Simplex Trading 13F: Cuts Digital Turbine (APPS) Stake by $415K

Simplex Trading recently reduced its holdings in APPS, cutting its stake by 46.2% as reported in its latest Form 13F filing with the SEC. The fund sold 37,494 shares, leaving it with 43,611 shares valued at about $482,774 as of the reporting period.

What Changed in Simplex Trading's APPS Position

Simplex Trading cut its APPS position significantly, reducing its holdings by 37,494 shares. This change marks a 46.2% decrease, bringing its total to 43,611 shares with a value of approximately $482,774.

Other Institutional Activity in APPS

In other institutional moves, BlackRock reduced its APPS holdings by 372,444 shares, ending with 8,654,256 shares valued at about $24.9 million. Granahan Investment Management, on the other hand, increased its position by 762,888 shares, bringing its total to 7,112,351 shares worth approximately $20.5 million. AIGH Capital Management opened a new position with 4,895,772 shares valued at $14.1 million. Similarly, Vanguard Capital Management and Vanguard Portfolio Management also initiated new stakes, each holding over 3.9 million shares valued at around $11.5 million and $13.5 million, respectively. Bank of America Corp added 535,169 shares, increasing its stake by 17.4% to 3,619,171 shares valued at $10.4 million.

Digital Turbine, Inc. Stock Up 3.8%

Shares of APPS traded near $11.07 on Sunday. Despite the trading activity, APPS does not have a meaningful P/E ratio because the company isn't profitable. The stock has experienced volatility, with a 52-week range that reflects broader market conditions.

Insider Buying and Selling at Digital Turbine, Inc.

Recent insider activity at APPS includes several sales. Chief Business Officer Michael Akkerman sold 19,313 shares at an average price of $8.67 on June 8, 2026. CEO William Gordon III sold 2,141 shares at $6.68 on May 28, 2026. Chief Accounting Officer Joshua Kinsell sold 556 shares at $4.46 on May 21, 2026, and earlier sold 618 shares at $3.37 on April 29, 2026. CFO Stephen Lasher sold 15,096 shares at $3.98 on May 6, 2026. However, CTO John Benneaser bought 693,069 shares at $3.03 on April 6, 2026.

Analysts Set New Price Targets

Analysts have mixed views on APPS. On August 6, 2025, B of A Securities upgraded the stock to a 'hold' with a price target of $5.5. Craig-Hallum maintained a 'buy' rating with a $7.0 target on June 17, 2025. Previously, on November 16, 2024, B of A Securities downgraded it to 'sell' with a $1.0 target. The consensus among analysts is a 'hold' rating with a mean price target, reflecting cautious optimism.

Bottom Line

Simplex Trading's decision to cut its APPS stake by nearly half signals a shift in its investment approach. Investors often track these filings to gauge institutional sentiment, though it's important to remember that 13F filings are historical snapshots and may not represent the current position. APPS continues to attract varied institutional interest and analyst opinions, reflecting its volatile market position.