Apptio Inc. (APTI) Insider John C. Morrow Sells 13,125 Shares
Apptio Inc. (NASDAQ:APTI) insider John C. Morrow sold 13,125 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $24.66, for a total value of $323,662.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
John C. Morrow also recently made the following trade(s):
- On Friday, November 24th, John C. Morrow sold 60,455 shares of Apptio stock. The shares were sold at an average price of $22.65, for a total value of $1,369,305.75.
- On Friday, November 17th, John C. Morrow sold 28,337 shares of Apptio stock. The shares were sold at an average price of $22.55, for a total value of $638,999.35.
Shares of Apptio Inc. (APTI) traded up $0.21 on Wednesday, hitting $25.23. The company had a trading volume of 865,548 shares, compared to its average volume of 546,824. Apptio Inc. has a 52-week low of $10.77 and a 52-week high of $26.99. The stock has a market capitalization of $1,020.00 and a PE ratio of -38.82.
Institutional investors and hedge funds have recently modified their holdings of the stock. Thompson Davis & CO. Inc. increased its position in shares of Apptio by 3,900.0% during the fourth quarter. Thompson Davis & CO. Inc. now owns 5,000 shares of the technology company’s stock worth $118,000 after purchasing an additional 4,875 shares in the last quarter. Nationwide Fund Advisors increased its position in shares of Apptio by 244.9% during the second quarter. Nationwide Fund Advisors now owns 10,199 shares of the technology company’s stock worth $177,000 after purchasing an additional 7,242 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Apptio during the second quarter worth approximately $207,000. Trexquant Investment LP purchased a new stake in shares of Apptio during the third quarter worth approximately $230,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Apptio during the fourth quarter worth approximately $323,000. Hedge funds and other institutional investors own 45.54% of the company’s stock.
A number of research firms have recently commented on APTI. BidaskClub cut Apptio from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Oppenheimer restated a “buy” rating and issued a $31.00 price objective on shares of Apptio in a research report on Tuesday, January 30th. Zacks Investment Research upgraded Apptio from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Thursday, February 8th. Bank of America boosted their price objective on Apptio from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, October 31st. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $24.00 price objective (up from $23.00) on shares of Apptio in a research report on Tuesday, October 31st. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $28.50.
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.
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