Apptio Inc. (NASDAQ:APTI) insider Sachin Gupta sold 50,593 shares of Apptio stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $22.00, for a total value of $1,113,046.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Sachin Gupta also recently made the following trade(s):

  • On Wednesday, November 29th, Sachin Gupta sold 80,000 shares of Apptio stock. The shares were sold at an average price of $22.30, for a total value of $1,784,000.00.
  • 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 value 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 value of $1,727,200.00.

Shares of Apptio Inc. (APTI) traded up $0.72 during trading on Thursday, reaching $22.97. 864,057 shares of the company’s stock were exchanged, compared to its average volume of 336,762. Apptio Inc. has a fifty-two week low of $10.77 and a fifty-two week high of $24.50.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its holdings in shares of Apptio by 73.4% during the second quarter. Bank of New York Mellon Corp now owns 47,342 shares of the technology company’s stock valued at $821,000 after acquiring an additional 20,040 shares in the last quarter. SQN Investors LP acquired a new position in shares of Apptio during the second quarter valued at about $23,378,000. Goldman Sachs Group Inc. acquired a new position in shares of Apptio during the first quarter valued at about $1,191,000. Laurion Capital Management LP acquired a new position in shares of Apptio during the second quarter valued at about $9,510,000. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Apptio by 163.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 30,000 shares of the technology company’s stock valued at $521,000 after acquiring an additional 18,600 shares in the last quarter. Hedge funds and other institutional investors own 45.56% of the company’s stock.

APTI has been the subject of several recent research reports. Royal Bank Of Canada restated an “outperform” rating and issued a $21.00 price objective (up from $19.00) on shares of Apptio in a report on Wednesday, August 9th. Zacks Investment Research downgraded shares of Apptio from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. KeyCorp reiterated a “buy” rating and issued a $22.00 target price on shares of Apptio in a report on Friday, October 6th. Oppenheimer reiterated a “buy” rating and issued a $25.00 target price on shares of Apptio in a report on Tuesday, October 24th. Finally, Barclays boosted their target price on shares of Apptio from $19.00 to $22.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 31st. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Apptio has a consensus rating of “Buy” and a consensus price target of $24.78.

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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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