Apptio Inc. (APTI) Director Sells $809,900.00 in Stock

Apptio Inc. (NASDAQ:APTI) Director Matthew S. Mcilwain sold 32,500 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $24.92, for a total transaction of $809,900.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

  • On Thursday, February 8th, Matthew S. Mcilwain sold 7,400 shares of Apptio stock. The shares were sold at an average price of $25.26, for a total transaction of $186,924.00.

Shares of Apptio Inc. (NASDAQ:APTI) traded up $0.53 during mid-day trading on Monday, hitting $25.35. 594,988 shares of the stock were exchanged, 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 cap of $1,002.43, a P/E ratio of -39.00 and a beta of 0.96.

Apptio (NASDAQ:APTI) last issued its quarterly earnings data on Monday, February 5th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $49.93 million. During the same quarter in the previous year, the firm posted ($0.11) EPS. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. equities research analysts expect that Apptio Inc. will post -0.44 earnings per share for the current year.

Several hedge funds have recently modified their holdings of APTI. Thompson Davis & CO. Inc. grew its position in shares of Apptio by 3,900.0% during the 4th quarter. Thompson Davis & CO. Inc. now owns 5,000 shares of the technology company’s stock valued at $118,000 after acquiring an additional 4,875 shares during the period. Nationwide Fund Advisors grew its position in shares of Apptio by 244.9% during the 2nd quarter. Nationwide Fund Advisors now owns 10,199 shares of the technology company’s stock valued at $177,000 after acquiring an additional 7,242 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of Apptio during the 2nd quarter valued at $207,000. Trexquant Investment LP bought a new stake in shares of Apptio during the 3rd quarter valued at $230,000. Finally, The Manufacturers Life Insurance Company grew its position in shares of Apptio by 321.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,254 shares of the technology company’s stock valued at $265,000 after acquiring an additional 11,633 shares during the period. 45.54% of the stock is owned by hedge funds and other institutional investors.

APTI has been the subject of a number of research reports. Oppenheimer reiterated a “buy” rating and set a $25.00 target price on shares of Apptio in a research note on Tuesday, October 24th. BidaskClub upgraded shares of Apptio from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 5th. Zacks Investment Research lowered shares of Apptio from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. KeyCorp reiterated a “buy” rating and set a $25.00 target price on shares of Apptio in a research note on Wednesday, November 1st. Finally, Jefferies Group reiterated a “buy” rating and set a $33.00 target price on shares of Apptio in a research note on Tuesday, February 6th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $28.50.

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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.

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

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