Apigee Corp. (APIC) Reaches New 12-Month High at $13.26
Apigee Corp. (NASDAQ:APIC) shares hit a new 52-week high during trading on Thursday . The company traded as high as $13.26 and last traded at $13.17, with a volume of 110,887 shares trading hands. The stock had previously closed at $12.84.
A number of research analysts have recently commented on APIC shares. Zacks Investment Research raised Apigee Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 26th. Roth Capital increased 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 reissued a “buy” rating on shares of Apigee Corp. in a report on Sunday, May 22nd.
The company’s market cap is $425.23 million. The stock has a 50 day moving average price of $12.30 and a 200 day moving average price of $9.69.
Apigee Corp. (NASDAQ:APIC) last announced its quarterly earnings data on Wednesday, May 25th. The company reported ($0.25) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.27) by $0.02. During the same quarter in the previous year, the firm posted ($0.41) EPS. The company had revenue of $23.50 million for the quarter, compared to analysts’ expectations of $23.17 million. The firm’s quarterly revenue was up 35.8% compared to the same quarter last year. Equities analysts expect 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 Apigee Corp. stock in a transaction on 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 sale, the vice president now owns 103,350 shares of the company’s stock, valued at approximately $1,187,491.50. The transaction was disclosed in a 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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