Apptio Inc (NASDAQ:APTI) Director Peter S. Klein sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, October 15th. The stock was sold at an average price of $29.90, for a total value of $239,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Peter S. Klein also recently made the following trade(s):
- On Monday, September 10th, Peter S. Klein sold 8,000 shares of Apptio stock. The shares were sold at an average price of $38.76, for a total value of $310,080.00.
- On Monday, August 13th, Peter S. Klein sold 8,000 shares of Apptio stock. The shares were sold at an average price of $35.07, for a total value of $280,560.00.
Shares of APTI traded down $0.86 during midday trading on Friday, reaching $24.85. The company had a trading volume of 377,885 shares, compared to its average volume of 709,354. Apptio Inc has a 1-year low of $21.15 and a 1-year high of $41.36. The company has a market capitalization of $1.19 billion, a PE ratio of -38.83 and a beta of 1.62. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.70.
Apptio (NASDAQ:APTI) last issued its earnings results on Monday, October 29th. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. Apptio had a negative return on equity of 15.14% and a negative net margin of 11.06%. The business had revenue of $59.22 million during the quarter, compared to the consensus estimate of $58.09 million. During the same period last year, the company earned $0.01 EPS. The company’s revenue for the quarter was up 26.0% on a year-over-year basis. As a group, equities analysts anticipate that Apptio Inc will post -0.4 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in Apptio by 3.5% during the 3rd quarter. BlackRock Inc. now owns 2,264,029 shares of the technology company’s stock valued at $83,678,000 after acquiring an additional 75,764 shares during the period. Fred Alger Management Inc. boosted its holdings in Apptio by 85.2% during the 2nd quarter. Fred Alger Management Inc. now owns 1,301,204 shares of the technology company’s stock valued at $47,104,000 after acquiring an additional 598,662 shares during the period. Macquarie Group Ltd. boosted its holdings in Apptio by 136.6% during the 2nd quarter. Macquarie Group Ltd. now owns 1,040,239 shares of the technology company’s stock valued at $37,657,000 after acquiring an additional 600,662 shares during the period. Millennium Management LLC boosted its holdings in Apptio by 26.1% during the 1st quarter. Millennium Management LLC now owns 900,155 shares of the technology company’s stock valued at $25,510,000 after acquiring an additional 186,464 shares during the period. Finally, Alkeon Capital Management LLC boosted its holdings in Apptio by 106.6% during the 1st quarter. Alkeon Capital Management LLC now owns 825,531 shares of the technology company’s stock valued at $23,395,000 after acquiring an additional 426,040 shares during the period. Institutional investors own 72.63% of the company’s stock.
APTI has been the subject of several recent research reports. Zacks Investment Research raised Apptio from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Friday, November 2nd. BidaskClub raised Apptio from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 13th. Barclays reduced their price objective on Apptio from $37.00 to $30.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 30th. Finally, Royal Bank of Canada reduced their price objective on Apptio to $35.00 and set an “outperform” rating for the company in a research note on Tuesday, October 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $33.80.
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Apptio Company Profile
Apptio, Inc provides cloud-based technology business management (TBM) solutions to enterprises. Its cloud-based platform and SaaS applications enable IT leaders to analyze, optimize, and plan technology investments, as well as to benchmark financial and operational performance against peers. The company's TBM solutions consist of adaptive data management, which aggregates, cleanses, and correlates large amounts of customer data from various sources; and standard IT operating model and taxonomy that offers a standard model for how IT costs are captured, categorized, and allocated to IT and business services.
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