Apptio Inc. (NASDAQ:APTI) insider Sachin Gupta sold 50,593 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $22.00, for a total transaction of $1,113,046.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

  • On Wednesday, November 29th, Sachin Gupta sold 80,000 shares of Apptio stock. The stock was sold at an average price of $22.30, for a total transaction of $1,784,000.00.
  • 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 $0.30 during trading on Friday, reaching $23.27. 325,633 shares of the company were exchanged, compared to its average volume of 336,733. Apptio Inc. has a 1 year low of $10.77 and a 1 year high of $24.50.

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

A number of institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its stake in Apptio by 2.9% in the 1st quarter. Geode Capital Management LLC now owns 81,459 shares of the technology company’s stock worth $955,000 after purchasing an additional 2,277 shares during the period. Worth Venture Partners LLC boosted its stake in Apptio by 8.9% in the 3rd quarter. Worth Venture Partners LLC now owns 40,849 shares of the technology company’s stock worth $754,000 after purchasing an additional 3,350 shares during the period. HighTower Advisors LLC boosted its stake in Apptio by 22.9% in the 2nd quarter. HighTower Advisors LLC now owns 18,752 shares of the technology company’s stock worth $324,000 after purchasing an additional 3,500 shares during the period. Monarch Partners Asset Management LLC boosted its stake in Apptio by 15.1% in the 3rd quarter. Monarch Partners Asset Management LLC now owns 27,100 shares of the technology company’s stock worth $501,000 after purchasing an additional 3,550 shares during the period. Finally, California State Teachers Retirement System boosted its stake in Apptio by 12.3% in the 3rd quarter. California State Teachers Retirement System now owns 35,252 shares of the technology company’s stock worth $651,000 after purchasing an additional 3,852 shares during the period. 45.56% of the stock is owned by hedge funds and other institutional investors.

Several research firms have issued reports on APTI. Royal Bank Of Canada restated a “buy” rating and issued a $21.00 price target on shares of Apptio in a research report on Tuesday, October 10th. Zacks Investment Research lowered shares of Apptio from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Oppenheimer restated a “buy” rating and issued a $27.00 price target (up previously from $25.00) on shares of Apptio in a research report on Tuesday, October 31st. Barclays lifted their price target on shares of Apptio from $19.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 31st. Finally, JMP Securities began coverage on shares of Apptio in a research report on Monday, November 27th. They issued an “outperform” rating and a $28.00 price target on the stock. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $24.78.

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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)

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