Apigee Corp. (APIC) Trading 3.3% Higher
Apigee Corp. (NASDAQ:APIC)’s share price traded up 3.3% on Monday . The company traded as high as $12.43 and last traded at $12.33, with a volume of 78,592 shares changing hands. The stock had previously closed at $11.94.
A number of equities analysts recently weighed in 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 upgraded shares of Apigee Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, June 28th. Finally, Roth Capital boosted their target price on shares of Apigee Corp. from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, May 26th.
The company has a 50 day moving average of $12.04 and a 200 day moving average of $9.40. The company’s market cap is $373.73 million.
Apigee Corp. (NASDAQ:APIC) last posted its earnings results on Wednesday, May 25th. The company reported ($0.25) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.02. The business earned $23.50 million during the quarter, compared to analyst estimates of $23.17 million. During the same period in the previous year, the firm posted ($0.41) earnings per share. The firm’s revenue was up 35.8% on a year-over-year basis. Equities research analysts predict that Apigee Corp. will post ($1.14) earnings per share for the current fiscal year.
In other Apigee Corp. news, VP Shankar Ramaswamy sold 15,636 shares of the business’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $11.49, for a total value of $179,657.64. Following the completion of the transaction, the vice president now directly owns 103,350 shares of the company’s stock, valued at $1,187,491.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
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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