Apigee Corp. (APIC) Shares Up 4.9%
Apigee Corp. (NASDAQ:APIC) shares shot up 4.9% during trading on Tuesday . The stock traded as high as $12.44 and last traded at $12.32, with a volume of 114,640 shares. The stock had previously closed at $11.74.
Several research firms recently commented on APIC. Zacks Investment Research raised shares of Apigee Corp. from a “sell” rating to a “hold” rating in a report on Monday. Roth Capital raised their price objective on shares of Apigee Corp. from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, May 26th. Finally, Pacific Crest reaffirmed a “buy” rating on shares of Apigee Corp. in a report on Sunday, May 22nd.
The stock’s market cap is $371.93 million. The stock has a 50 day moving average of $11.80 and a 200-day moving average of $9.19.
Apigee Corp. (NASDAQ:APIC) last issued its earnings results on Wednesday, May 25th. The company reported ($0.25) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.02. The firm earned $23.50 million during the quarter, compared to analysts’ expectations of $23.17 million. The firm’s quarterly revenue was up 35.8% on a year-over-year basis. During the same period last year, the firm posted ($0.41) earnings per share. On average, equities analysts anticipate that Apigee Corp. will post ($1.14) earnings per share for the current fiscal year.
In other Apigee Corp. news, VP Shankar Ramaswamy sold 15,636 shares of Apigee Corp. stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $10.61, for a total value of $165,897.96. Following the completion of the transaction, the vice president now directly owns 153,350 shares of the company’s stock, valued at $1,627,043.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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.