Apptio Inc. (NASDAQ:APTI) insider Sachin Gupta sold 71,800 shares of the business’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $22.65, for a total value of $1,626,270.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Wednesday, December 6th, Sachin Gupta sold 50,593 shares of Apptio stock. The shares were sold at an average price of $22.00, for a total value of $1,113,046.00.
  • 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 value 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 value 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 value of $1,727,200.00.

Apptio Inc. (NASDAQ APTI) traded up $0.05 during mid-day trading on Thursday, reaching $22.19. The company had a trading volume of 247,279 shares, compared to its average volume of 337,828. Apptio Inc. has a fifty-two week low of $10.77 and a fifty-two week high of $24.50.

Apptio (NASDAQ:APTI) last issued 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. The firm had revenue of $47.00 million during the quarter, compared to analyst estimates of $44.86 million. Apptio had a negative return on equity of 36.83% and a negative net margin of 14.77%. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.45) EPS. analysts anticipate that Apptio Inc. will post -0.69 earnings per share for the current year.

APTI has been the topic of a number of research reports. KeyCorp reaffirmed a “buy” rating and set a $22.00 price target on shares of Apptio in a research note on Friday, October 6th. Oppenheimer reaffirmed a “buy” rating and set a $27.00 price target (up from $25.00) on shares of Apptio in a research note on Tuesday, October 31st. Royal Bank of Canada reaffirmed a “buy” rating and set a $21.00 price target on shares of Apptio in a research note on Tuesday, October 10th. Zacks Investment Research downgraded Apptio from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, JMP Securities initiated coverage on Apptio in a research note on Monday, November 27th. They set an “outperform” rating and a $28.00 price target on the stock. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Apptio presently has a consensus rating of “Buy” and a consensus price target of $24.78.

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