Apigee Corp. (APIC) Shares Up 4.9%
Apigee Corp. (NASDAQ:APIC) shot up 4.9% on Tuesday . The stock traded as high as $12.44 and last traded at $12.32, with a volume of 114,640 shares trading hands. The stock had previously closed at $11.74.
Several brokerages have recently weighed in on APIC. Zacks Investment Research raised shares of Apigee Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, June 15th. Roth Capital increased their target price on shares of 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 reissued a “buy” rating on shares of Apigee Corp. in a research note on Sunday, May 22nd.
The firm’s 50 day moving average is $11.89 and its 200 day moving average is $9.23. The stock’s market cap is $372.23 million.
Apigee Corp. (NASDAQ:APIC) last issued its quarterly earnings data on Wednesday, May 25th. The company reported ($0.25) EPS for the quarter, topping analysts’ consensus estimates 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. Apigee Corp.’s revenue for the quarter was up 35.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.41) EPS. On average, analysts expect that Apigee Corp. will post ($1.14) EPS for the current year.
In other news, VP Shankar Ramaswamy sold 15,636 shares of the firm’s stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $11.49, for a total transaction of $179,657.64. Following the sale, the vice president now owns 103,350 shares of the company’s stock, valued at approximately $1,187,491.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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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