Apptio (APTI) Given News Impact Score of 0.12

Headlines about Apptio (NASDAQ:APTI) have been trending somewhat positive on Saturday, according to Accern Sentiment. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Apptio earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 45.9588654139493 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the headlines that may have impacted Accern’s analysis:

Several research analysts recently weighed in on the company. Barclays raised their target price on Apptio from $19.00 to $22.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 31st. Royal Bank of Canada reaffirmed a “buy” rating and set a $29.00 target price on shares of Apptio in a research note on Friday, January 26th. KeyCorp reaffirmed a “buy” rating and set a $25.00 target price on shares of Apptio in a research note on Wednesday, November 1st. Oppenheimer reaffirmed a “buy” rating and set a $25.00 target price on shares of Apptio in a research note on Tuesday, October 24th. Finally, Bank of America raised their target price on Apptio from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, February 6th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Apptio has a consensus rating of “Buy” and a consensus target price of $28.50.

Shares of Apptio (APTI) traded down $0.42 during midday trading on Friday, hitting $26.19. The stock had a trading volume of 403,539 shares, compared to its average volume of 593,100. Apptio has a twelve month low of $10.77 and a twelve month high of $26.99. The stock has a market capitalization of $1,040.00 and a P/E ratio of -40.29.

Apptio (NASDAQ:APTI) last announced its earnings results on Monday, February 5th. The technology company reported ($0.06) EPS for the quarter, beating the 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 business had revenue of $52.40 million during the quarter, compared to the consensus estimate of $49.93 million. During the same period in the prior year, the business posted ($0.11) earnings per share. Apptio’s revenue was up 18.3% compared to the same quarter last year. sell-side analysts expect that Apptio will post -0.44 EPS for the current year.

In related news, insider John C. Morrow sold 60,455 shares of the stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $22.65, for a total value of $1,369,305.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sachin Gupta sold 80,000 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $22.16, for a total value of $1,772,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 585,873 shares of company stock valued at $13,803,408. 43.20% of the stock is currently owned by company insiders.

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About Apptio

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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