Apptio Inc (APTI) Director Matthew S. Mcilwain Sells 2,500 Shares of Stock
Apptio Inc (NASDAQ:APTI) Director Matthew S. Mcilwain sold 2,500 shares of Apptio stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $26.00, for a total value of $65,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
NASDAQ:APTI traded down $0.86 on Friday, hitting $24.85. 377,885 shares of the company’s stock traded hands, compared to its average volume of 709,354. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.31 and a quick ratio of 2.31. Apptio Inc has a 1 year low of $21.15 and a 1 year high of $41.36. The stock has a market cap of $1.19 billion, a PE ratio of -38.83 and a beta of 1.62.
Apptio (NASDAQ:APTI) last released its earnings results on Monday, October 29th. The technology company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02. Apptio had a negative return on equity of 15.14% and a negative net margin of 11.06%. The company had revenue of $59.22 million for the quarter, compared to analysts’ expectations of $58.09 million. During the same quarter in the previous year, the business posted $0.01 EPS. The business’s revenue for the quarter was up 26.0% on a year-over-year basis. On average, equities research analysts anticipate that Apptio Inc will post -0.4 earnings per share for the current year.
Large investors have recently added to or reduced their stakes in the business. Trexquant Investment LP bought a new stake in shares of Apptio during the third quarter valued at approximately $533,000. BlackRock Inc. increased its position in shares of Apptio by 3.5% during the third quarter. BlackRock Inc. now owns 2,264,029 shares of the technology company’s stock valued at $83,678,000 after purchasing an additional 75,764 shares during the period. Alliancebernstein L.P. increased its position in shares of Apptio by 48.2% during the third quarter. Alliancebernstein L.P. now owns 125,679 shares of the technology company’s stock valued at $4,645,000 after purchasing an additional 40,879 shares during the period. Chartwell Investment Partners LLC bought a new stake in shares of Apptio during the third quarter valued at approximately $3,688,000. Finally, Thompson Siegel & Walmsley LLC increased its position in shares of Apptio by 26.2% during the third quarter. Thompson Siegel & Walmsley LLC now owns 19,240 shares of the technology company’s stock valued at $711,000 after purchasing an additional 4,000 shares during the period. 72.63% of the stock is currently owned by institutional investors.
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.
Further Reading: Understanding each part of a balance sheet
Receive News & Ratings for Apptio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apptio and related companies with MarketBeat.com's FREE daily email newsletter.