Apptio (APTI) Reaches New 12-Month High and Low at $36.03

Apptio Inc (NASDAQ:APTI)’s share price reached a new 52-week high and low during trading on Thursday . The company traded as low as $36.03 and last traded at $35.58, with a volume of 9585 shares trading hands. The stock had previously closed at $35.19.

A number of equities analysts have commented on APTI shares. Bank of America boosted their price target on shares of Apptio from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Tuesday, May 1st. JMP Securities boosted their target price on shares of Apptio from $31.00 to $32.00 and gave the stock a “market outperform” rating in a research note on Tuesday, May 1st. Zacks Investment Research downgraded shares of Apptio from a “hold” rating to a “sell” rating in a research note on Thursday, May 3rd. BidaskClub raised shares of Apptio from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 31st. Finally, KeyCorp boosted their target price on shares of Apptio from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Monday, March 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $31.30.

The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.18 and a current ratio of 2.18. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of -55.73 and a beta of 0.13.

Apptio (NASDAQ:APTI) last posted its quarterly earnings results on Monday, April 30th. The technology company reported ($0.13) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.07). The business had revenue of $54.10 million for the quarter, compared to the consensus estimate of $51.64 million. Apptio had a negative return on equity of 25.40% and a negative net margin of 13.68%. The company’s quarterly revenue was up 23.2% on a year-over-year basis. During the same period last year, the firm earned ($0.08) earnings per share. equities analysts anticipate that Apptio Inc will post -0.53 EPS for the current fiscal year.

In other news, CRO Lawrence Blasko sold 36,900 shares of the company’s stock in a transaction that occurred on Wednesday, May 9th. The shares were sold at an average price of $32.03, for a total value of $1,181,907.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sachin Gupta sold 23,200 shares of the company’s stock in a transaction that occurred on Friday, May 11th. The shares were sold at an average price of $31.20, for a total transaction of $723,840.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 298,065 shares of company stock valued at $9,509,986. 24.16% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Alkeon Capital Management LLC boosted its holdings in shares of Apptio by 106.6% in the first quarter. Alkeon Capital Management LLC now owns 825,531 shares of the technology company’s stock valued at $23,395,000 after buying an additional 426,040 shares during the period. Millennium Management LLC boosted its holdings in shares of Apptio by 26.1% in the first quarter. Millennium Management LLC now owns 900,155 shares of the technology company’s stock valued at $25,510,000 after buying an additional 186,464 shares during the period. Vista Equity Partners Management LLC boosted its holdings in shares of Apptio by 36.8% in the first quarter. Vista Equity Partners Management LLC now owns 960,659 shares of the technology company’s stock valued at $27,225,000 after buying an additional 258,415 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Apptio in the first quarter valued at approximately $178,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Apptio in the first quarter valued at approximately $170,000. Institutional investors own 63.14% of the company’s stock.

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.

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