Apptio Inc. (APTI) Insider Sells $1,113,046.00 in Stock

Apptio Inc. (NASDAQ:APTI) insider Sachin Gupta sold 50,593 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $22.00, for a total value of $1,113,046.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Sachin Gupta also recently made the following trade(s):

  • On Tuesday, December 12th, Sachin Gupta sold 71,800 shares of Apptio stock. The stock was sold at an average price of $22.65, for a total value of $1,626,270.00.
  • On Wednesday, November 29th, Sachin Gupta sold 80,000 shares of Apptio stock. The stock was sold at an average price of $22.30, for a total value of $1,784,000.00.
  • On Wednesday, November 22nd, Sachin Gupta sold 80,000 shares of Apptio stock. The stock was sold at an average price of $22.16, for a total value of $1,772,800.00.
  • On Friday, November 10th, Sachin Gupta sold 80,000 shares of Apptio stock. The stock was sold at an average price of $21.59, for a total value of $1,727,200.00.

Apptio Inc. (APTI) traded up $0.65 on Friday, hitting $22.84. The stock had a trading volume of 442,417 shares, compared to its average volume of 381,145. Apptio Inc. has a 52 week low of $10.77 and a 52 week high of $24.50.

Apptio (NASDAQ:APTI) last released its earnings results on Monday, October 30th. The technology company reported ($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.08. The company had revenue of $47.00 million during the quarter, compared to analysts’ expectations of $44.86 million. Apptio had a negative return on equity of 36.83% and a negative net margin of 14.77%. The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.45) EPS. analysts expect that Apptio Inc. will post -0.69 earnings per share for the current year.

Several research firms have weighed in on APTI. Zacks Investment Research upgraded Apptio from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Thursday, November 2nd. KeyCorp reiterated a “buy” rating and issued a $25.00 price objective on shares of Apptio in a report on Wednesday, November 1st. JMP Securities started coverage on Apptio in a report on Monday, November 27th. They issued an “outperform” rating and a $28.00 price objective for the company. Oppenheimer restated a “buy” rating and issued a $27.00 target price on shares of Apptio in a research note on Thursday, November 9th. Finally, Bank of America raised their target price on Apptio from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, October 31st. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $24.78.

A number of large investors have recently made changes to their positions in the business. FMR LLC raised its stake in Apptio by 113.5% during the second quarter. FMR LLC now owns 2,042,166 shares of the technology company’s stock valued at $35,432,000 after buying an additional 1,085,566 shares during the last quarter. GMT Capital Corp raised its stake in Apptio by 59.7% during the third quarter. GMT Capital Corp now owns 1,617,314 shares of the technology company’s stock valued at $29,872,000 after buying an additional 604,300 shares during the last quarter. SQN Investors LP bought a new stake in shares of Apptio in the 2nd quarter worth $23,378,000. Whetstone Capital Advisors LLC increased its holdings in shares of Apptio by 45.6% in the 2nd quarter. Whetstone Capital Advisors LLC now owns 807,299 shares of the technology company’s stock worth $14,330,000 after purchasing an additional 252,653 shares in the last quarter. Finally, Janus Henderson Group PLC bought a new stake in shares of Apptio in the 2nd quarter worth $12,320,000. Institutional investors and hedge funds own 45.56% of the company’s stock.

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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)

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