Apigee Corp. (NASDAQ:APIC)’s share price was down 1.1% during trading on Monday . The stock traded as low as $11.68 and last traded at $11.90, with a volume of 72,327 shares changing hands. The stock had previously closed at $12.03.

Several equities analysts recently commented on APIC shares. Zacks Investment Research upgraded Apigee Corp. from a “hold” rating to a “buy” rating and set a $9.00 target price for the company in a research note on Tuesday, March 22nd. 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 note on Thursday, May 26th. Finally, Pacific Crest reiterated a “buy” rating on shares of Apigee Corp. in a research note on Sunday, May 22nd.

The company has a 50 day moving average of $11.85 and a 200 day moving average of $9.21. The stock’s market capitalization is $372.53 million.

Apigee Corp. (NASDAQ:APIC) last issued its quarterly earnings results on Wednesday, May 25th. The company reported ($0.25) earnings per share (EPS) for the quarter, beating the 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 firm’s revenue for the quarter was up 35.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.41) earnings per share. Equities research 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 Apigee Corp. stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $10.61, for a total transaction of $165,897.96. Following the transaction, the vice president now directly owns 153,350 shares in the company, valued at approximately $1,627,043.50. The sale was disclosed in a legal filing with the SEC, which can be accessed 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.