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.

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

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.

WARNING: This article was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this article on another website, it was illegally copied and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this article can be accessed at https://www.thecerbatgem.com/2018/02/14/apptio-inc-apti-insider-john-c-morrow-sells-13125-shares.html.

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)

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.