Apptio Inc. (APTI) Director Matthew S. Mcilwain Sells 7,400 Shares

Apptio Inc. (NASDAQ:APTI) Director Matthew S. Mcilwain sold 7,400 shares of Apptio stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $25.26, for a total transaction of $186,924.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Matthew S. Mcilwain also recently made the following trade(s):

  • On Monday, February 12th, Matthew S. Mcilwain sold 32,500 shares of Apptio stock. The stock was sold at an average price of $24.92, for a total transaction of $809,900.00.

Apptio Inc. (NASDAQ:APTI) traded up $0.53 during mid-day trading on Monday, reaching $25.35. 594,988 shares of the company’s stock traded hands, compared to its average volume of 529,682. Apptio Inc. has a 12-month low of $10.77 and a 12-month high of $26.99. The company has a market capitalization of $1,002.43, a price-to-earnings ratio of -39.00 and a beta of 0.96.

Apptio (NASDAQ:APTI) last released its earnings results on Monday, February 5th. The technology company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.02. Apptio had a negative net margin of 13.59% and a negative return on equity of 35.28%. The firm had revenue of $52.40 million during the quarter, compared to analyst estimates of $49.93 million. During the same quarter in the previous year, the firm earned ($0.11) earnings per share. The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year. equities analysts predict that Apptio Inc. will post -0.44 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in APTI. Schwab Charles Investment Management Inc. increased its stake in 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 purchasing an additional 18,600 shares during the last quarter. Bank of New York Mellon Corp increased its stake in 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 purchasing an additional 20,040 shares during the last quarter. Alliancebernstein L.P. bought a new stake in Apptio during the second quarter valued at $314,000. Teachers Advisors LLC bought a new stake in Apptio during the second quarter valued at $563,000. Finally, TIAA CREF Investment Management LLC bought a new stake in Apptio during the second quarter valued at $1,180,000. Hedge funds and other institutional investors own 45.54% of the company’s stock.

A number of analysts recently issued reports on the stock. BidaskClub upgraded shares of Apptio from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 7th. Barclays lifted their price target on shares of Apptio from $22.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. Bank of America lifted their price target on shares of Apptio from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Jefferies Group restated a “buy” rating and issued a $33.00 price target on shares of Apptio in a research note on Tuesday, February 6th. Finally, Oppenheimer restated a “buy” rating and issued a $31.00 price target on shares of Apptio in a research note on Tuesday, January 30th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $28.50.

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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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