Apptio Inc. (NASDAQ:APTI) posted its quarterly earnings data on Monday, October 30th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.08, Bloomberg Earnings reports. Apptio had a negative return on equity of 36.83% and a negative net margin of 14.77%. The business had revenue of $47.00 million during the quarter, compared to analyst estimates of $44.86 million. During the same period last year, the company earned ($0.45) EPS. The company’s revenue for the quarter was up 15.8% on a year-over-year basis.
Shares of Apptio (APTI) opened at $21.83 on Wednesday. Apptio has a 12-month low of $10.77 and a 12-month high of $24.50.
Several analysts have issued reports on APTI shares. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $27.00 price objective on shares of Apptio in a research report on Thursday, November 9th. Zacks Investment Research raised Apptio from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Thursday, November 2nd. KeyCorp reaffirmed a “buy” rating and set a $25.00 price target on shares of Apptio in a research report on Wednesday, November 1st. Bank of America Corporation lifted their price target on Apptio from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Finally, Barclays PLC lifted their price target on Apptio from $19.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 31st. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Apptio presently has a consensus rating of “Buy” and a consensus target price of $24.38.
In related news, insider Sachin Gupta sold 80,000 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $21.59, for a total value of $1,727,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christopher Pick sold 171,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $21.83, for a total transaction of $3,732,930.00. The disclosure for this sale can be found here. In the last three months, insiders sold 296,000 shares of company stock worth $6,442,930. 43.20% of the stock is owned by corporate 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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