Apptio Inc. (APTI) Short Interest Up 40.1% in November

Apptio Inc. (NASDAQ:APTI) was the target of a large increase in short interest in November. As of November 30th, there was short interest totalling 1,219,502 shares, an increase of 40.1% from the November 15th total of 870,414 shares. Approximately 5.4% of the company’s stock are short sold. Based on an average daily volume of 400,655 shares, the short-interest ratio is currently 3.0 days.

Several research analysts have weighed in on APTI shares. Oppenheimer reissued a “buy” rating and set a $25.00 price objective on shares of Apptio in a report on Tuesday, October 24th. JMP Securities started coverage on shares of Apptio in a report on Monday, November 27th. They set an “outperform” rating and a $28.00 price objective for the company. Royal Bank of Canada reissued an “outperform” rating and set a $24.00 price objective (up from $23.00) on shares of Apptio in a report on Tuesday, October 31st. Bank of America raised their price objective on shares of Apptio from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st. Finally, KeyCorp reissued a “buy” rating and set a $22.00 price objective on shares of Apptio in a report on Friday, October 6th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $24.78.

Apptio (NASDAQ APTI) opened at $22.83 on Wednesday. Apptio has a fifty-two week low of $10.77 and a fifty-two week high of $24.50.

Apptio (NASDAQ:APTI) last posted its quarterly earnings results on Monday, October 30th. The technology company reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.08. Apptio had a negative net margin of 14.77% and a negative return on equity of 36.83%. The business had revenue of $47.00 million during the quarter, compared to analyst estimates of $44.86 million. During the same period in the previous year, the business posted ($0.45) EPS. The company’s quarterly revenue was up 15.8% on a year-over-year basis. equities research analysts forecast that Apptio will post -0.69 earnings per share for the current fiscal year.

In other Apptio news, insider Sachin Gupta sold 80,000 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $21.59, for a total transaction of $1,727,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher Pick sold 171,000 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $21.83, for a total transaction of $3,732,930.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 727,185 shares of company stock valued at $16,070,951. Company insiders own 43.20% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in shares of Apptio by 2.9% in the 1st quarter. Geode Capital Management LLC now owns 81,459 shares of the technology company’s stock valued at $955,000 after buying an additional 2,277 shares during the period. Worth Venture Partners LLC boosted its holdings in shares of Apptio by 8.9% in the 3rd quarter. Worth Venture Partners LLC now owns 40,849 shares of the technology company’s stock valued at $754,000 after buying an additional 3,350 shares during the period. HighTower Advisors LLC boosted its holdings in shares of Apptio by 22.9% in the 2nd quarter. HighTower Advisors LLC now owns 18,752 shares of the technology company’s stock valued at $324,000 after buying an additional 3,500 shares during the period. Monarch Partners Asset Management LLC boosted its holdings in shares of Apptio by 15.1% in the 3rd quarter. Monarch Partners Asset Management LLC now owns 27,100 shares of the technology company’s stock valued at $501,000 after buying an additional 3,550 shares during the period. Finally, California State Teachers Retirement System boosted its holdings in shares of Apptio by 12.3% in the 3rd quarter. California State Teachers Retirement System now owns 35,252 shares of the technology company’s stock valued at $651,000 after buying an additional 3,852 shares during the period. 45.56% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: This report was originally reported by Community Financial News and is owned by of Community Financial News. If you are accessing this report on another site, it was stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this report can be accessed at https://www.com-unik.info/2017/12/20/apptio-inc-apti-short-interest-up-40-1-in-november.html.

About Apptio

Apptio, Inc is a provider of technology business management (TBM) solutions. The Company’s cloud-based platform and software as a service (SaaS) applications enable information technology (IT) leaders to analyze, optimize and plan technology investments, and benchmark the financial and operational performance against peers.

What are top analysts saying about Apptio? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Apptio and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit