Aquatic Capital Management LLC bought a new position in Applied Digital Co. (NASDAQ:APLD - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 340,796 shares of the company's stock, valued at approximately $2,604,000. Aquatic Capital Management LLC owned about 0.15% of Applied Digital as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently made changes to their positions in the stock. Vontobel Holding Ltd. raised its position in Applied Digital by 9.8% in the fourth quarter. Vontobel Holding Ltd. now owns 16,735 shares of the company's stock valued at $128,000 after purchasing an additional 1,500 shares during the period. Nisa Investment Advisors LLC lifted its stake in Applied Digital by 16.8% during 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 during the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in shares of Applied Digital by 100.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,000 shares of the company's stock valued at $31,000 after buying an additional 2,000 shares during the period. Amalgamated Bank raised its position in shares of Applied Digital by 113.3% during the 4th quarter. Amalgamated Bank now owns 6,538 shares of the company's stock worth $50,000 after purchasing an additional 3,473 shares during the period. Finally, HighTower Advisors LLC lifted its stake in Applied Digital by 34.7% in the fourth quarter. HighTower Advisors LLC now owns 16,162 shares of the company's stock valued at $123,000 after buying an additional 4,162 shares during the last quarter. 65.67% of the stock is owned by hedge funds and other institutional investors.
Applied Digital Price Performance
APLD traded up $0.09 during midday trading on Friday, reaching $5.30. 33,070,147 shares of the company's stock were exchanged, compared to its average volume of 29,125,670. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of -3.06 and a beta of 5.18. The business has a 50-day simple moving average of $5.93 and a two-hundred day simple moving average of $7.59. Applied Digital Co. has a one year low of $2.98 and a one year high of $12.48. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.22.
Applied Digital (NASDAQ:APLD - Get Free Report) last released its earnings results on Monday, April 14th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.05). The firm had revenue of $52.92 million during the quarter, compared to analyst estimates 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 last year, the business posted ($0.24) earnings per share. As a group, research analysts predict that Applied Digital Co. will post -0.96 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on APLD shares. Northland Securities increased their target price on shares of Applied Digital from $12.00 to $20.00 and gave the company 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 note on Wednesday, April 23rd. HC Wainwright lowered their price target on Applied Digital from $12.00 to $7.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Compass Point began coverage on shares of Applied Digital in a report on Tuesday, January 28th. They set a "buy" rating and a $10.00 price target for the company. Finally, Cantor Fitzgerald dropped their price objective on Applied Digital from $14.00 to $7.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $10.67.
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About Applied Digital
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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.
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