Apigee Corp. (APIC) Sees Strong Trading Volume
Apigee Corp. (NASDAQ:APIC) saw unusually-high trading volume on Wednesday . Approximately 169,573 shares were traded during trading, an increase of 45% from the previous session’s volume of 116,987 shares.The stock last traded at $14.11 and had previously closed at $14.14.
APIC has been the subject of several recent analyst reports. Roth Capital boosted their price objective on Apigee Corp. from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, May 26th. Pacific Crest reissued a “buy” rating on shares of Apigee Corp. in a report on Sunday, May 22nd. Finally, Zacks Investment Research raised Apigee Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, June 28th.
The company has a 50-day moving average of $12.81 and a 200 day moving average of $10.07. The firm’s market capitalization is $441.10 million.
Apigee Corp. (NASDAQ:APIC) last posted its earnings results on Wednesday, May 25th. The company reported ($0.25) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.02. The firm earned $23.50 million during the quarter, compared to the consensus estimate of $23.17 million. During the same period in the prior year, the company posted ($0.41) EPS. The firm’s revenue was up 35.8% compared to the same quarter last year. On average, equities research analysts forecast that Apigee Corp. will post ($1.14) EPS for the current fiscal year.
In other Apigee Corp. news, VP Shankar Ramaswamy sold 15,636 shares of the stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $11.49, for a total value of $179,657.64. Following the transaction, the vice president now owns 103,350 shares of the company’s stock, valued at $1,187,491.50. The transaction was disclosed in a filing with the SEC, which can be accessed 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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