Apigee Corp. (APIC) Shares Down 3.4%
Apigee Corp. (NASDAQ:APIC) traded down 3.4% on Wednesday . The stock traded as low as $15.40 and last traded at $15.49, with a volume of 62,965 shares traded. The stock had previously closed at $16.03.
Several equities research analysts have recently weighed in on the company. Pacific Crest reissued a “buy” rating on shares of Apigee Corp. in a research report on Sunday, May 22nd. Zacks Investment Research raised Apigee Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, June 28th. Finally, Roth Capital lifted their price target on Apigee Corp. from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, May 26th.
The company has a 50-day moving average of $13.23 and a 200-day moving average of $10.37. The stock’s market cap is $449.19 million.
Apigee Corp. (NASDAQ:APIC) last announced 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 firm had revenue of $23.50 million for the quarter, compared to analyst estimates of $23.17 million. The company’s quarterly revenue was up 35.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.41) EPS. On average, equities research analysts expect 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 company’s stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $11.49, for a total transaction of $179,657.64. Following the sale, the vice president now owns 103,350 shares in the company, valued at $1,187,491.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
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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