Apigee Corp. (APIC) Stock Price Up 7.9%
Apigee Corp. (NASDAQ:APIC) rose 7.9% during trading on Friday . The company 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.
APIC has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Apigee Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 26th. Roth Capital lifted their price target on shares of 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 reiterated 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 stock’s 50 day moving average price is $12.30 and its 200-day moving average price is $9.69.
Apigee Corp. (NASDAQ:APIC) last posted its quarterly earnings data on Wednesday, May 25th. The company reported ($0.25) earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.02. The company earned $23.50 million during the quarter, compared to analyst estimates of $23.17 million. During the same period in the previous year, the company earned ($0.41) EPS. The business’s revenue for the quarter was up 35.8% compared to the same quarter last year. Analysts anticipate that Apigee Corp. will post ($1.14) EPS for the current year.
In related news, VP Shankar Ramaswamy sold 15,636 shares of the company’s stock in a transaction dated Tuesday, June 7th. The shares were 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 $1,187,491.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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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