Shares of Apptio Inc (NASDAQ:APTI) have earned an average rating of “Buy” from the eight research firms that are presently covering the stock. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $23.00.

A number of brokerages have commented on APTI. Zacks Investment Research lowered Apptio from a “hold” rating to a “sell” rating in a report on Monday, May 8th. Barclays PLC decreased their price objective on Apptio to $22.00 in a report on Friday, February 10th. JPMorgan Chase & Co. raised Apptio from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $16.00 to $18.00 in a report on Wednesday, April 26th. Finally, Royal Bank of Canada raised Apptio from a “sector perform” rating to an “outperform” rating and set a $24.00 price objective for the company in a report on Thursday, February 2nd.

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In other news, CRO Lawrence Blasko sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $13.51, for a total value of $67,550.00. Following the completion of the transaction, the executive now directly owns 5,000 shares of the company’s stock, valued at $67,550. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Greylock Xii Gp Llc sold 3,009,883 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $13.00, for a total value of $39,128,479.00. The disclosure for this sale can be found here.

Several institutional investors have recently added to or reduced their stakes in the stock. Gilder Gagnon Howe & Co. LLC acquired a new position in Apptio during the third quarter valued at about $2,169,000. Monashee Investment Management LLC acquired a new position in Apptio during the third quarter valued at about $1,302,000. BlackRock Advisors LLC acquired a new position in Apptio during the third quarter valued at about $1,288,000. Spark Investment Management LLC acquired a new position in Apptio during the third quarter valued at about $221,000. Finally, Citadel Advisors LLC acquired a new position in Apptio during the third quarter valued at about $1,443,000.

Apptio (NASDAQ:APTI) traded down 0.79% on Friday, hitting $15.13. The company had a trading volume of 640,969 shares. Apptio has a one year low of $10.77 and a one year high of $24.60. The company’s market capitalization is $584.82 million. The stock’s 50-day moving average price is $12.71 and its 200 day moving average price is $15.38.

Apptio (NASDAQ:APTI) last issued its quarterly earnings data on Thursday, May 4th. The technology company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.04. The company had revenue of $43.90 million for the quarter, compared to the consensus estimate of $42.46 million. The business’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.31) earnings per share. On average, analysts expect that Apptio will post ($0.41) EPS for the current fiscal year.

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.

5 Day Chart for NASDAQ:APTI

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