Equities analysts predict that Apptio Inc. (NASDAQ:APTI) will report ($0.22) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Apptio’s earnings. The business is scheduled to announce its next earnings report after the market closes on Wednesday, August 2nd.
According to Zacks, analysts expect that Apptio will report full-year earnings of ($0.89) per share for the current financial year, with EPS estimates ranging from ($0.91) to ($0.86). For the next year, analysts expect that the firm will report earnings of ($0.56) per share, with EPS estimates ranging from ($0.63) to ($0.49). Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow Apptio.
Apptio (NASDAQ:APTI) last posted its earnings results on Thursday, May 4th. The technology company reported ($0.08) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.04. The business had revenue of $43.90 million for the quarter, compared to analyst estimates of $42.46 million. During the same quarter in the previous year, the firm posted ($0.31) EPS. The business’s revenue was up 19.3% compared to the same quarter last year.
A number of analysts have weighed in on APTI shares. Zacks Investment Research raised shares of Apptio from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. J P Morgan Chase & Co raised shares of Apptio from a “neutral” rating to an “overweight” rating and increased their price target for the company from $16.00 to $18.00 in a report on Wednesday, April 26th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Apptio has a consensus rating of “Buy” and a consensus target price of $23.00.
Shares of Apptio (NASDAQ:APTI) traded up 0.46% during trading on Friday, reaching $17.35. 175,398 shares of the company’s stock were exchanged. Apptio has a 52-week low of $10.77 and a 52-week high of $24.60. The company has a 50 day moving average of $16.44 and a 200 day moving average of $14.95. The firm’s market capitalization is $670.63 million.
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In other news, major shareholder Greylock Xii Gp Llc sold 3,009,883 shares of the stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $13.00, for a total value of $39,128,479.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Lawrence Blasko sold 5,000 shares of the stock in a transaction on Monday, May 8th. The shares were sold at an average price of $13.51, for a total transaction of $67,550.00. Following the completion of the transaction, the executive now owns 5,000 shares of the company’s stock, valued at approximately $67,550. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,184,883 shares of company stock valued at $41,924,529. Corporate insiders own 43.20% of the company’s stock.
Several institutional investors have recently made changes to their positions in APTI. 1st Global Advisors Inc. acquired a new position in shares of Apptio during the first quarter worth about $127,000. Wells Fargo & Company MN boosted its position in shares of Apptio by 322.6% in the first quarter. Wells Fargo & Company MN now owns 11,004 shares of the technology company’s stock worth $129,000 after buying an additional 8,400 shares in the last quarter. Allen Holding Inc. NY acquired a new position in shares of Apptio during the first quarter worth about $148,000. Pier 88 Investment Partners LLC acquired a new position in shares of Apptio during the first quarter worth about $170,000. Finally, HighTower Advisors LLC boosted its position in shares of Apptio by 1.7% in the first quarter. HighTower Advisors LLC now owns 15,252 shares of the technology company’s stock worth $179,000 after buying an additional 252 shares in the last quarter. Institutional investors own 24.19% of the company’s stock.
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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