Apptio Inc. (NASDAQ:APTI) Director Matthew S. Mcilwain sold 32,500 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $24.92, for a total value of $809,900.00. The sale was disclosed in a filing with the SEC, which is available at this link.

Matthew S. Mcilwain also recently made the following trade(s):

  • On Thursday, February 8th, Matthew S. Mcilwain sold 7,400 shares of Apptio stock. The stock was sold at an average price of $25.26, for a total value of $186,924.00.

Apptio Inc. (APTI) opened at $25.02 on Wednesday. The firm has a market capitalization of $1,002.43, a P/E ratio of -38.49 and a beta of 0.96. Apptio Inc. has a 1-year low of $10.77 and a 1-year high of $26.99.

Apptio (NASDAQ:APTI) last posted its earnings results on Monday, February 5th. The technology company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. The business had revenue of $52.40 million for the quarter, compared to analyst estimates of $49.93 million. Apptio had a negative return on equity of 35.28% and a negative net margin of 13.59%. The firm’s revenue was up 18.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.11) EPS. equities research analysts anticipate that Apptio Inc. will post -0.44 EPS for the current year.

Hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its holdings in shares of Apptio by 73.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 47,342 shares of the technology company’s stock worth $821,000 after acquiring an additional 20,040 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Apptio by 17.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 72,013 shares of the technology company’s stock worth $1,330,000 after acquiring an additional 10,768 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Apptio by 32.0% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 39,600 shares of the technology company’s stock worth $732,000 after acquiring an additional 9,600 shares during the last quarter. State Street Corp increased its holdings in shares of Apptio by 145.6% during the 2nd quarter. State Street Corp now owns 240,619 shares of the technology company’s stock worth $4,176,000 after acquiring an additional 142,628 shares during the last quarter. Finally, California State Teachers Retirement System increased its holdings in shares of Apptio by 124.3% during the 2nd quarter. California State Teachers Retirement System now owns 31,400 shares of the technology company’s stock worth $545,000 after acquiring an additional 17,400 shares during the last quarter. 45.54% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on APTI. BidaskClub cut Apptio from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research cut Apptio from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Jefferies Group reiterated a “buy” rating and set a $33.00 price objective on shares of Apptio in a research note on Tuesday, February 6th. Bank of America upped their price objective on Apptio from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Finally, Barclays upped their price objective on Apptio from $22.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Apptio currently has an average rating of “Buy” and a consensus target price of $28.50.

COPYRIGHT VIOLATION WARNING: “Apptio Inc. (APTI) Director Matthew S. Mcilwain Sells 32,500 Shares” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2018/02/14/apptio-inc-apti-director-matthew-s-mcilwain-sells-32500-shares.html.

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)

Receive News & Ratings for Apptio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apptio and related companies with MarketBeat.com's FREE daily email newsletter.