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.
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.
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.
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