Apigee Corp. (APIC) Trading Up 2.8%
Apigee Corp. (NASDAQ:APIC) shares were up 2.8% on Friday . The stock traded as high as $14.76 and last traded at $14.68, with a volume of 55,152 shares changing hands. The stock had previously closed at $14.28.
Several research analysts have recently weighed in on APIC shares. Zacks Investment Research raised shares of Apigee Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, June 22nd. Roth Capital boosted their price objective on shares of Apigee Corp. from $15.00 to $17.00 and gave the company 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 firm’s market capitalization is $440.06 million. The company’s 50 day moving average price is $12.81 and its 200 day moving average price is $10.07.
Apigee Corp. (NASDAQ:APIC) last posted its earnings results on Wednesday, May 25th. The company reported ($0.25) EPS for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.02. During the same period last year, the business posted ($0.41) EPS. The business had revenue of $23.50 million for the quarter, compared to analysts’ expectations of $23.17 million. The company’s revenue for the quarter was up 35.8% on a year-over-year basis. Equities analysts predict that Apigee Corp. will post ($1.14) EPS 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is available at 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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