Somewhat Favorable News Coverage Somewhat Unlikely to Affect Apptio (APTI) Share Price
News articles about Apptio (NASDAQ:APTI) have trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Apptio earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 45.6184642683788 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- Apptio Sees Unusually High Options Volume (APTI) (americanbankingnews.com)
- Chaikin Oscillator Dribbles Below The Line For Apptio Inc (APTI) – Clawson News (clawsonnews.com)
- Noteworthy Thursday Option Activity: MCD, GOOG, APTI – Nasdaq (nasdaq.com)
- Apptio Inc. (APTI) Is Challenging The Highs Of The Year (nasdaq.com)
- Philips’ Vereos Digital PET/CT to Aid Clinique de Genolier – Nasdaq … – Nasdaq (nasdaq.com)
Shares of Apptio (NASDAQ:APTI) opened at $23.52 on Monday. Apptio has a twelve month low of $10.77 and a twelve month high of $25.49. The company has a market capitalization of $949.93, a PE ratio of -34.09 and a beta of 0.54.
Apptio (NASDAQ:APTI) last released its quarterly earnings data on Monday, October 30th. The technology company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.08. Apptio had a negative return on equity of 36.83% and a negative net margin of 14.77%. The company had revenue of $47.00 million during the quarter, compared to the consensus estimate of $44.86 million. During the same period last year, the company earned ($0.45) EPS. Apptio’s revenue for the quarter was up 15.8% on a year-over-year basis. equities analysts expect that Apptio will post -0.69 EPS for the current year.
APTI has been the subject of several analyst reports. Oppenheimer restated a “buy” rating and set a $25.00 price target on shares of Apptio in a report on Tuesday, October 24th. KeyCorp restated a “buy” rating and set a $22.00 price target on shares of Apptio in a report on Friday, October 6th. Zacks Investment Research downgraded Apptio from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. JMP Securities initiated coverage on Apptio in a report on Monday, November 27th. They issued an “outperform” rating and a $28.00 price objective for the company. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $21.00 price objective on shares of Apptio in a report on Tuesday, October 10th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Apptio currently has an average rating of “Buy” and a consensus target price of $24.78.
In other Apptio news, insider Sachin Gupta sold 80,000 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $21.59, for a total value of $1,727,200.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Christopher Pick sold 171,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $21.83, for a total value of $3,732,930.00. The disclosure for this sale can be found here. Insiders sold a total of 727,185 shares of company stock valued at $16,070,951 over the last quarter. 43.20% of the stock is owned by corporate insiders.
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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