Apptio Inc (NASDAQ:APTI) insider John C. Morrow sold 774 shares of the company’s stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $37.77, for a total transaction of $29,233.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

John C. Morrow also recently made the following trade(s):

  • On Thursday, August 30th, John C. Morrow sold 1,201 shares of Apptio stock. The shares were sold at an average price of $38.20, for a total transaction of $45,878.20.
  • On Tuesday, September 4th, John C. Morrow sold 7,594 shares of Apptio stock. The shares were sold at an average price of $38.42, for a total transaction of $291,761.48.

Shares of APTI opened at $37.70 on Tuesday. Apptio Inc has a 12 month low of $21.15 and a 12 month high of $41.36. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.70.

Apptio (NASDAQ:APTI) last announced its earnings results on Monday, October 29th. The technology company reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.02. Apptio had a negative net margin of 11.06% and a negative return on equity of 15.14%. The business had revenue of $59.22 million during the quarter, compared to analysts’ expectations of $58.09 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. The firm’s revenue was up 26.0% on a year-over-year basis. On average, equities research analysts expect that Apptio Inc will post -0.4 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can raised its position in Apptio by 2.7% during the second quarter. Bank of Montreal Can now owns 57,740 shares of the technology company’s stock worth $2,090,000 after acquiring an additional 1,495 shares in the last quarter. Teachers Advisors LLC raised its position in Apptio by 2.4% during the third quarter. Teachers Advisors LLC now owns 66,023 shares of the technology company’s stock worth $2,440,000 after acquiring an additional 1,578 shares in the last quarter. First Mercantile Trust Co. raised its position in Apptio by 134.6% during the second quarter. First Mercantile Trust Co. now owns 2,940 shares of the technology company’s stock worth $106,000 after acquiring an additional 1,687 shares in the last quarter. Institute for Wealth Management LLC. raised its position in Apptio by 23.7% during the third quarter. Institute for Wealth Management LLC. now owns 13,600 shares of the technology company’s stock worth $503,000 after acquiring an additional 2,609 shares in the last quarter. Finally, Raymond James & Associates raised its position in Apptio by 11.4% during the second quarter. Raymond James & Associates now owns 25,486 shares of the technology company’s stock worth $923,000 after acquiring an additional 2,611 shares in the last quarter. Institutional investors and hedge funds own 73.72% of the company’s stock.

Several research analysts have recently weighed in on APTI shares. BidaskClub upgraded shares of Apptio from a “hold” rating to a “buy” rating in a report on Saturday, August 25th. Jefferies Financial Group increased their target price on shares of Apptio to $47.00 and gave the stock a “buy” rating in a report on Thursday, September 13th. Barclays reduced their target price on shares of Apptio from $37.00 to $30.00 and set an “equal weight” rating for the company in a report on Tuesday, October 30th. Zacks Investment Research upgraded shares of Apptio from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a report on Tuesday, August 7th. Finally, Nomura reduced their target price on shares of Apptio from $41.00 to $39.00 and set a “buy” rating for the company in a report on Tuesday, October 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $33.80.

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Apptio Company Profile

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.

Read More: Price to Earnings Ratio (PE)

Insider Buying and Selling by Quarter for Apptio (NASDAQ:APTI)

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