Applied Blockchain, Inc. (OTCMKTS:APLD – Get Rating) CMO Regina Ingel sold 14,500 shares of the stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $2.14, for a total transaction of $31,030.00. Following the completion of the sale, the chief marketing officer now owns 9,892 shares in the company, valued at $21,168.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Applied Blockchain Trading Up 0.4 %
Shares of APLD traded up $0.01 on Monday, hitting $2.35. 1,114,116 shares of the stock traded hands, compared to its average volume of 1,725,372. Applied Blockchain, Inc. has a 1 year low of $0.85 and a 1 year high of $28.32. The stock’s 50 day moving average is $2.01 and its two-hundred day moving average is $2.18. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 0.87.
Applied Blockchain (OTCMKTS:APLD – Get Rating) last issued its quarterly earnings results on Tuesday, October 11th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. The business had revenue of $6.92 million for the quarter, compared to analysts’ expectations of $6.69 million. On average, research analysts predict that Applied Blockchain, Inc. will post -0.09 earnings per share for the current year.
Analysts Set New Price Targets
Separately, Lake Street Capital reduced their target price on Applied Blockchain from $10.00 to $6.00 in a research note on Wednesday, October 12th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $7.50.
Hedge Funds Weigh In On Applied Blockchain
Several large investors have recently added to or reduced their stakes in APLD. Penserra Capital Management LLC purchased a new stake in Applied Blockchain in the 3rd quarter valued at about $76,000. UBS Group AG purchased a new stake in Applied Blockchain in the third quarter valued at approximately $36,000. Virtu Financial LLC increased its position in Applied Blockchain by 89.4% during the third quarter. Virtu Financial LLC now owns 20,516 shares of the company’s stock worth $35,000 after purchasing an additional 9,682 shares during the last quarter. Van ECK Associates Corp increased its position in Applied Blockchain by 3,298.8% during the third quarter. Van ECK Associates Corp now owns 698,253 shares of the company’s stock worth $1,187,000 after purchasing an additional 677,709 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new position in Applied Blockchain during the second quarter worth approximately $621,000. 42.14% of the stock is currently owned by hedge funds and other institutional investors.
About Applied Blockchain
Applied Blockchain, Inc designs, develops, and operates datacenters in North America. Its datacenters provide digital infrastructure solutions to the performance computing industry. The company was formerly known as Applied Science Products, Inc and changed its name to Applied Blockchain, Inc in April 2021.
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