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.

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