Apigee Corp. (APIC) Sets New 1-Year High at $15.19
Apigee Corp. (NASDAQ:APIC) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $15.19 and last traded at $15.14, with a volume of 64,130 shares changing hands. The stock had previously closed at $14.89.
APIC has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Apigee Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, June 22nd. Roth Capital increased their price objective on shares of Apigee Corp. from $15.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, May 26th. Finally, Pacific Crest reaffirmed a “buy” rating on shares of Apigee Corp. in a report on Sunday, May 22nd.
The firm’s 50-day moving average price is $13.06 and its 200-day moving average price is $10.30. The firm’s market capitalization is $480.03 million.
Apigee Corp. (NASDAQ:APIC) last released its quarterly earnings results on Wednesday, May 25th. The company reported ($0.25) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.02. During the same quarter in the prior year, the company posted ($0.41) earnings per share. The business had revenue of $23.50 million for the quarter, compared to analysts’ expectations of $23.17 million. The business’s revenue for the quarter was up 35.8% compared to the same quarter last year. On average, equities research analysts predict that Apigee Corp. will post ($1.14) EPS for the current year.
In other news, VP Shankar Ramaswamy sold 15,636 shares of the stock in a transaction 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 in the company, valued at approximately $1,187,491.50. The transaction was disclosed in a document filed with the SEC, which is accessible 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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