The latest data from GuruFocus shows that CEO; Chairman, 10% Owner N/A bought 50000 shares of Applied Blockchain Inc (APLD) on 2022-11-10.
When insiders buy shares of their company’s stock, it can often be a positive sign. It could signal that insiders are turning bullish on the future of their company. Insiders know far more about their company than the general public does, so it is worth paying attention to their trades. With this in mind, let’s take a look at this insider buy to see if Applied Blockchain Inc deserves the attention of investors.
Wes Cummins’s trades
Over the past year, Wes Cummins has purchased 0 shares in total.
This means that Wes Cummins has been buying their company’s stock over the long term. This could be a positive sign for the stock’s future.
Insider trends
Some investors may wonder whether one insider’s buys are that important. Are other insiders buying the stock as well, or are other insiders selling?
The insider transaction history for Applied Blockchain Inc shows than there have been 17 insiders buys in total over the past year. Meanwhile, there have been 0 insider sells over the same timeframe.
We like to see more insider buys compared to insider sells. This indicates a bullish trend among the company’s top executives and owners. The more insiders are buying, the more likely it is that the stock is undervalued.
Valuation
Shares of Applied Blockchain Inc were trading for $2.225 apice on the day of Wes Cummins’s recent buy. This gives the stock a market cap of $207.797 Millions.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
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