Sachin Gupta Sells 80,000 Shares of Apptio Inc. (APTI) Stock
Apptio Inc. (NASDAQ:APTI) insider Sachin Gupta sold 80,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $22.30, for a total transaction of $1,784,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Sachin Gupta also recently made the following trade(s):
- On Wednesday, November 22nd, Sachin Gupta sold 80,000 shares of Apptio stock. The shares were sold at an average price of $22.16, for a total transaction of $1,772,800.00.
- On Friday, November 10th, Sachin Gupta sold 80,000 shares of Apptio stock. The shares were sold at an average price of $21.59, for a total transaction of $1,727,200.00.
Shares of Apptio Inc. (APTI) traded up $0.14 during trading hours on Thursday, hitting $22.31. 237,154 shares of the company were exchanged, compared to its average volume of 335,126. Apptio Inc. has a fifty-two week low of $10.77 and a fifty-two week high of $24.50.
A number of research analysts have weighed in on APTI shares. Oppenheimer reaffirmed a “buy” rating and set a $25.00 price target on shares of Apptio in a research report on Tuesday, October 24th. KeyCorp reissued a “buy” rating and set a $22.00 target price on shares of Apptio in a research report on Friday, October 6th. Zacks Investment Research cut shares of Apptio from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Royal Bank Of Canada boosted their target price on shares of Apptio from $19.00 to $21.00 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. Finally, JMP Securities started coverage on shares of Apptio in a research report on Monday. They set an “outperform” rating and a $28.00 target price on the stock. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $24.78.
Institutional investors have recently added to or reduced their stakes in the company. Rubric Capital Management LP lifted its holdings in Apptio by 11.9% in the third quarter. Rubric Capital Management LP now owns 668,628 shares of the technology company’s stock worth $12,350,000 after purchasing an additional 71,318 shares during the period. Granahan Investment Management Inc. MA lifted its holdings in Apptio by 21.4% in the 3rd quarter. Granahan Investment Management Inc. MA now owns 177,300 shares of the technology company’s stock valued at $3,275,000 after acquiring an additional 31,216 shares during the last quarter. Highbridge Capital Management LLC acquired a new stake in Apptio in the 3rd quarter valued at about $353,000. Engineers Gate Manager LP acquired a new stake in Apptio in the 3rd quarter valued at about $549,000. Finally, California State Teachers Retirement System raised its holdings in Apptio by 12.3% during the 3rd quarter. California State Teachers Retirement System now owns 35,252 shares of the technology company’s stock worth $651,000 after buying an additional 3,852 shares during the period. Institutional investors and hedge funds own 45.56% of the company’s stock.
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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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