Apptio Inc. (NASDAQ:APTI) insider Sachin Gupta sold 71,800 shares of Apptio stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $22.65, for a total transaction of $1,626,270.00. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

  • On Wednesday, December 6th, Sachin Gupta sold 50,593 shares of Apptio stock. The shares were sold at an average price of $22.00, for a total transaction of $1,113,046.00.
  • 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 transaction 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 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.

Apptio Inc. (NASDAQ APTI) traded up $0.12 during trading on Wednesday, hitting $22.14. 278,867 shares of the stock were exchanged, compared to its average volume of 338,206. Apptio Inc. has a fifty-two week low of $10.77 and a fifty-two week high of $24.50.

Apptio (NASDAQ:APTI) last released 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. The business had revenue of $47.00 million for 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%. Apptio’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter last year, the firm earned ($0.45) EPS. sell-side analysts forecast that Apptio Inc. will post -0.69 earnings per share for the current fiscal year.

APTI has been the subject of a number of research reports. Oppenheimer reissued a “buy” rating and set a $25.00 target price on shares of Apptio in a research note on Tuesday, October 24th. Royal Bank of Canada reissued a “buy” rating and set a $21.00 target price on shares of Apptio in a research note on Tuesday, October 10th. KeyCorp reissued a “buy” rating and set a $22.00 target price on shares of Apptio in a research note on Friday, October 6th. Zacks Investment Research raised shares of Apptio from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Thursday, November 2nd. Finally, Bank of America raised their price target on shares of Apptio from $20.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, October 31st. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $24.78.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Rubric Capital Management LP raised its holdings in Apptio by 11.9% in the 3rd quarter. Rubric Capital Management LP now owns 668,628 shares of the technology company’s stock worth $12,350,000 after acquiring an additional 71,318 shares during the period. Granahan Investment Management Inc. MA raised 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 worth $3,275,000 after acquiring an additional 31,216 shares during the period. Highbridge Capital Management LLC bought a new position in Apptio in the 3rd quarter worth $353,000. Engineers Gate Manager LP bought a new position in Apptio in the 3rd quarter worth $549,000. Finally, California State Teachers Retirement System raised its holdings in Apptio by 12.3% in the 3rd quarter. California State Teachers Retirement System now owns 35,252 shares of the technology company’s stock worth $651,000 after acquiring an additional 3,852 shares during the period. Hedge funds and other institutional investors own 45.56% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This story was first posted by American Banking News and is the property of of American Banking News. If you are reading this story on another website, it was illegally stolen and republished in violation of U.S. and international copyright & trademark legislation. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/12/13/apptio-inc-apti-insider-sachin-gupta-sells-71800-shares.html.

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.

Insider Buying and Selling by Quarter for Apptio (NASDAQ:APTI)

Receive News & Ratings for Apptio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apptio and related companies with MarketBeat.com's FREE daily email newsletter.