Apigee Corp. (APIC) Trading Down 1.1%
Shares of Apigee Corp. (NASDAQ:APIC) fell 1.1% during mid-day trading on Monday . The company traded as low as $11.68 and last traded at $11.90, with a volume of 72,327 shares traded. The stock had previously closed at $12.03.
A number of research firms have recently issued reports on APIC. Zacks Investment Research raised shares of Apigee Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, June 15th. Roth Capital boosted their price target on shares of Apigee Corp. from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, May 26th. Finally, Pacific Crest reissued a “buy” rating on shares of Apigee Corp. in a research note on Sunday, May 22nd.
The firm has a 50 day moving average of $11.77 and a 200-day moving average of $9.15. The firm’s market capitalization is $351.57 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, topping the Zacks’ consensus estimate of ($0.27) by $0.02. During the same period last year, the company earned ($0.41) earnings per share. The firm earned $23.50 million during the quarter, compared to analysts’ expectations of $23.17 million. The business’s revenue for the quarter was up 35.8% on a year-over-year basis. On average, analysts anticipate that Apigee Corp. will post ($1.14) EPS for the current fiscal year.
In other news, VP Shankar Ramaswamy sold 15,636 shares of the stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $11.49, for a total value of $179,657.64. Following the completion of the sale, the vice president now directly 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 accessible 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.