Apptio Inc. (APTI) Insider John C. Morrow Sells 13,125 Shares

Apptio Inc. (NASDAQ:APTI) insider John C. Morrow sold 13,125 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $24.66, for a total value of $323,662.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

John C. Morrow also recently made the following trade(s):

  • On Friday, November 24th, John C. Morrow sold 60,455 shares of Apptio stock. The shares were sold at an average price of $22.65, for a total value of $1,369,305.75.
  • On Friday, November 17th, John C. Morrow sold 28,337 shares of Apptio stock. The shares were sold at an average price of $22.55, for a total value of $638,999.35.

Shares of Apptio Inc. (APTI) traded up $0.21 during mid-day trading on Wednesday, reaching $25.23. The company had a trading volume of 865,548 shares, compared to its average volume of 546,824. 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 $1,020.00 and a P/E ratio of -38.82.

Apptio (NASDAQ:APTI) last issued its quarterly earnings data on Monday, February 5th. The technology company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. Apptio had a negative return on equity of 35.28% and a negative net margin of 13.59%. The company had revenue of $52.40 million for the quarter, compared to the consensus estimate of $49.93 million. During the same quarter last year, the company 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 anticipate that Apptio Inc. will post -0.44 EPS for the current fiscal year.

Several equities analysts have recently commented on the company. Zacks Investment Research lowered Apptio from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Jefferies Group reaffirmed a “buy” rating and set a $33.00 price objective on shares of Apptio in a research report on Tuesday, February 6th. Barclays raised their price objective on Apptio from $22.00 to $28.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. BidaskClub downgraded Apptio from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Finally, Bank of America raised their price objective on Apptio from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Apptio currently has an average rating of “Buy” and a consensus price target of $28.50.

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp boosted its holdings in Apptio by 73.4% in the second quarter. Bank of New York Mellon Corp now owns 47,342 shares of the technology company’s stock worth $821,000 after acquiring an additional 20,040 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Apptio by 17.6% in the third quarter. Ameriprise Financial Inc. now owns 72,013 shares of the technology company’s stock worth $1,330,000 after acquiring an additional 10,768 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Apptio by 32.0% in the third quarter. Schwab Charles Investment Management Inc. now owns 39,600 shares of the technology company’s stock worth $732,000 after acquiring an additional 9,600 shares in the last quarter. State Street Corp boosted its holdings in Apptio by 145.6% in the second quarter. State Street Corp now owns 240,619 shares of the technology company’s stock worth $4,176,000 after acquiring an additional 142,628 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in Apptio in the third quarter worth about $7,407,000. 45.54% of the stock is owned by institutional investors and hedge funds.

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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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