Apptio Inc (NASDAQ:APTI) CRO Lawrence Blasko sold 11,801 shares of the business’s stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $29.95, for a total value of $353,439.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Lawrence Blasko also recently made the following trade(s):
- On Monday, February 12th, Lawrence Blasko sold 30,000 shares of Apptio stock. The stock was sold at an average price of $25.07, for a total value of $752,100.00.
Shares of Apptio Inc (NASDAQ APTI) opened at $29.49 on Friday. Apptio Inc has a fifty-two week low of $10.77 and a fifty-two week high of $30.00.
Several institutional investors and hedge funds have recently modified their holdings of the stock. GMT Capital Corp grew its holdings in shares of Apptio by 59.7% in the third quarter. GMT Capital Corp now owns 1,617,314 shares of the technology company’s stock worth $29,872,000 after acquiring an additional 604,300 shares during the period. Millennium Management LLC grew its holdings in shares of Apptio by 27.9% in the fourth quarter. Millennium Management LLC now owns 713,691 shares of the technology company’s stock worth $16,786,000 after acquiring an additional 155,821 shares during the period. Rubric Capital Management LP grew its holdings in shares of Apptio by 11.9% in the third quarter. Rubric Capital Management LP now owns 668,628 shares of the technology company’s stock worth $12,350,000 after acquiring an additional 71,318 shares during the period. Vanguard Group Inc. grew its holdings in shares of Apptio by 117.7% in the second quarter. Vanguard Group Inc. now owns 664,629 shares of the technology company’s stock worth $11,532,000 after acquiring an additional 359,373 shares during the period. Finally, JPMorgan Chase & Co. bought a new stake in shares of Apptio in the third quarter worth $7,407,000. 57.26% of the stock is owned by institutional investors.
Several research analysts have recently weighed in on the company. BidaskClub upgraded Apptio from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 6th. Jefferies Group restated a “buy” rating and issued a $33.00 price target on shares of Apptio in a research note on Tuesday, February 6th. Oppenheimer restated a “buy” rating and issued a $31.00 price target on shares of Apptio in a research note on Tuesday, January 30th. Zacks Investment Research cut Apptio from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Finally, Barclays boosted their price target on Apptio from $22.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $28.50.
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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.
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