Shares of Apptio Inc. (NASDAQ:APTI) have been assigned an average recommendation of “Buy” from the eleven analysts that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $28.56.
Several research firms have weighed in on APTI. Oppenheimer reiterated a “buy” rating and set a $27.00 target price (up from $25.00) on shares of Apptio in a report on Tuesday, October 31st. KeyCorp reiterated a “buy” rating and set a $27.00 target price on shares of Apptio in a report on Wednesday, January 10th. BidaskClub lowered Apptio from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 18th. Jefferies Group reiterated a “buy” rating and set a $33.00 target price on shares of Apptio in a report on Tuesday, February 6th. Finally, Barclays lifted their target price on Apptio from $22.00 to $28.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th.
Apptio (NASDAQ:APTI) traded up $0.11 during trading hours on Tuesday, hitting $26.30. The stock had a trading volume of 523,382 shares, compared to its average volume of 592,288. Apptio has a 1-year low of $10.77 and a 1-year high of $26.99. The company has a market cap of $1,060.00 and a price-to-earnings ratio of -40.46.
In other Apptio news, CRO Lawrence Blasko sold 30,000 shares of Apptio stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $25.07, for a total transaction of $752,100.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Kurt Shintaffer sold 20,000 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $26.22, for a total value of $524,400.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 655,873 shares of company stock worth $15,632,808. Corporate insiders own 43.20% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Thompson Davis & CO. Inc. lifted its holdings in shares of Apptio by 3,900.0% in the fourth quarter. Thompson Davis & CO. Inc. now owns 5,000 shares of the technology company’s stock valued at $118,000 after purchasing an additional 4,875 shares in the last quarter. Nationwide Fund Advisors lifted its holdings in shares of Apptio by 244.9% in the second quarter. Nationwide Fund Advisors now owns 10,199 shares of the technology company’s stock valued at $177,000 after purchasing an additional 7,242 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Apptio in the second quarter valued at about $207,000. Trexquant Investment LP bought a new stake in shares of Apptio in the third quarter valued at about $230,000. Finally, Crestline Management LP bought a new stake in shares of Apptio in the fourth quarter valued at about $309,000. Institutional investors own 47.80% of the company’s stock.
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Apptio Company Profile
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.
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