Apptio Inc. (APTI) CRO Sells $752,100.00 in Stock

Apptio Inc. (NASDAQ:APTI) CRO Lawrence Blasko sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $25.07, for a total value of $752,100.00. The transaction was disclosed in a filing with the SEC, which is available through this link.

Shares of Apptio Inc. (NASDAQ:APTI) traded up $0.21 during trading on Wednesday, reaching $25.23. The company’s stock had a trading volume of 865,548 shares, compared to its average volume of 546,824. The company has a market cap of $1,020.00 and a P/E ratio of -38.82. Apptio Inc. has a 12 month low of $10.77 and a 12 month high of $26.99.

Apptio (NASDAQ:APTI) last announced its quarterly earnings data on Monday, February 5th. The technology company reported ($0.06) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.02. The company had revenue of $52.40 million for the quarter, compared to the consensus estimate of $49.93 million. Apptio had a negative return on equity of 35.28% and a negative net margin of 13.59%. Apptio’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.11) EPS. equities analysts forecast that Apptio Inc. will post -0.44 EPS for the current fiscal year.

Several equities analysts have recently weighed in on APTI shares. Oppenheimer reissued a “buy” rating and set a $27.00 target price on shares of Apptio in a research report on Thursday, November 9th. Zacks Investment Research raised Apptio from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Thursday, November 2nd. KeyCorp reissued a “buy” rating and set a $25.00 target price on shares of Apptio in a research report on Wednesday, November 1st. Bank of America boosted their target price on Apptio from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, October 31st. Finally, BidaskClub downgraded Apptio from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 18th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $28.50.

A number of institutional investors have recently made changes to their positions in APTI. FMR LLC grew its position in Apptio by 113.5% in the 2nd quarter. FMR LLC now owns 2,042,166 shares of the technology company’s stock valued at $35,432,000 after acquiring an additional 1,085,566 shares during the last quarter. Janus Henderson Group PLC bought a new position in Apptio in the 2nd quarter valued at $12,320,000. GMT Capital Corp grew its position in Apptio by 59.7% in the 3rd quarter. GMT Capital Corp now owns 1,617,314 shares of the technology company’s stock valued at $29,872,000 after acquiring an additional 604,300 shares during the last quarter. JPMorgan Chase & Co. bought a new position in Apptio in the 3rd quarter valued at $7,407,000. Finally, Fred Alger Management Inc. bought a new position in Apptio in the 4th quarter valued at $9,193,000. 45.54% of the stock is currently owned by institutional investors.

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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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