Apptio Inc. (APTI) CFO Kurt Shintaffer Sells 50,000 Shares of Stock

Apptio Inc. (NASDAQ:APTI) CFO Kurt Shintaffer sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $26.10, for a total value of $1,305,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Kurt Shintaffer also recently made the following trade(s):

  • On Friday, February 16th, Kurt Shintaffer sold 20,000 shares of Apptio stock. The stock was sold at an average price of $26.22, for a total value of $524,400.00.
  • On Monday, February 12th, Kurt Shintaffer sold 20,000 shares of Apptio stock. The stock was sold at an average price of $25.05, for a total value of $501,000.00.
  • On Wednesday, February 14th, Kurt Shintaffer sold 60,000 shares of Apptio stock. The stock was sold at an average price of $25.06, for a total value of $1,503,600.00.

Shares of Apptio Inc. (NASDAQ:APTI) opened at $26.30 on Wednesday. Apptio Inc. has a 1-year low of $10.77 and a 1-year high of $26.99. The company has a market capitalization of $1,060.00 and a P/E ratio of -40.46.

Apptio (NASDAQ:APTI) last issued its quarterly earnings data on Monday, February 5th. The technology company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.02. Apptio had a negative return on equity of 35.28% and a negative net margin of 13.59%. The company had revenue of $52.40 million for the quarter, compared to analyst estimates of $49.93 million. During the same period last year, the company earned ($0.11) earnings per share. Apptio’s quarterly revenue was up 18.3% compared to the same quarter last year. research analysts anticipate that Apptio Inc. will post -0.44 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of APTI. Schwab Charles Investment Management Inc. grew its holdings in Apptio by 163.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 30,000 shares of the technology company’s stock valued at $521,000 after purchasing an additional 18,600 shares during the period. Bank of New York Mellon Corp grew its holdings in Apptio by 73.4% in the second quarter. Bank of New York Mellon Corp now owns 47,342 shares of the technology company’s stock valued at $821,000 after purchasing an additional 20,040 shares during the period. Alliancebernstein L.P. acquired a new stake in Apptio in the second quarter valued at approximately $314,000. Teachers Advisors LLC acquired a new stake in Apptio in the second quarter valued at approximately $563,000. Finally, TIAA CREF Investment Management LLC acquired a new stake in Apptio in the second quarter valued at approximately $1,180,000. 47.80% of the stock is currently owned by institutional investors.

Several research firms recently commented on APTI. BidaskClub lowered Apptio from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 14th. Zacks Investment Research lowered Apptio from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Jefferies Group reaffirmed a “buy” rating and set a $33.00 target price on shares of Apptio in a report on Tuesday, February 6th. Bank of America raised their target price on Apptio from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, February 6th. Finally, Barclays raised 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. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Apptio currently has an average rating of “Buy” and a consensus target price of $28.50.

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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.

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

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