Apigee Corp. (APIC) Trading 2.8% Higher
Apigee Corp. (NASDAQ:APIC) traded 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 trading hands. The stock had previously closed at $14.28.
APIC has been the topic of several research analyst reports. Pacific Crest restated a “buy” rating on shares of Apigee Corp. in a research report on Sunday, May 22nd. Zacks Investment Research upgraded Apigee Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, June 28th. Finally, Roth Capital upped their target price on Apigee Corp. from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, May 26th.
The firm’s market cap is $445.90 million. The company’s 50 day moving average is $12.89 and its 200 day moving average is $10.12.
Apigee Corp. (NASDAQ:APIC) last posted its quarterly earnings data on Wednesday, May 25th. The company reported ($0.25) earnings per share (EPS) 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 the consensus estimate of $23.17 million. During the same period in the prior year, the business posted ($0.41) EPS. Apigee Corp.’s quarterly revenue was up 35.8% on a year-over-year basis. Equities research analysts forecast 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 Apigee Corp. stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $11.49, for a total transaction 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 sale was disclosed in a filing with the SEC, 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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