Hansen, Mueller Industries director, sells $105,710 in stock
Digital Turbine, Inc. (NASDAQ:APPS) filed a prospectus supplement on Wednesday covering the potential sale of 1,222,418 shares of its common stock by certain selling stockholders. The shares are registered under the company’s shelf registration statement on Form S-3.
According to the statement, the common stock to be sold has a par value of $0.0001 per share. The selling stockholders are identified in the prospectus supplement, which was dated and filed the same day. InvestingPro analysis indicates the stock is currently undervalued, with additional insights available in the comprehensive Pro Research Report covering this and 1,400+ other US equities.
The company also filed a legal opinion regarding the validity of the securities included in the prospectus supplement. This legal opinion, provided by Jackson Walker L.L.P., was filed as Exhibit 5.1 and is incorporated by reference in the report.
Digital Turbine’s common stock is listed on the NASDAQ under the ticker symbol APPS. The company is incorporated in Delaware and is headquartered in Austin, Texas.
This information is based on a press release statement included in the company’s filing with the Securities and Exchange Commission.
In other recent news, Digital Turbine reported its financial results for the first quarter of fiscal year 2026, showing a mixed performance. The company achieved revenue of $130.9 million, surpassing the expected $121.64 million. However, its earnings per share (EPS) came in at $0.05, which was below the anticipated $0.07. In a separate development, BofA Securities upgraded Digital Turbine’s stock rating from Underperform to Neutral, citing the company’s return to growth. Digital Turbine recorded an 11% year-over-year revenue growth, exceeding BofA’s projection of 5%. Additionally, during the company’s 2025 annual meeting, shareholders elected eight directors to serve until the 2026 meeting. The directors received majority support, with votes ranging from approximately 46.3 million to 48.6 million. These recent developments highlight the company’s ongoing growth and changes in its leadership team.
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