February 2, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Apigee Corp (NASDAQ:APIC) shares over potential securities laws violations by Apigee and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Apigee Corp (NASDAQ:APIC) concerning whether a series of statements by Apigee regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On April 24, 2015, Apigees stock traded as high as $20.50, the same day Apigee Corp sold 5.1 million shares of stock in its initial public stock offering (the IPO), raising $87 million in new capital.

On September 9, 2015, Apigee Corp announced its fourth quarter results. Apigee Corp reported that its Total Revenue rose from $52.70 million for the 12 months period that ended on July 31, 2014 to $68.61 million for the 12 months period that ended on July 31, 2015 and that its Net Loss for those respective time periods declined from $60.79 million to $50.35 million.