Apigee Corp. (APIC) Shares Down 1.1%
Apigee Corp. (NASDAQ:APIC)’s share price was down 1.1% during trading on Monday . The stock traded as low as $11.68 and last traded at $11.90, with a volume of 72,327 shares changing hands. The stock had previously closed at $12.03.
Several equities analysts recently commented on APIC shares. Zacks Investment Research upgraded Apigee Corp. from a “hold” rating to a “buy” rating and set a $9.00 target price for the company in a research note on Tuesday, March 22nd. Roth Capital upped their target price on Apigee Corp. from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, May 26th. Finally, Pacific Crest reiterated a “buy” rating on shares of Apigee Corp. in a research note on Sunday, May 22nd.
The company has a 50 day moving average of $11.85 and a 200 day moving average of $9.21. The stock’s market capitalization is $372.53 million.
Apigee Corp. (NASDAQ:APIC) last issued its quarterly earnings results on Wednesday, May 25th. The company reported ($0.25) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.02. The firm had revenue of $23.50 million for the quarter, compared to analyst estimates of $23.17 million. The firm’s revenue for the quarter was up 35.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.41) earnings per share. Equities research analysts anticipate that Apigee Corp. will post ($1.14) EPS for the current fiscal year.
In other news, VP Shankar Ramaswamy sold 15,636 shares of Apigee Corp. stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $10.61, for a total transaction of $165,897.96. Following the transaction, the vice president now directly owns 153,350 shares in the company, valued at approximately $1,627,043.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Apigee Corporation (Apigee) is a provider of an application program interface (API)-based software platform that enables digital connectivity and business insights. The Company’s platform allows businesses to design, deploy and scale APIs as a connection layer between its information technology (IT) systems and data and the applications with which its customers, partners, employees and other users engage with its business.
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