Apptio Inc (NASDAQ:APTI) Director Peter S. Klein sold 8,000 shares of Apptio stock in a transaction on Monday, September 10th. The shares were sold at an average price of $38.76, for a total value of $310,080.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Peter S. Klein also recently made the following trade(s):

  • On Monday, August 13th, Peter S. Klein sold 8,000 shares of Apptio stock. The shares were sold at an average price of $35.07, for a total value of $280,560.00.

Shares of APTI stock traded up $0.32 on Thursday, reaching $39.95. 12,720 shares of the stock were exchanged, compared to its average volume of 438,774. The company has a market cap of $1.80 billion, a P/E ratio of -63.08 and a beta of 0.06. Apptio Inc has a one year low of $16.98 and a one year high of $40.47. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.72.

Apptio (NASDAQ:APTI) last released its earnings results on Wednesday, August 1st. The technology company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.14. The company had revenue of $59.05 million during the quarter, compared to the consensus estimate of $55.60 million. Apptio had a negative return on equity of 19.28% and a negative net margin of 11.98%. The firm’s quarterly revenue was up 30.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.08) earnings per share. equities research analysts anticipate that Apptio Inc will post -0.4 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in shares of Apptio by 72.3% during the second quarter. BlackRock Inc. now owns 2,188,265 shares of the technology company’s stock worth $79,215,000 after purchasing an additional 918,403 shares during the period. Fred Alger Management Inc. grew its stake in shares of Apptio by 85.2% during the second quarter. Fred Alger Management Inc. now owns 1,301,204 shares of the technology company’s stock worth $47,104,000 after purchasing an additional 598,662 shares during the period. Macquarie Group Ltd. grew its stake in shares of Apptio by 136.6% during the second quarter. Macquarie Group Ltd. now owns 1,040,239 shares of the technology company’s stock worth $37,657,000 after purchasing an additional 600,662 shares during the period. Vista Equity Partners Management LLC grew its stake in shares of Apptio by 36.8% during the first quarter. Vista Equity Partners Management LLC now owns 960,659 shares of the technology company’s stock worth $27,225,000 after purchasing an additional 258,415 shares during the period. Finally, Millennium Management LLC grew its stake in shares of Apptio by 26.1% during the first quarter. Millennium Management LLC now owns 900,155 shares of the technology company’s stock worth $25,510,000 after purchasing an additional 186,464 shares during the period. 72.49% of the stock is owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on APTI. BidaskClub upgraded Apptio from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Barclays boosted their target price on Apptio from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Friday, September 7th. Zacks Investment Research upgraded Apptio from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Tuesday, August 7th. Bank of America boosted their target price on Apptio from $36.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Finally, Royal Bank of Canada restated a “buy” rating and set a $41.00 target price on shares of Apptio in a research report on Tuesday, July 31st. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $35.40.

About Apptio

Apptio, Inc provides cloud-based technology business management (TBM) solutions to enterprises. Its cloud-based platform and SaaS applications enable IT leaders to analyze, optimize, and plan technology investments, as well as to benchmark financial and operational performance against peers. The company's TBM solutions consist of adaptive data management, which aggregates, cleanses, and correlates large amounts of customer data from various sources; and standard IT operating model and taxonomy that offers a standard model for how IT costs are captured, categorized, and allocated to IT and business services.

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