Applied Blockchain, Inc. (OTCMKTS:APLD) CMO Regina Ingel Sells 14,500 Shares


Applied Blockchain, Inc. (OTCMKTS: APLDget grade) CMO Regina Ingel sold 14,500 shares of common stock in a transaction that occurred on Thursday, November 10. The shares sold at an average price of $2.14, for a total transaction of $31,030.00. Following the completion of the sale, the marketing director now owns 9,892 shares of the company, valued at $21,168.88. The transaction was disclosed in a filing with the Securities and Exchange Commission, which is available via this hyperlink.

Applied blockchain trading increased 0.4%

Actions of APLD it rose $0.01 on Monday, reaching $2.35. 1,114,116 shares of the exchange traded hands, compared to its average volume of 1,725,372. Applied Blockchain, Inc. has a 1-year minimum of $0.85 and a 1-year maximum of $28.32. The stock’s 50-day moving average is $2.01 and its two-hundred-day moving average is $2.18. The firm 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: APLDget grade) last published its quarterly earnings results on Tuesday, October 11. The company reported earnings per share ($0.04) for the quarter, beating analyst consensus estimates of ($0.06) by $0.02. The business had revenue of $6.92 million in the quarter, compared with analyst expectations of $6.69 million. On average, research analysts predict that Applied Blockchain, Inc. will post earnings per share of -0.09 for the current year.

Analysts set new price targets

Separately, Lake Street Capital lowered its price target on Applied Blockchain from $10.00 to $6.00 in a research note Wednesday, Oct. 12. Six equity research analysts have rated the stock a Buy rating. According to MarketBeat, the company has an average “Buy” rating and a $7.50 consensus price target.

Hedge funds weigh in on applied blockchain

Several large investors have recently increased or reduced their holdings in APLD. Penserra Capital Management LLC purchased a new stake in Applied Blockchain in the third quarter valued at around $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 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 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. Currently, 42.14% of the shares are owned by hedge funds and other institutional investors.

About applied blockchain

(get grade)

Applied Blockchain, Inc designs, develops and operates data centers in North America. Its data centers 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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