Apigee Corp. (APIC) Trading Down 2.8%
Apigee Corp. (NASDAQ:APIC)’s share price was down 2.8% during mid-day trading on Tuesday . The company traded as low as $14.24 and last traded at $14.46, with a volume of 170,389 shares. The stock had previously closed at $14.88.
A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded Apigee Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, June 22nd. Roth Capital upped their target price on Apigee Corp. from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, May 26th. Finally, Pacific Crest restated a “buy” rating on shares of Apigee Corp. in a research report on Sunday, May 22nd.
The stock’s market capitalization is $433.02 million. The firm has a 50 day moving average price of $12.41 and a 200-day moving average price of $9.79.
Apigee Corp. (NASDAQ:APIC) last announced its quarterly earnings results on Wednesday, May 25th. The company reported ($0.25) EPS for the quarter, topping analysts’ consensus estimates 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. The firm’s revenue for the quarter was up 35.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.41) EPS. Analysts predict that Apigee Corp. will post ($1.14) EPS for the current fiscal year.
In other Apigee Corp. news, VP Shankar Ramaswamy sold 15,636 shares of the firm’s stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $10.61, for a total transaction of $165,897.96. Following the completion of the transaction, the vice president now owns 153,350 shares in the company, valued at $1,627,043.50. The sale 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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