Wes Cummins Buys 11,030 Shares of Applied Blockchain, Inc. (OTCMKTS:APLD) Stock

Applied Blockchain, Inc. (OTCMKTS:APLDGet Rating) CEO Wes Cummins acquired 11,030 shares of the business’s stock in a transaction dated Thursday, May 19th. The stock was acquired at an average price of $2.95 per share, for a total transaction of $32,538.50. Following the completion of the transaction, the chief executive officer now owns 391,472 shares in the company, valued at approximately $1,154,842.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Tuesday, May 17th, Wes Cummins acquired 263,542 shares of Applied Blockchain stock. The stock was acquired at an average price of $2.31 per share, for a total transaction of $608,782.02.

Shares of OTCMKTS APLD traded up $0.55 during mid-day trading on Thursday, hitting $3.09. 245,146 shares of the stock traded hands, compared to its average volume of 96,554. Applied Blockchain, Inc. has a 52 week low of $1.73 and a 52 week high of $34.20. The stock has a fifty day moving average price of $8.79 and a 200-day moving average price of $15.51.

APLD has been the topic of a number of recent analyst reports. Needham & Company LLC initiated coverage on Applied Blockchain in a research report on Monday, May 9th. They issued a “buy” rating and a $5.50 price objective on the stock. Lake Street Capital initiated coverage on Applied Blockchain in a research report on Monday, May 9th. They issued a “buy” rating and a $10.00 price objective on the stock. B. Riley initiated coverage on Applied Blockchain in a research report on Monday, May 9th. They issued a “buy” rating and a $10.00 price objective on the stock. Finally, Northland Securities initiated coverage on Applied Blockchain in a research report on Monday, May 9th. They set an “outperform” rating and a $7.50 price target on the stock.

About Applied Blockchain (Get Rating)

Applied Blockchain, Inc engages in crypto mining and co-hosting operations. The company was formerly known as Applied Science Products, Inc and changed its name to Applied Blockchain, Inc in April 2021. The company is based in Dallas, Texas.

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