Apptio Inc. (APTI) CFO Kurt Shintaffer Sells 20,000 Shares
Apptio Inc. (NASDAQ:APTI) CFO Kurt Shintaffer sold 20,000 shares of Apptio stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $22.08, for a total value of $441,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Kurt Shintaffer also recently made the following trade(s):
- On Tuesday, November 14th, Kurt Shintaffer sold 40,000 shares of Apptio stock. The stock was sold at an average price of $22.05, for a total value of $882,000.00.
Shares of Apptio Inc. (NASDAQ:APTI) traded down $0.03 during trading hours on Friday, reaching $22.48. The company’s stock had a trading volume of 267,562 shares, compared to its average volume of 332,118. Apptio Inc. has a 52-week low of $10.77 and a 52-week high of $24.50.
Apptio (NASDAQ:APTI) last announced its quarterly earnings results on Monday, October 30th. The technology company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $47.00 million for the quarter, compared to analysts’ expectations of $44.86 million. During the same period in the prior year, the business posted ($0.45) earnings per share. The business’s revenue was up 15.8% compared to the same quarter last year. equities research analysts anticipate that Apptio Inc. will post -0.69 EPS for the current fiscal year.
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APTI has been the topic of several recent analyst reports. Oppenheimer Holdings, Inc. initiated coverage on Apptio in a research report on Thursday, July 27th. They issued an “outperform” rating and a $25.00 price target on the stock. Royal Bank Of Canada lifted their price target on Apptio from $19.00 to $21.00 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. Zacks Investment Research raised Apptio from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Tuesday, August 8th. KeyCorp restated a “buy” rating and set a $22.00 price objective on shares of Apptio in a research report on Friday, October 6th. Finally, Barclays PLC boosted their price objective on Apptio from $19.00 to $22.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 31st. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Apptio presently has a consensus rating of “Buy” and an average target price of $24.38.
A number of institutional investors have recently bought and sold shares of the business. FMR LLC boosted its stake in Apptio by 113.5% in the second quarter. FMR LLC now owns 2,042,166 shares of the technology company’s stock worth $35,432,000 after purchasing an additional 1,085,566 shares in the last quarter. GMT Capital Corp boosted its stake in Apptio by 59.7% in the third quarter. GMT Capital Corp now owns 1,617,314 shares of the technology company’s stock worth $29,872,000 after purchasing an additional 604,300 shares in the last quarter. SQN Investors LP acquired a new position in Apptio in the second quarter worth $23,378,000. Whetstone Capital Advisors LLC boosted its stake in Apptio by 45.6% in the second quarter. Whetstone Capital Advisors LLC now owns 807,299 shares of the technology company’s stock worth $14,330,000 after purchasing an additional 252,653 shares in the last quarter. Finally, Janus Henderson Group PLC acquired a new position in Apptio in the second quarter worth $12,320,000. 44.98% of the stock is currently owned by institutional investors.
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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