Apptio Inc. (NASDAQ:APTI) insider Sachin Gupta sold 80,000 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $22.30, for a total transaction of $1,784,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Sachin Gupta also recently made the following trade(s):

  • On Wednesday, November 22nd, Sachin Gupta sold 80,000 shares of Apptio stock. The stock was sold at an average price of $22.16, for a total transaction of $1,772,800.00.
  • On Friday, November 10th, Sachin Gupta sold 80,000 shares of Apptio stock. The stock was sold at an average price of $21.59, for a total transaction of $1,727,200.00.

Apptio Inc. (NASDAQ APTI) traded up $0.17 during trading on Friday, reaching $22.48. 330,824 shares of the company traded hands, compared to its average volume of 471,451. Apptio Inc. has a one year low of $10.77 and a one year high of $24.50.

Apptio (NASDAQ:APTI) last released its earnings results on Monday, October 30th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.08. The company had revenue of $47.00 million during the quarter, compared to analyst estimates of $44.86 million. Apptio had a negative net margin of 14.77% and a negative return on equity of 36.83%. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.45) EPS. analysts predict that Apptio Inc. will post -0.69 earnings per share for the current fiscal year.

Several brokerages have recently weighed in on APTI. Bank of America increased their price objective on shares of Apptio from $20.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Oppenheimer reiterated a “buy” rating and issued a $27.00 price objective on shares of Apptio in a research note on Thursday, November 9th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $24.00 price objective (up previously from $23.00) on shares of Apptio in a research note on Tuesday, October 31st. Barclays increased their price objective on shares of Apptio from $19.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 31st. Finally, JMP Securities began coverage on shares of Apptio in a research note on Monday, November 27th. They issued an “outperform” rating and a $28.00 price objective on the stock. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Apptio currently has an average rating of “Buy” and a consensus target price of $24.78.

A number of institutional investors have recently added to or reduced their stakes in the stock. FMR LLC increased its holdings in Apptio by 113.5% in the 2nd quarter. FMR LLC now owns 2,042,166 shares of the technology company’s stock worth $35,432,000 after acquiring an additional 1,085,566 shares in the last quarter. GMT Capital Corp increased its holdings in Apptio by 59.7% in the 3rd quarter. GMT Capital Corp now owns 1,617,314 shares of the technology company’s stock worth $29,872,000 after acquiring an additional 604,300 shares in the last quarter. SQN Investors LP purchased a new stake in Apptio in the 2nd quarter worth approximately $23,378,000. Whetstone Capital Advisors LLC increased its holdings in Apptio by 45.6% in the 2nd quarter. Whetstone Capital Advisors LLC now owns 807,299 shares of the technology company’s stock worth $14,330,000 after acquiring an additional 252,653 shares in the last quarter. Finally, Janus Henderson Group PLC purchased a new stake in Apptio in the 2nd quarter worth approximately $12,320,000. 45.56% of the stock is owned by institutional investors.

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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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