Apigee Corp. (APIC) Shares Down 2.7%
Apigee Corp. (NASDAQ:APIC) traded down 2.7% during trading on Thursday . The stock traded as low as $11.64 and last traded at $11.82, with a volume of 89,398 shares. The stock had previously closed at $12.15.
Several equities research analysts have commented on the stock. Pacific Crest reiterated a “buy” rating on shares of Apigee Corp. in a research report on Sunday, May 22nd. Zacks Investment Research downgraded Apigee Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, May 3rd. Finally, Roth Capital boosted their price objective on Apigee Corp. from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, May 26th.
The company’s market cap is $350.97 million. The stock has a 50 day moving average of $12.03 and a 200-day moving average of $9.37.
Apigee Corp. (NASDAQ:APIC) last announced its earnings results on Wednesday, May 25th. The company reported ($0.25) EPS for the quarter, topping the consensus estimate of ($0.27) by $0.02. The business had revenue of $23.50 million for the quarter, compared to the consensus estimate of $23.17 million. Apigee Corp.’s revenue for the quarter was up 35.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.41) EPS. Analysts expect that Apigee Corp. will post ($1.14) earnings per share for the current year.
In other news, VP Shankar Ramaswamy sold 15,636 shares of the 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 sale, the vice president now owns 153,350 shares in the company, valued at $1,627,043.50. The sale was disclosed in a document filed 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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