Apigee Corp. (APIC) Shares Down 2.7%
Apigee Corp. (NASDAQ:APIC) shares fell 2.7% on Thursday . The stock traded as low as $11.64 and last traded at $11.82, with a volume of 89,398 shares. The stock had previously closed at $12.15.
Several brokerages have weighed in on APIC. Pacific Crest reissued a “buy” rating on shares of Apigee Corp. in a report on Sunday, May 22nd. Zacks Investment Research lowered shares of Apigee Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, May 3rd. Finally, 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.
The stock has a 50-day moving average price of $12.04 and a 200-day moving average price of $9.40. The firm’s market cap is $357.56 million.
Apigee Corp. (NASDAQ:APIC) last posted its earnings results on Wednesday, May 25th. The company reported ($0.25) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.27) by $0.02. The business earned $23.50 million during the quarter, compared to analyst estimates of $23.17 million. During the same quarter last year, the firm earned ($0.41) earnings per share. Apigee Corp.’s revenue was up 35.8% compared to the same quarter last year. Analysts anticipate that Apigee Corp. will post ($1.14) earnings per share for the current year.
In other Apigee Corp. news, VP Shankar Ramaswamy sold 15,636 shares of Apigee Corp. stock in a transaction that occurred 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 in the company, valued at $1,187,491.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
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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