In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Digital Turbine Inc. (NASDAQ:APPS) reported that Columbus Capital Management Llc has picked up 5,967,401 of common stock as of 2017-07-24.
The acquisition brings the aggregate amount owned by Columbus Capital Management Llc to a total of 5,967,401 representing a 9.0% in the company.
For those not familiar with the company, Digital Turbine, Inc. is engaged in delivering end-to-end products and solutions for mobile operators, application advertisers, device original equipment manufacturers (OEMs) and other third parties to enable them to monetize mobile content. The Company operates its business in two operating segments: Advertising and Content. The Advertising segment consists of two businesses: Operator and OEM (O&O) and Advertiser and Publisher (A&P). The O&O business is an advertiser solution for carrier and OEM inventory consisting of services, such as Ignite, a mobile device management platform and Discover, an intelligent application discovery platform. Its A&P business is a mobile user acquisition network across the world consisting of services, such as syndicated network and real time bidding (RTB). The Content segment consists of services, including Marketplace, which is an application and content store, and Pay, which is a content management and mobile payment solution.
A glance at Digital Turbine Inc. (NASDAQ:APPS)’s key stats reveals a current market capitalization of 66.82 Million based on 66.60 Million shares outstanding and a price at last close of $1.06 per share.
Looking at insider activity, there are a few recent transactions worth noting.
Specifically, on 2017-03-10, Stone picked up 101,000 at a purchase price of $0.88.This brings their total holding to 763,080 as of the date of the filing.
On the sell side, the most recent transaction saw Guber unload 214,432 shares at a sale price of $3.89. This brings their total holding to 3,785,378.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Digital Turbine Inc. (NASDAQ:APPS) as things move forward to see if its progress aligns with these transactions. Subscribe below and we’ll keep you on top of what’s happening before it moves markets.