Somewhat Positive News Coverage Somewhat Unlikely to Impact Apptio (NASDAQ:APTI) Share Price

Media headlines about Apptio (NASDAQ:APTI) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Apptio earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 45.0647286872611 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:

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APTI stock traded up $0.44 during mid-day trading on Thursday, hitting $28.34. 394,865 shares of the company were exchanged, compared to its average volume of 607,251. The company has a market capitalization of $1,208.99, a PE ratio of -43.60 and a beta of -0.19. Apptio has a 1-year low of $10.77 and a 1-year high of $30.83.

Apptio (NASDAQ:APTI) last issued its quarterly earnings data on Monday, February 5th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.02. The firm had revenue of $52.40 million during the quarter, compared to the consensus estimate of $49.93 million. Apptio had a negative net margin of 13.59% and a negative return on equity of 33.48%. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period last year, the business posted ($0.11) earnings per share. research analysts forecast that Apptio will post -0.44 earnings per share for the current fiscal year.

Several research analysts have issued reports on APTI shares. Zacks Investment Research downgraded Apptio from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. BidaskClub raised Apptio from a “buy” rating to a “strong-buy” rating in a report on Friday, January 5th. KeyCorp reissued a “buy” rating and issued a $27.00 price target on shares of Apptio in a research note on Wednesday, January 10th. Nomura assumed coverage on Apptio in a report on Tuesday, January 23rd. They set a “buy” rating and a $33.00 target price for the company. Finally, Royal Bank of Canada restated a “buy” rating and issued a $29.00 price objective on shares of Apptio in a report on Friday, January 26th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $30.00.

In other news, insider John C. Morrow sold 13,125 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $24.66, for a total transaction of $323,662.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Matthew S. Mcilwain sold 32,500 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $24.92, for a total transaction of $809,900.00. The disclosure for this sale can be found here. Insiders have sold 572,409 shares of company stock worth $15,561,829 over the last ninety days. Insiders own 43.20% of the company’s stock.

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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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