Equities analysts expect Apptio Inc. (NASDAQ:APTI) to announce sales of $49.73 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Apptio’s earnings, with the highest sales estimate coming in at $49.80 million and the lowest estimate coming in at $49.58 million. Apptio reported sales of $44.32 million during the same quarter last year, which suggests a positive year over year growth rate of 12.2%. The company is expected to issue its next earnings results on Thursday, February 8th.

According to Zacks, analysts expect that Apptio will report full-year sales of $49.73 million for the current financial year, with estimates ranging from $185.73 million to $186.00 million. For the next financial year, analysts anticipate that the business will post sales of $215.15 million per share, with estimates ranging from $211.40 million to $223.00 million. Zacks’ sales calculations are an average based on a survey of research firms that follow Apptio.

Apptio (NASDAQ:APTI) last released its 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 net margin of 14.77% and a negative return on equity of 36.83%. The company had revenue of $47.00 million for the quarter, compared to analysts’ expectations of $44.86 million. During the same quarter in the previous year, the company earned ($0.45) EPS. Apptio’s revenue for the quarter was up 15.8% on a year-over-year basis.

A number of research analysts recently weighed in on the stock. Royal Bank Of Canada restated a “buy” rating and set a $21.00 target price on shares of Apptio in a research note on Tuesday, October 10th. Zacks Investment Research cut shares of Apptio from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Oppenheimer reiterated a “buy” rating and issued a $27.00 price target (up previously from $25.00) on shares of Apptio in a research note on Tuesday, October 31st. Barclays boosted their price target on shares of Apptio from $19.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 31st. Finally, KeyCorp reiterated a “buy” rating and issued a $25.00 price target on shares of Apptio in a research note on Wednesday, November 1st. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $24.78.

In other news, insider Sachin Gupta sold 80,000 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $21.59, for a total value of $1,727,200.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Christopher Pick sold 171,000 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $21.83, for a total transaction of $3,732,930.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 655,385 shares of company stock worth $14,444,681. Corporate insiders own 43.20% of the company’s stock.

Several institutional investors have recently bought and sold shares of APTI. SQN Investors LP bought a new stake in shares of Apptio in the 2nd quarter worth about $23,378,000. FMR LLC increased its holdings in shares of Apptio by 113.5% in the 2nd quarter. FMR LLC now owns 2,042,166 shares of the technology company’s stock worth $35,432,000 after buying an additional 1,085,566 shares during the last quarter. GMT Capital Corp bought a new stake in shares of Apptio in the 2nd quarter worth about $17,495,000. Janus Henderson Group PLC bought a new stake in shares of Apptio in the 2nd quarter worth about $12,320,000. Finally, Rubric Capital Management LP bought a new stake in shares of Apptio in the 2nd quarter worth about $10,363,000. Hedge funds and other institutional investors own 45.56% of the company’s stock.

Apptio (NASDAQ:APTI) opened at $23.27 on Monday. Apptio has a one year low of $10.77 and a one year high of $24.50.

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Apptio Company Profile

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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Earnings History and Estimates for Apptio (NASDAQ:APTI)

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