Apigee Corp. (APIC) Trading 7.9% Higher
Apigee Corp. (NASDAQ:APIC)’s share price traded up 7.9% during mid-day trading on Friday . The stock traded as high as $14.43 and last traded at $14.20, with a volume of 155,627 shares. The stock had previously closed at $13.16.
Several equities analysts recently issued reports on the company. Zacks Investment Research raised Apigee Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 26th. Roth Capital lifted 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. Finally, Pacific Crest reaffirmed a “buy” rating on shares of Apigee Corp. in a report on Sunday, May 22nd.
The company’s market capitalization is $425.23 million. The firm has a 50-day moving average of $12.26 and a 200-day moving average of $9.66.
Apigee Corp. (NASDAQ:APIC) last posted its earnings results on Wednesday, May 25th. The company reported ($0.25) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.27) by $0.02. The company had revenue of $23.50 million for the quarter, compared to the consensus estimate of $23.17 million. During the same period last year, the company posted ($0.41) earnings per share. The firm’s revenue for the quarter was up 35.8% compared to the same quarter last year. On average, analysts forecast that Apigee Corp. will post ($1.14) EPS for the current fiscal year.
In other news, VP Shankar Ramaswamy sold 15,636 shares of the company’s stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $11.49, for a total transaction 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 filing with the Securities & Exchange Commission, 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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