Apigee Corp. (APIC) Reaches New 52-Week High at $15.19
Apigee Corp. (NASDAQ:APIC)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $15.19 and last traded at $15.14, with a volume of 64,130 shares traded. The stock had previously closed at $14.89.
A number of brokerages have recently weighed in on APIC. Zacks Investment Research lowered Apigee Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. Pacific Crest reiterated a “buy” rating on shares of Apigee Corp. in a research report on Sunday, May 22nd. Finally, Roth Capital lifted their price objective on Apigee Corp. from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, May 26th.
The firm has a 50 day moving average price of $12.89 and a 200 day moving average price of $10.12. The firm’s market cap is $463.26 million.
Apigee Corp. (NASDAQ:APIC) last announced its quarterly earnings results on Wednesday, May 25th. The company reported ($0.25) EPS for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.02. The firm had revenue of $23.50 million for the quarter, compared to the consensus estimate of $23.17 million. Apigee Corp.’s quarterly revenue was up 35.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.41) earnings per share. Equities research analysts anticipate that Apigee Corp. will post ($1.14) earnings per share for the current year.
In related news, VP Shankar Ramaswamy sold 15,636 shares of the stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $11.49, for a total transaction of $179,657.64. Following the completion of the transaction, the vice president now directly owns 103,350 shares of the company’s stock, valued at $1,187,491.50. The sale was disclosed in a filing with the SEC, which is available through this link.
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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