Apigee Corp. (APIC) Sees Strong Trading Volume
Apigee Corp. (NASDAQ:APIC) saw strong trading volume on Wednesday . 169,573 shares were traded during mid-day trading, an increase of 45% from the previous session’s volume of 116,987 shares.The stock last traded at $14.11 and had previously closed at $14.14.
A number of equities research analysts have recently issued reports on the stock. Pacific Crest reissued a “buy” rating on shares of Apigee Corp. in a research note on Sunday, May 22nd. Zacks Investment Research raised shares of Apigee Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, June 28th. Finally, Roth Capital boosted their price target on shares of Apigee Corp. from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, May 26th.
The firm’s market cap is $422.84 million. The firm has a 50 day moving average of $12.70 and a 200 day moving average of $10.01.
Apigee Corp. (NASDAQ:APIC) last posted its earnings results on Wednesday, May 25th. The company reported ($0.25) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.27) by $0.02. The business had revenue of $23.50 million for the quarter, compared to analysts’ expectations of $23.17 million. The business’s revenue was up 35.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.41) earnings per share. On average, analysts predict that Apigee Corp. will post ($1.14) earnings per share for the current year.
In other Apigee Corp. news, VP Shankar Ramaswamy sold 15,636 shares of the firm’s stock in a transaction dated Tuesday, June 7th. The shares were 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 in the company, valued at approximately $1,187,491.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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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