Apptio (APTI) Price Target Cut to $30.00 by Analysts at Barclays

Apptio (NASDAQ:APTI) had its price objective dropped by analysts at Barclays from $37.00 to $30.00 in a research note issued on Tuesday. The firm presently has an “equal weight” rating on the technology company’s stock. Barclays’ price objective would suggest a potential upside of 27.66% from the stock’s current price.

Several other equities analysts also recently commented on the stock. BidaskClub downgraded shares of Apptio from a “sell” rating to a “strong sell” rating in a research report on Friday, October 12th. Jefferies Financial Group increased their target price on shares of Apptio to $47.00 and gave the stock a “buy” rating in a research report on Thursday, September 13th. Zacks Investment Research upgraded shares of Apptio from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a report on Tuesday, August 7th. Bank of America upped their price target on shares of Apptio from $36.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. Finally, Royal Bank of Canada restated a “buy” rating and set a $41.00 price target on shares of Apptio in a report on Tuesday, July 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the stock. Apptio currently has an average rating of “Buy” and an average price target of $36.40.

Shares of NASDAQ APTI traded down $4.04 during mid-day trading on Tuesday, reaching $23.50. The company had a trading volume of 35,483 shares, compared to its average volume of 505,175. Apptio has a twelve month low of $18.41 and a twelve month high of $41.36. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $1.23 billion, a PE ratio of -36.75 and a beta of 0.14.



Apptio (NASDAQ:APTI) last posted its earnings results on Monday, October 29th. The technology company reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.02. The firm had revenue of $59.22 million for the quarter, compared to the consensus estimate of $58.09 million. Apptio had a negative net margin of 11.98% and a negative return on equity of 19.28%. The business’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 earnings per share. As a group, analysts predict that Apptio will post -0.4 EPS for the current year.

In related news, Director Peter S. Klein sold 8,000 shares of the stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $29.90, for a total value of $239,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction of $900,750.00. The disclosure for this sale can be found here. Insiders have sold 345,619 shares of company stock valued at $12,848,840 over the last 90 days. Corporate insiders own 24.16% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Mercantile Trust Co. lifted its stake in shares of Apptio by 134.6% in the second quarter. First Mercantile Trust Co. now owns 2,940 shares of the technology company’s stock valued at $106,000 after buying an additional 1,687 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of Apptio in the first quarter valued at about $178,000. Tocqueville Asset Management L.P. bought a new stake in shares of Apptio in the second quarter valued at about $253,000. California Public Employees Retirement System bought a new stake in shares of Apptio in the first quarter valued at about $269,000. Finally, Verition Fund Management LLC bought a new stake in shares of Apptio in the second quarter valued at about $287,000. Institutional investors and hedge funds 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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