Insider Selling: Apptio Inc (APTI) Director Sells 8,000 Shares of Stock

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Apptio Inc (NASDAQ:APTI) Director Peter S. Klein sold 8,000 shares of Apptio stock in a transaction that occurred on Monday, October 15th. The shares were sold at an average price of $29.90, for a total value of $239,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Peter S. Klein also recently made the following trade(s):

  • On Monday, September 10th, Peter S. Klein sold 8,000 shares of Apptio stock. The shares were sold at an average price of $38.76, for a total value of $310,080.00.
  • On Monday, August 13th, Peter S. Klein sold 8,000 shares of Apptio stock. The shares were sold at an average price of $35.07, for a total value of $280,560.00.

APTI stock opened at $28.41 on Friday. Apptio Inc has a 12-month low of $18.35 and a 12-month high of $41.36. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.29 and a quick ratio of 2.29. The company has a market cap of $1.33 billion, a PE ratio of -44.39 and a beta of 0.13.

Apptio (NASDAQ:APTI) last posted its quarterly earnings results on Wednesday, August 1st. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.14. Apptio had a negative net margin of 11.98% and a negative return on equity of 19.28%. The company had revenue of $59.05 million during the quarter, compared to the consensus estimate of $55.60 million. During the same period last year, the firm earned ($0.08) EPS. The company’s revenue for the quarter was up 30.6% on a year-over-year basis. On average, analysts forecast that Apptio Inc will post -0.4 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of APTI. BlackRock Inc. lifted its position in shares of Apptio by 72.3% during the 2nd quarter. BlackRock Inc. now owns 2,188,265 shares of the technology company’s stock valued at $79,215,000 after acquiring an additional 918,403 shares during the period. Macquarie Group Ltd. raised its position in shares of Apptio by 136.6% during the 2nd quarter. Macquarie Group Ltd. now owns 1,040,239 shares of the technology company’s stock worth $37,657,000 after purchasing an additional 600,662 shares during the last quarter. Fred Alger Management Inc. raised its position in shares of Apptio by 85.2% during the 2nd quarter. Fred Alger Management Inc. now owns 1,301,204 shares of the technology company’s stock worth $47,104,000 after purchasing an additional 598,662 shares during the last quarter. Alkeon Capital Management LLC raised its position in shares of Apptio by 106.6% during the 1st quarter. Alkeon Capital Management LLC now owns 825,531 shares of the technology company’s stock worth $23,395,000 after purchasing an additional 426,040 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado acquired a new position in shares of Apptio during the 2nd quarter worth approximately $13,322,000. Institutional investors own 72.49% of the company’s stock.

A number of equities research analysts have weighed in on the company. Barclays lifted their price objective on Apptio from $28.00 to $32.00 and gave the company an “equal weight” rating in a report on Thursday, July 12th. BidaskClub lowered Apptio from a “buy” rating to a “hold” rating in a report on Wednesday, August 1st. Bank of America lifted their price objective on Apptio from $36.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. Royal Bank of Canada reaffirmed a “buy” rating and issued a $41.00 price objective on shares of Apptio in a report on Tuesday, July 31st. Finally, Zacks Investment Research raised Apptio from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a report on Tuesday, August 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $36.50.

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.

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

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