Apigee Corp. (APIC) Shares Up 4.1%
Apigee Corp. (NASDAQ:APIC) shot up 4.1% during mid-day trading on Monday . The company traded as high as $15.89 and last traded at $15.79, with a volume of 133,262 shares changing hands. The stock had previously closed at $15.17.
Several equities research analysts have recently weighed in on APIC shares. Zacks Investment Research cut Apigee Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, June 1st. Pacific Crest reiterated a “buy” rating on shares of Apigee Corp. in a research report on Sunday, May 22nd. Finally, Roth Capital upped their price target on Apigee Corp. from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, May 26th.
The company’s market cap is $472.85 million. The firm’s 50 day moving average is $13.43 and its 200 day moving average is $10.58.
In related 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 sale, the vice president now directly owns 103,350 shares of the company’s stock, valued at $1,187,491.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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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