Northern Trust Corp grew its holdings in shares of Applied Digital Co. (NASDAQ:APLD - Free Report) by 81.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,793,700 shares of the company's stock after purchasing an additional 807,681 shares during the period. Northern Trust Corp owned approximately 0.80% of Applied Digital worth $13,704,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently bought and sold shares of APLD. Barclays PLC lifted its stake in Applied Digital by 736.8% during the third quarter. Barclays PLC now owns 486,577 shares of the company's stock valued at $4,014,000 after buying an additional 428,428 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Applied Digital by 18.4% during the third quarter. JPMorgan Chase & Co. now owns 56,355 shares of the company's stock valued at $465,000 after buying an additional 8,774 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new stake in shares of Applied Digital in the fourth quarter worth approximately $586,000. Nisa Investment Advisors LLC lifted its position in shares of Applied Digital by 16.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 11,774 shares of the company's stock worth $90,000 after purchasing an additional 1,692 shares in the last quarter. Finally, Dakota Wealth Management purchased a new stake in shares of Applied Digital in the fourth quarter worth approximately $115,000. 65.67% of the stock is owned by hedge funds and other institutional investors.
Applied Digital Stock Down 0.1%
APLD traded down $0.01 during midday trading on Monday, hitting $6.82. 51,375,378 shares of the company's stock traded hands, compared to its average volume of 30,217,301. The company has a market cap of $1.53 billion, a PE ratio of -3.94 and a beta of 5.98. The stock's fifty day simple moving average is $5.55 and its 200-day simple moving average is $7.40. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.77 and a quick ratio of 0.77. Applied Digital Co. has a one year low of $3.01 and a one year high of $12.48.
Applied Digital (NASDAQ:APLD - Get Free Report) last issued its quarterly earnings data on Monday, April 14th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.05). The business had revenue of $52.92 million for the quarter, compared to the consensus estimate of $62.91 million. Applied Digital had a negative net margin of 127.86% and a negative return on equity of 117.67%. During the same period in the previous year, the business posted ($0.24) EPS. As a group, equities analysts anticipate that Applied Digital Co. will post -0.96 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on APLD shares. Compass Point started coverage on shares of Applied Digital in a research report on Tuesday, January 28th. They issued a "buy" rating and a $10.00 price target for the company. HC Wainwright reduced their price target on shares of Applied Digital from $12.00 to $7.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Northland Securities increased their price target on shares of Applied Digital from $12.00 to $20.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 4th. Needham & Company LLC reissued a "buy" rating and issued a $10.00 price target on shares of Applied Digital in a research report on Wednesday, April 23rd. Finally, Cantor Fitzgerald reduced their price target on shares of Applied Digital from $14.00 to $7.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $10.67.
Check Out Our Latest Research Report on Applied Digital
About Applied Digital
(
Free Report)
Applied Digital Corporation designs, develops, and operates datacenters in North America. Its datacenters provide digital infrastructure solutions to the high-performance computing industry. The company also provides artificial intelligence cloud services, high performance computing datacenter hosting, and crypto datacenter hosting services.
See Also
Before you consider Applied Digital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Applied Digital wasn't on the list.
While Applied Digital currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
