Equities research analysts expect that Apptio Inc. (NASDAQ:APTI) will post $49.73 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Apptio’s earnings. The lowest sales estimate is $49.58 million and the highest is $49.80 million. Apptio reported sales of $44.32 million in the same quarter last year, which indicates a positive year over year growth rate of 12.2%. The firm is scheduled to announce its next quarterly 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 fiscal year, analysts expect that the business will report sales of $215.15 million per share, with estimates ranging from $211.40 million to $223.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Apptio.
Apptio (NASDAQ:APTI) last posted its quarterly earnings results on Monday, October 30th. The technology company reported ($0.02) earnings per share 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%. Apptio’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.45) earnings per share.
In other Apptio news, insider Christopher Pick sold 171,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $21.83, for a total value of $3,732,930.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sachin Gupta sold 80,000 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $21.59, for a total transaction of $1,727,200.00. The disclosure for this sale can be found here. Insiders sold 727,185 shares of company stock valued at $16,070,951 in the last ninety days. Insiders own 43.20% of the company’s stock.
A number of large investors have recently modified their holdings of the business. Worth Venture Partners LLC increased its stake in Apptio by 8.9% in the third quarter. Worth Venture Partners LLC now owns 40,849 shares of the technology company’s stock valued at $754,000 after purchasing an additional 3,350 shares in the last quarter. HighTower Advisors LLC increased its stake in Apptio by 22.9% in the second quarter. HighTower Advisors LLC now owns 18,752 shares of the technology company’s stock valued at $324,000 after purchasing an additional 3,500 shares in the last quarter. Monarch Partners Asset Management LLC increased its stake in Apptio by 15.1% in the third quarter. Monarch Partners Asset Management LLC now owns 27,100 shares of the technology company’s stock valued at $501,000 after purchasing an additional 3,550 shares in the last quarter. California State Teachers Retirement System increased its stake in Apptio by 12.3% in the third quarter. California State Teachers Retirement System now owns 35,252 shares of the technology company’s stock valued at $651,000 after purchasing an additional 3,852 shares in the last quarter. Finally, Nationwide Fund Advisors increased its stake in Apptio by 244.9% in the second quarter. Nationwide Fund Advisors now owns 10,199 shares of the technology company’s stock valued at $177,000 after purchasing an additional 7,242 shares in the last quarter. 45.56% of the stock is owned by hedge funds and other institutional investors.
Shares of Apptio (APTI) opened at $24.42 on Friday. The firm has a market cap of $986.29 and a P/E ratio of -35.91. Apptio has a 12 month low of $10.77 and a 12 month high of $25.49.
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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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