Simplex Trading Reduces $484K in Digital Turbine, Inc. ($APPS)
Simplex Trading cut its holdings in Digital Turbine, Inc. by 46.2%, now holding 43,611 shares.
Key Points
- Simplex Trading reduced its stake in Digital Turbine, Inc. by 46.2%, selling 37,494 shares and ending with 43,611 shares valued at $482,774.
- Digital Turbine, Inc. trades on NasdaqCM under the ticker APPS, with a market cap of about $1.34 billion and a forward P/E of 10.44.
- Insiders sold shares recently, with the Chief Business Officer selling 19,313 shares on June 8, 2026, at $8.67 per share.
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Simplex Trading has cut its stake in Digital Turbine, Inc. (NasdaqCM: APPS) by 46.2%, according to its latest Form 13F filing with the SEC. The firm sold 37,494 shares, bringing its total holdings to 43,611 shares valued at approximately $482,774 as of the reporting period.
Simplex Trading vs. the S&P 500
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What Changed in Simplex Trading's Digital Turbine Position
Simplex Trading reduced its holdings in Digital Turbine by 46.2%, selling 37,494 shares. This adjustment leaves the firm with 43,611 shares worth about $482,774. The previous holding was 81,105 shares.
Other Institutional Activity in Digital Turbine
BlackRock, Inc. trimmed its holdings in Digital Turbine by 372,444 shares, leaving it with 8,654,256 shares valued at roughly $24.92 million. Granahan Investment Management, LLC increased its position by 762,888 shares, ending with 7,112,351 shares worth about $20.48 million. AIGH Capital Management LLC and Vanguard Capital Management LLC both opened new positions, with 4,895,772 and 4,672,448 shares valued at $14.10 million and $13.46 million, respectively. Vanguard Portfolio Management LLC also initiated a stake with 3,986,325 shares valued at $11.48 million.
Digital Turbine, Inc. Stock Up 16.3%
Shares of Digital Turbine, Inc. traded near $11.07 on Monday. The company, which operates a mobile growth platform, has a market cap of approximately $1.34 billion and a forward P/E ratio of 10.44. It has a beta of 2.855, indicating higher volatility compared to the market. The stock's 52-week range is between $2.74 and $11.22, with a 50-day moving average of $6.29 and a 200-day moving average of $5.24.
$APPS stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Digital Turbine reported revenue of $565.25 million with a growth rate of 19.6%. However, it posted a net margin of -6.68% and a return on equity of -21.80%. The company is not currently profitable, resulting in no meaningful P/E ratio. The next earnings release is expected on August 4, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
Analyst view held steady after the report.
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EPS & revenue
EPS beat estimates by 84.5%. Revenue missed estimates by 0.7%.
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Profit surprise
EBITDA missed sharply. Operating income beat by 34 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
- Analyst signal
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Earnings quality
Gross margin down 39.9 points. Operating margin up 24.1 points. Negative free cash flow.
Earnings Call Summary
Digital Turbine reported $131 million in revenue with 11 percent growth and $25 million in adjusted earnings before interest, taxes, depreciation, and amortization up 73 percent year over year. The On Device Solutions business grew 18 percent, driven by 30 percent plus growth in revenue per device and expanded device volumes, while brand advertiser campaigns increased 50 percent quarter over quarter, showing strong diversification. Management is optimistic about regulatory changes opening app store alternatives and positioning the company to capitalize on shifts in the mobile advertising landscape.
Guidance The company raised its full year outlook to $525 million to $535 million in revenue and $90 million to $95 million in adjusted earnings before interest, taxes, depreciation, and amortization. Management expects continued momentum from stronger device volumes and better pricing power across international markets.
Underwhelming report. Mixed results that may lead to slightly lower expectations.
Insider Buying and Selling at Digital Turbine, Inc.
Several insiders have sold shares recently. Michael Akkerman, the Chief Business Officer, sold 19,313 shares at an average price of $8.67 on June 8, 2026. William Gordon Stone III, the CEO, sold 2,141 shares on May 28, 2026, at $6.68 per share. Other executives, including Joshua Kinsell and Stephen Andrew Lasher, also sold shares in recent transactions.
Analysts Set New Price Targets
Analyst activity includes B of A Securities upgrading the stock to a hold with a $5.50 target on August 6, 2025. Craig-Hallum maintained a buy rating with a $7.00 target on June 17, 2025. The consensus among analysts is a hold with a mean target price of $8.75.
About Digital Turbine, Inc.
Digital Turbine, Inc., headquartered in Austin, Texas, operates a mobile growth platform for advertisers, publishers, and mobile carriers. The company offers solutions in app delivery and content media through its On Device Solutions and App Growth Platform segments. Led by CEO William Gordon Stone III, Digital Turbine employs about 620 people and serves markets worldwide, including the U.S., Europe, and Asia.
Bottom Line
Simplex Trading's substantial reduction in its stake in Digital Turbine, Inc. highlights shifting strategies among institutional investors. While the company's stock has seen volatility, its role in the mobile ecosystem keeps it on investors' radar. As always, remember that 13F filings offer a snapshot of past positions and may not reflect current holdings.
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