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.

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