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.

Apptio (NASDAQ:APTI) last issued its quarterly earnings results on Monday, October 30th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.08. Apptio had a negative net margin of 14.77% and a negative return on equity of 36.83%. The business had revenue of $47.00 million during the quarter, compared to analyst estimates of $44.86 million. During the same quarter in the previous year, the firm earned ($0.45) earnings per share. The business’s revenue was up 15.8% compared to the same quarter last year. analysts expect that Apptio Inc. will post -0.69 EPS for the current year.

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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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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