Teacher Retirement System of Texas acquired a new position in Applied Digital Corporation (NASDAQ:APLD - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 24,737 shares of the company's stock, valued at approximately $139,000.
Other large investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its position in Applied Digital by 29.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,778 shares of the company's stock worth $77,000 after purchasing an additional 3,127 shares during the last quarter. SeaCrest Wealth Management LLC boosted its position in Applied Digital by 5.4% in the first quarter. SeaCrest Wealth Management LLC now owns 80,847 shares of the company's stock worth $454,000 after purchasing an additional 4,107 shares during the last quarter. HighTower Advisors LLC boosted its position in Applied Digital by 34.7% in the fourth quarter. HighTower Advisors LLC now owns 16,162 shares of the company's stock worth $123,000 after purchasing an additional 4,162 shares during the last quarter. Smith Moore & CO. boosted its position in Applied Digital by 13.8% in the fourth quarter. Smith Moore & CO. now owns 37,000 shares of the company's stock worth $283,000 after purchasing an additional 4,500 shares during the last quarter. Finally, OneDigital Investment Advisors LLC boosted its position in Applied Digital by 27.4% in the fourth quarter. OneDigital Investment Advisors LLC now owns 23,664 shares of the company's stock worth $181,000 after purchasing an additional 5,096 shares during the last quarter. 65.67% of the stock is currently owned by institutional investors.
Applied Digital Stock Up 9.3%
NASDAQ APLD opened at $11.93 on Monday. The stock's 50 day moving average is $9.55 and its 200 day moving average is $7.83. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.56. Applied Digital Corporation has a 12 month low of $3.01 and a 12 month high of $15.42. The stock has a market cap of $2.69 billion, a PE ratio of -8.71 and a beta of 6.04.
Insider Buying and Selling
In related news, Director Rachel H. Lee sold 24,212 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $7.00, for a total value of $169,484.00. Following the transaction, the director directly owned 83,613 shares of the company's stock, valued at approximately $585,291. The trade was a 22.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 11.81% of the company's stock.
Wall Street Analyst Weigh In
APLD has been the topic of a number of analyst reports. B. Riley lifted their price objective on Applied Digital from $8.00 to $15.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Citizens Jmp raised Applied Digital to a "strong-buy" rating and set a $12.00 price objective on the stock in a research report on Thursday, May 22nd. Compass Point reaffirmed a "neutral" rating and set a $13.00 price objective (up from $10.00) on shares of Applied Digital in a research report on Monday, June 9th. Roth Capital reaffirmed a "buy" rating on shares of Applied Digital in a research report on Monday, June 2nd. Finally, HC Wainwright lifted their price objective on Applied Digital from $7.00 to $12.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $12.73.
Get Our Latest Analysis on Applied Digital
Applied Digital Profile
(
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.
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