Applied Digital Co. (OTCMKTS:APLD) CEO Buys $60,000.00 in Stock

Applied Digital Co. (OTCMKTS:APLDGet Rating) CEO Wes Cummins acquired 25,000 shares of the business’s stock in a transaction dated Thursday, January 19th. The shares were bought at an average price of $2.40 per share, for a total transaction of $60,000.00. Following the acquisition, the chief executive officer now owns 1,675,686 shares of the company’s stock, valued at $4,021,646.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Wes Cummins also recently made the following trade(s):

  • On Tuesday, January 17th, Wes Cummins acquired 50,000 shares of Applied Digital stock. The shares were bought at an average price of $2.25 per share, for a total transaction of $112,500.00.
  • On Thursday, January 12th, Wes Cummins acquired 50,000 shares of Applied Digital stock. The shares were bought at an average price of $2.17 per share, for a total transaction of $108,500.00.
  • On Wednesday, November 30th, Wes Cummins acquired 75,000 shares of Applied Digital stock. The shares were bought at an average price of $1.95 per share, for a total transaction of $146,250.00.
  • On Monday, November 28th, Wes Cummins acquired 30,000 shares of Applied Digital stock. The shares were bought at an average price of $1.98 per share, for a total transaction of $59,400.00.
  • On Friday, November 25th, Wes Cummins purchased 50,000 shares of Applied Digital stock. The shares were acquired at an average cost of $2.24 per share, with a total value of $112,000.00.
  • On Wednesday, November 23rd, Wes Cummins acquired 50,000 shares of Applied Digital stock. The stock was acquired at an average price of $2.23 per share, for a total transaction of $111,500.00.
  • On Friday, November 11th, Wes Cummins bought 40,000 shares of Applied Digital stock. The shares were acquired at an average cost of $2.23 per share, with a total value of $89,200.00.
  • On Wednesday, November 9th, Wes Cummins bought 30,000 shares of Applied Digital stock. The shares were acquired at an average cost of $2.14 per share, with a total value of $64,200.00.
  • On Monday, November 7th, Wes Cummins bought 30,000 shares of Applied Digital stock. The shares were acquired at an average cost of $2.52 per share, with a total value of $75,600.00.
  • On Monday, October 31st, Wes Cummins bought 20,000 shares of Applied Digital stock. The shares were acquired at an average cost of $2.24 per share, with a total value of $44,800.00.

Applied Digital Stock Down 0.8 %

APLD opened at $2.40 on Monday. The company has a fifty day moving average of $1.97 and a two-hundred day moving average of $1.97. Applied Digital Co. has a fifty-two week low of $0.85 and a fifty-two week high of $27.12. The stock has a market capitalization of $226.74 million, a price-to-earnings ratio of -4.80 and a beta of 5.06. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.30 and a current ratio of 0.30.

Applied Digital (OTCMKTS:APLDGet Rating) last announced its earnings results on Monday, January 9th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.01. Applied Digital had a negative net margin of 145.35% and a negative return on equity of 24.36%. The business had revenue of $12.34 million for the quarter, compared to analyst estimates of $12.36 million. On average, research analysts expect that Applied Digital Co. will post -0.38 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. HC Wainwright assumed coverage on shares of Applied Digital in a report on Thursday, December 22nd. They set a “buy” rating and a $4.00 target price for the company. B. Riley reduced their target price on shares of Applied Digital from $8.00 to $7.00 in a report on Tuesday, January 10th. Lake Street Capital cut their price objective on shares of Applied Digital from $10.00 to $6.00 in a report on Wednesday, October 12th. Finally, Needham & Company LLC cut their price objective on shares of Applied Digital from $5.50 to $3.70 and set a “buy” rating for the company in a report on Friday, January 13th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $6.31.

Institutional Trading of Applied Digital

Several institutional investors have recently modified their holdings of the stock. Exchange Traded Concepts LLC acquired a new stake in shares of Applied Digital in the fourth quarter valued at about $1,719,000. Jane Street Group LLC acquired a new position in Applied Digital during the third quarter worth about $42,000. Alliancebernstein L.P. acquired a new position in Applied Digital during the third quarter worth about $260,000. State Street Corp boosted its position in Applied Digital by 54.4% during the third quarter. State Street Corp now owns 340,783 shares of the company’s stock worth $579,000 after acquiring an additional 120,110 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Applied Digital by 25.6% during the third quarter. Vanguard Group Inc. now owns 36,112 shares of the company’s stock worth $61,000 after acquiring an additional 7,353 shares during the last quarter. Institutional investors and hedge funds own 48.42% of the company’s stock.

Applied Digital Company Profile

(Get Rating)

Applied Digital Corp. operates as a technology company, which engages in the development and operation of data centers which provide computing power. The company was founded in May 2001 and is headquartered in Dallas, TX.

Further Reading

Insider Buying and Selling by Quarter for Applied Digital (OTCMKTS:APLD)

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