Insider Selling: Apptio Inc. (APTI) CFO Sells 20,000 Shares of Stock

Apptio Inc. (NASDAQ:APTI) CFO Kurt Shintaffer sold 20,000 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $25.05, for a total value of $501,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Kurt Shintaffer also recently made the following trade(s):

  • On Wednesday, February 14th, Kurt Shintaffer sold 60,000 shares of Apptio stock. The shares were sold at an average price of $25.06, for a total value of $1,503,600.00.
  • On Thursday, November 16th, Kurt Shintaffer sold 20,000 shares of Apptio stock. The shares were sold at an average price of $22.08, for a total value of $441,600.00.

Shares of Apptio Inc. (APTI) traded up $0.21 during trading hours on Wednesday, hitting $25.23. The stock had a trading volume of 865,548 shares, compared to its average volume of 546,824. Apptio Inc. has a 1 year low of $10.77 and a 1 year high of $26.99. The stock has a market capitalization of $1,020.00 and a PE ratio of -38.82.

Apptio (NASDAQ:APTI) last announced its quarterly earnings data on Monday, February 5th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $52.40 million during the quarter, compared to analysts’ expectations of $49.93 million. During the same period last year, the business posted ($0.11) earnings per share. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. equities analysts expect that Apptio Inc. will post -0.44 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the company. Thompson Davis & CO. Inc. raised its stake in shares of Apptio by 3,900.0% in the fourth quarter. Thompson Davis & CO. Inc. now owns 5,000 shares of the technology company’s stock worth $118,000 after purchasing an additional 4,875 shares during the last quarter. Nationwide Fund Advisors raised its stake in shares of Apptio by 244.9% in the second quarter. Nationwide Fund Advisors now owns 10,199 shares of the technology company’s stock worth $177,000 after purchasing an additional 7,242 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Apptio in the second quarter worth about $207,000. Trexquant Investment LP purchased a new position in shares of Apptio in the third quarter worth about $230,000. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Apptio by 321.3% in the second quarter. The Manufacturers Life Insurance Company now owns 15,254 shares of the technology company’s stock worth $265,000 after purchasing an additional 11,633 shares during the last quarter. Hedge funds and other institutional investors own 45.54% of the company’s stock.

A number of equities research analysts have commented on the company. Barclays increased their price target on Apptio from $19.00 to $22.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 31st. Royal Bank of Canada reiterated a “buy” rating and issued a $29.00 price target on shares of Apptio in a research note on Friday, January 26th. KeyCorp reiterated a “buy” rating and issued a $25.00 price target on shares of Apptio in a research note on Wednesday, November 1st. Oppenheimer reiterated a “buy” rating and issued a $25.00 price target on shares of Apptio in a research note on Tuesday, October 24th. Finally, Bank of America increased their price target on Apptio from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, February 6th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $28.50.

COPYRIGHT VIOLATION WARNING: “Insider Selling: Apptio Inc. (APTI) CFO Sells 20,000 Shares of Stock” was originally posted by American Banking News and is the property of of American Banking News. If you are viewing this report on another domain, it was stolen and republished in violation of US & international copyright and trademark laws. The correct version of this report can be accessed at https://www.americanbankingnews.com/2018/02/14/insider-selling-apptio-inc-apti-cfo-sells-20000-shares-of-stock.html.

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)

Receive News & Ratings for Apptio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apptio and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply