAQ:APTI) opened at 16.98 on Wednesday. Apptio Inc. has a 52 week low of $10.77 and a 52 week high of $24.60. The stock’s market capitalization is $678.44 million. The firm’s 50-day moving average is $17.16 and its 200-day moving average is $14.86.

Apptio (NASDAQ:APTI) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.04. The business had revenue of $45.23 million for the quarter, compared to analyst estimates of $43.72 million. Apptio had a negative return on equity of 41.76% and a negative net margin of 17.36%. Apptio’s quarterly revenue was up 16.6% compared to the same quarter last year. On average, equities research analysts anticipate that Apptio Inc. will post ($0.37) EPS for the current fiscal year.

In other news, insider Christopher Pick sold 170,000 shares of Apptio stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $16.05, for a total value of $2,728,500.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 43.20% of the company’s stock.

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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