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.

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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