Apigee Corp. (APIC) Stock Price Up 3.3%
Shares of Apigee Corp. (NASDAQ:APIC) rose 3.3% during mid-day trading on Monday . The stock traded as high as $12.43 and last traded at $12.33, with a volume of 78,592 shares changing hands. The stock had previously closed at $11.94.
APIC has been the topic of several recent research reports. Zacks Investment Research cut Apigee Corp. from a “hold” rating to a “sell” rating in a research report on Monday, July 4th. Roth Capital increased their target price on Apigee Corp. from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, May 26th. Finally, Pacific Crest reissued a “buy” rating on shares of Apigee Corp. in a research report on Sunday, May 22nd.
The firm has a 50 day moving average price of $12.10 and a 200-day moving average price of $9.47. The firm’s market capitalization is $370.76 million.
Apigee Corp. (NASDAQ:APIC) last released its quarterly earnings data on Wednesday, May 25th. The company reported ($0.25) EPS for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.02. The business earned $23.50 million during the quarter, compared to analyst estimates of $23.17 million. The company’s revenue was up 35.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.41) earnings per share. Equities analysts expect 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 the business’s stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $10.61, for a total value of $165,897.96. Following the sale, the vice president now owns 153,350 shares of the company’s stock, valued at $1,627,043.50. The sale was disclosed in a 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.