Shares of Apptio Inc (NASDAQ:APTI) have been assigned an average recommendation of “Buy” from the twelve ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $35.10.
APTI has been the subject of a number of analyst reports. BidaskClub upgraded Apptio from a “hold” rating to a “buy” rating in a research note on Saturday, August 25th. Zacks Investment Research upgraded Apptio from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research note on Tuesday, August 7th. Bank of America upped their price objective on Apptio from $36.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Royal Bank of Canada restated a “buy” rating and set a $41.00 price objective on shares of Apptio in a research note on Tuesday, July 31st. Finally, Jefferies Financial Group increased their price target on Apptio to $47.00 and gave the company a “buy” rating in a research note on Thursday, September 13th.
Shares of NASDAQ APTI opened at $24.78 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.29 and a quick ratio of 2.29. The firm has a market cap of $1.23 billion, a P/E ratio of -38.72 and a beta of 0.14. Apptio has a 1-year low of $20.46 and a 1-year high of $41.36.
Apptio (NASDAQ:APTI) last issued its quarterly earnings data on Monday, October 29th. The technology company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. The firm had revenue of $59.22 million during the quarter, compared to analysts’ expectations of $58.09 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 26.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.01 EPS. As a group, equities analysts forecast that Apptio will post -0.4 EPS for the current fiscal year.
In other Apptio news, CRO Lawrence Blasko sold 30,000 shares of the stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $40.02, for a total value of $1,200,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sachin Gupta sold 25,000 shares of the stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $36.03, for a total value of $900,750.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 345,619 shares of company stock valued at $12,848,840. 24.16% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. increased its holdings in shares of Apptio by 99.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 79,138 shares of the technology company’s stock valued at $2,243,000 after purchasing an additional 39,538 shares during the period. Northern Trust Corp grew its holdings in Apptio by 7.7% during the first quarter. Northern Trust Corp now owns 241,841 shares of the technology company’s stock worth $6,854,000 after acquiring an additional 17,220 shares during the period. BlackRock Inc. grew its holdings in Apptio by 5.4% during the first quarter. BlackRock Inc. now owns 1,269,862 shares of the technology company’s stock worth $35,987,000 after acquiring an additional 65,199 shares during the period. California Public Employees Retirement System purchased a new position in Apptio during the first quarter worth approximately $269,000. Finally, UBS Group AG boosted its position in Apptio by 1,131.0% during the first quarter. UBS Group AG now owns 14,575 shares of the technology company’s stock worth $413,000 after purchasing an additional 13,391 shares in the last quarter. Institutional investors own 72.51% 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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