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Director of Marketing Applied Blockchain, Inc. (OTCMKTS:APLD) Regina Ingel sells 14,500 shares

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Applied Blockchain Inc. (OTCMKTS:APLD – Get Rated) CMO Regina Ingel sold 14,500 shares in a transaction that took place on Thursday 10 November. The shares were sold at an average price of $2.14 for a total of $31,030. With the sale completed, the CMO now owns 9,892 shares of the company worth $21,168.88. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which is available at this hyperlink.

Applied blockchain trading up 0.4%

APLD shares rose $0.01 on Monday to hit $2.35. 1,114,116 shares were traded, compared to an average of 1,725,372 shares. Applied Blockchain Inc. has a 1-year low of $0.85 and a 1-year high of $28.32. The stock has a 50-day moving average of $2.01 and a 200-day moving average of $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 Company (OTCMKTS:APLD – Get Rating) released its quarterly results for the last time on Tuesday, October 11th. The company reported earnings per share ($0.04) for the quarter, beating the consensus estimate of $0.06 by $0.02. The business’ revenue for the quarter was $6.92 million, while analysts had expected $6.69 million. On average, analysts predict that Applied Blockchain, Inc. per share this year will be -0.09.

Analysts set new price targets

Separately, Lake Street Capital lowered its Applied Blockchain price target from $10 to $6 in a research note on Wednesday, Oct. 12. Six stock market analysts have given the stock a buy rating. According to MarketBeat, the company has an average Buy rating and an agreed price target of $7.50.

Hedge Funds Weigh Applied Blockchain

Recently, several major investors have increased or decreased their stakes in APLD. Penserra Capital Management LLC acquired a new stake in Applied Blockchain in Q3 for approximately $76,000. UBS Group AG acquired a new stake in Applied Blockchain in the third quarter worth 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% in 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 most recent quarter. Finally, in the second quarter, Verition Fund Management LLC acquired a new position on Applied Blockchain for approximately $621,000. 42.14% of the shares are currently owned by hedge funds and other institutional investors.

About Applied Blockchain

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Applied Blockchain, Inc designs, develops and operates data centers in North America. Its data centers provide digital infrastructure solutions for the HPC industry. The company was previously called Applied Science Products, Inc, and changed its name to Applied Blockchain, Inc in April 2021.

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