Media stories about Apptio (NASDAQ:APTI) have been trending somewhat positive on Wednesday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Apptio earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 44.7609227248601 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Hot Stock to Track – Apptio, Inc., (NASDAQ: APTI) – Stock Watch (stocksnewstimes.com)
- Apptio Inc. (APTI) Insider Sachin Gupta Sells 80,000 Shares (americanbankingnews.com)
- Apptio Inc. (APTI) Receives Consensus Recommendation of “Buy” from Analysts (americanbankingnews.com)
- Head to Head Survey: Apptio (APTI) vs. The Competition (americanbankingnews.com)
- ETFs with exposure to Apptio, Inc. : November 9, 2017 (finance.yahoo.com)
Several equities research analysts have recently issued reports on APTI shares. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Apptio in a research note on Tuesday, October 24th. KeyCorp reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Apptio in a research note on Friday, October 6th. Zacks Investment Research lowered Apptio from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Royal Bank Of Canada raised their price objective on Apptio from $19.00 to $21.00 and gave the company an “outperform” rating in a research note on Thursday, August 3rd. Finally, Barclays PLC raised their price target on Apptio from $19.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 31st. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $24.38.
Shares of Apptio (APTI) opened at $21.83 on Wednesday. Apptio has a one year low of $10.77 and a one year high of $24.50.
Apptio (NASDAQ:APTI) last released its quarterly earnings data on Monday, October 30th. The technology company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.08. The company had revenue of $47.00 million for the quarter, compared to the consensus estimate of $44.86 million. Apptio had a negative return on equity of 36.83% and a negative net margin of 14.77%. Apptio’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period last year, the business posted ($0.45) EPS. equities research analysts anticipate that Apptio will post -0.69 EPS for the current year.
In other Apptio news, insider Christopher Pick sold 171,000 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $21.83, for a total transaction of $3,732,930.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Sachin Gupta sold 80,000 shares of Apptio stock in a transaction on Friday, November 10th. The shares were sold at an average price of $21.59, for a total value of $1,727,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 296,000 shares of company stock worth $6,442,930 over the last 90 days. 43.20% of the stock is currently owned by company insiders.
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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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