Apptio Inc. (NASDAQ:APTI) CFO Kurt Shintaffer sold 60,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $25.06, for a total transaction of $1,503,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Kurt Shintaffer also recently made the following trade(s):
- On Monday, February 12th, Kurt Shintaffer sold 20,000 shares of Apptio stock. The stock was sold at an average price of $25.05, for a total transaction of $501,000.00.
- On Thursday, November 16th, Kurt Shintaffer sold 20,000 shares of Apptio stock. The stock was sold at an average price of $22.08, for a total transaction of $441,600.00.
Shares of Apptio Inc. (NASDAQ APTI) traded up $0.21 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 stock has a market capitalization of $1,020.00 and a price-to-earnings ratio of -38.82. Apptio Inc. has a 1-year low of $10.77 and a 1-year high of $26.99.
Several research analysts recently weighed in on APTI shares. Oppenheimer restated a “buy” rating and issued a $25.00 price objective on shares of Apptio in a research report on Tuesday, October 24th. Zacks Investment Research cut shares of Apptio from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. JMP Securities started coverage on shares of Apptio in a research report on Monday, November 27th. They issued an “outperform” rating and a $28.00 price objective on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $24.00 target price (up previously from $23.00) on shares of Apptio in a research note on Tuesday, October 31st. Finally, Bank of America upped their target price on Apptio from $20.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $28.50.
A number of institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC boosted its stake in Apptio by 113.5% in the second quarter. FMR LLC now owns 2,042,166 shares of the technology company’s stock worth $35,432,000 after buying an additional 1,085,566 shares in the last quarter. GMT Capital Corp boosted its stake in shares of Apptio by 59.7% during the third quarter. GMT Capital Corp now owns 1,617,314 shares of the technology company’s stock valued at $29,872,000 after purchasing an additional 604,300 shares during the period. Janus Henderson Group PLC purchased a new stake in shares of Apptio during the second quarter valued at approximately $12,320,000. Rubric Capital Management LP boosted its stake in shares of Apptio by 11.9% during the third quarter. Rubric Capital Management LP now owns 668,628 shares of the technology company’s stock valued at $12,350,000 after purchasing an additional 71,318 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Apptio by 117.7% during the second quarter. Vanguard Group Inc. now owns 664,629 shares of the technology company’s stock valued at $11,532,000 after purchasing an additional 359,373 shares during the period. 45.54% of the stock is owned by institutional investors and hedge funds.
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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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