Insider Selling: Apptio (APTI) CRO Sells $110,864.20 in Stock

Apptio (NASDAQ:APTI) CRO Lawrence Blasko sold 3,671 shares of the company’s stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $30.20, for a total value of $110,864.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Lawrence Blasko also recently made the following trade(s):

  • On Friday, May 11th, Lawrence Blasko sold 29,000 shares of Apptio stock. The stock was sold at an average price of $30.26, for a total value of $877,540.00.
  • On Wednesday, May 9th, Lawrence Blasko sold 36,900 shares of Apptio stock. The stock was sold at an average price of $32.03, for a total value of $1,181,907.00.
  • On Tuesday, March 13th, Lawrence Blasko sold 5,500 shares of Apptio stock. The stock was sold at an average price of $30.04, for a total value of $165,220.00.
  • On Wednesday, March 7th, Lawrence Blasko sold 11,801 shares of Apptio stock. The stock was sold at an average price of $29.95, for a total value of $353,439.95.

NASDAQ APTI opened at $31.73 on Friday. Apptio has a one year low of $15.05 and a one year high of $33.28. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.18 and a quick ratio of 2.18. The firm has a market capitalization of $1.38 billion, a P/E ratio of -49.58 and a beta of 0.02.

Apptio (NASDAQ:APTI) last posted its quarterly earnings data on Monday, April 30th. The technology company reported ($0.13) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.07). Apptio had a negative net margin of 13.68% and a negative return on equity of 25.40%. The firm had revenue of $54.10 million during the quarter, compared to analyst estimates of $51.64 million. During the same period in the prior year, the company posted ($0.08) earnings per share. The firm’s revenue for the quarter was up 23.2% compared to the same quarter last year. sell-side analysts forecast that Apptio will post -0.53 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of APTI. Alkeon Capital Management LLC raised its stake in Apptio by 106.6% in the 1st quarter. Alkeon Capital Management LLC now owns 825,531 shares of the technology company’s stock valued at $23,395,000 after purchasing an additional 426,040 shares during the last quarter. Fred Alger Management Inc. acquired a new position in Apptio in the 4th quarter valued at $9,193,000. Two Sigma Investments LP raised its stake in Apptio by 541.9% in the 4th quarter. Two Sigma Investments LP now owns 373,564 shares of the technology company’s stock valued at $8,786,000 after purchasing an additional 315,364 shares during the last quarter. Spark Investment Management LLC acquired a new position in Apptio in the 1st quarter valued at $8,895,000. Finally, Two Sigma Advisers LP raised its stake in Apptio by 1,911.0% in the 4th quarter. Two Sigma Advisers LP now owns 291,600 shares of the technology company’s stock valued at $6,858,000 after purchasing an additional 277,100 shares during the last quarter. 55.10% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on the company. 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. Oppenheimer upped their target price on Apptio from $31.00 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday, March 15th. Bank of America upped their target price on Apptio from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. BidaskClub raised Apptio from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 7th. Finally, JPMorgan Chase downgraded Apptio from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $27.00 to $18.00 in a research note on Friday, April 27th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. Apptio has a consensus rating of “Buy” and a consensus price target of $31.30.

Apptio Company Profile

Apptio, Inc provides cloud-based technology business management (TBM) solutions to enterprises. Its cloud-based platform and SaaS applications enable IT leaders to analyze, optimize, and plan technology investments, as well as to benchmark financial and operational performance against peers. The company's TBM solutions consist of adaptive data management, which aggregates, cleanses, and correlates large amounts of customer data from various sources; and standard IT operating model and taxonomy that offers a standard model for how IT costs are captured, categorized, and allocated to IT and business services.

Insider Buying and Selling by Quarter for Apptio (NASDAQ:APTI)

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