Apptio Inc. (NASDAQ:APTI) CFO Kurt Shintaffer sold 60,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $25.06, for a total value of $1,503,600.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Kurt Shintaffer also recently made the following trade(s):

  • On Monday, February 12th, Kurt Shintaffer sold 20,000 shares of Apptio stock. The shares were sold at an average price of $25.05, for a total value of $501,000.00.
  • On Thursday, November 16th, Kurt Shintaffer sold 20,000 shares of Apptio stock. The shares were sold at an average price of $22.08, for a total value of $441,600.00.

Apptio Inc. (APTI) traded up $0.21 during midday trading on Wednesday, reaching $25.23. The company had a trading volume of 865,548 shares, compared to its average volume of 546,824. Apptio Inc. has a 52 week low of $10.77 and a 52 week high of $26.99. The company has a market cap of $1,020.00 and a P/E ratio of -38.82.

Apptio (NASDAQ:APTI) last released its quarterly earnings data on Monday, February 5th. The technology company reported ($0.06) EPS for the quarter, topping 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 company had revenue of $52.40 million during the quarter, compared to the consensus estimate of $49.93 million. During the same period last year, the company earned ($0.11) EPS. Apptio’s revenue for the quarter was up 18.3% on a year-over-year basis. sell-side analysts anticipate that Apptio Inc. will post -0.44 EPS for the current fiscal year.

Several equities analysts have recently weighed in on APTI shares. Oppenheimer restated a “buy” rating and set a $25.00 price target on shares of Apptio in a report on Tuesday, October 24th. BidaskClub upgraded Apptio from a “buy” rating to a “strong-buy” rating in a report on Friday, January 5th. Zacks Investment Research downgraded Apptio from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. KeyCorp reiterated a “buy” rating and issued a $25.00 price objective on shares of Apptio in a report on Wednesday, November 1st. Finally, Jefferies Group reiterated a “buy” rating and issued a $33.00 price objective on shares of Apptio in a report on Tuesday, February 6th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Apptio presently has a consensus rating of “Buy” and an average price target of $28.50.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its position in Apptio by 73.4% in the second quarter. Bank of New York Mellon Corp now owns 47,342 shares of the technology company’s stock worth $821,000 after purchasing an additional 20,040 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Apptio by 17.6% in the third quarter. Ameriprise Financial Inc. now owns 72,013 shares of the technology company’s stock worth $1,330,000 after purchasing an additional 10,768 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in Apptio by 32.0% in the third quarter. Schwab Charles Investment Management Inc. now owns 39,600 shares of the technology company’s stock worth $732,000 after purchasing an additional 9,600 shares during the last quarter. State Street Corp boosted its position in Apptio by 145.6% in the second quarter. State Street Corp now owns 240,619 shares of the technology company’s stock worth $4,176,000 after purchasing an additional 142,628 shares during the last quarter. Finally, JPMorgan Chase & Co. purchased a new position in Apptio in the third quarter worth about $7,407,000. Institutional investors own 45.54% 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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