Apptio (APTI) Getting Somewhat Favorable Press Coverage, Analysis Finds

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News headlines about Apptio (NASDAQ:APTI) have trended somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Apptio earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 45.6764113554001 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

A number of research analysts have issued reports on APTI shares. KeyCorp boosted their price target on Apptio from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Monday, March 19th. JPMorgan Chase & Co. downgraded Apptio from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $27.00 to $18.00 in a report on Friday, April 27th. They noted that the move was a valuation call. Zacks Investment Research downgraded Apptio from a “hold” rating to a “sell” rating in a report on Thursday, May 3rd. Oppenheimer boosted their price target on Apptio from $31.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, March 15th. Finally, BidaskClub raised Apptio from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $31.30.

Shares of Apptio traded up $0.51, hitting $37.98, during trading hours on Wednesday, Marketbeat Ratings reports. 6,657 shares of the company’s stock were exchanged, compared to its average volume of 462,442. 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 company has a market cap of $1.62 billion, a price-to-earnings ratio of -59.45 and a beta of 0.13. Apptio has a fifty-two week low of $16.07 and a fifty-two week high of $37.52.

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

In related news, CRO Lawrence Blasko sold 3,671 shares of the business’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 transaction of $110,864.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Christopher Pick sold 2,446 shares of the business’s stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $30.22, for a total value of $73,918.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 298,065 shares of company stock valued at $9,509,986. Corporate insiders own 24.16% of the company’s stock.

About Apptio

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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