51,400 Shares in Applied Digital Corporation $APLD Bought by Dupree Financial Group LLC

Key Points

• Dupree Financial Group LLC opened a new position in Applied Digital (NASDAQ:APLD) in Q4, acquiring 51,400 shares valued at about $1.26 million.
• Applied Digital signed a 15‑year, roughly $7.5 billion hyperscaler lease at its Delta Forge 1 AI campus, lifting total contracted revenue to over $23 billion and sparking analyst upgrades and bullish trading activity.
• Despite revenue rising 139% year‑over‑year, the company missed April‑quarter EPS (–$0.36 vs. –$0.13), continues to show negative margins and ROE, has a high beta (~7), and experienced insider selling, underscoring execution and volatility risks.

Dupree Financial Group LLC acquired a new position in shares of Applied Digital Corporation (NASDAQ:APLD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 51,400 shares of the company's stock, valued at approximately $1,260,000.

Several other hedge funds have also added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. raised its stake in Applied Digital by 8.6% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,800 shares of the company's stock worth $93,000 after buying an additional 300 shares during the period. Brookstone Capital Management raised its stake in Applied Digital by 3.6% during the 4th quarter. Brookstone Capital Management now owns 9,275 shares of the company's stock worth $227,000 after buying an additional 321 shares during the period. ProShare Advisors LLC raised its stake in Applied Digital by 1.0% during the 3rd quarter. ProShare Advisors LLC now owns 36,652 shares of the company's stock worth $841,000 after buying an additional 376 shares during the period. PNC Financial Services Group Inc. raised its stake in Applied Digital by 7.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,951 shares of the company's stock worth $137,000 after buying an additional 408 shares during the period. Finally, Wedbush Securities Inc. raised its stake in Applied Digital by 5.7% during the 3rd quarter. Wedbush Securities Inc. now owns 10,785 shares of the company's stock worth $247,000 after buying an additional 585 shares during the period. Institutional investors and hedge funds own 65.67% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Roth Mkm reaffirmed a "buy" rating and set a $65.00 price objective on shares of Applied Digital in a research note on Thursday. Citizens Jmp reaffirmed a "market outperform" rating and set a $40.00 price objective on shares of Applied Digital in a research note on Thursday, April 9th. B. Riley Financial increased their target price on Applied Digital to $53.00 and gave the stock a "buy" rating in a report on Friday, January 9th. Zacks Research cut Applied Digital from a "hold" rating to a "strong sell" rating in a report on Wednesday, April 8th. Finally, Citigroup reiterated an "outperform" rating on shares of Applied Digital in a report on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $44.33.

Key Applied Digital News

Here are the key news stories impacting Applied Digital this week:

• Positive Sentiment: Signed a large hyperscaler lease that materially expands contracted revenue — a 15‑year, roughly $7.5 billion lease at the Delta Forge 1 AI campus, pushing total contracted revenue to over $23 billion. This is the main catalyst behind recent rallies and increases the share of investment‑grade-backed revenue. Applied Digital signs $7.5 billion AI data center lease
• Positive Sentiment: Analyst support is rising — Needham raised its price target to $48 and maintains a buy rating, signaling more upside in analyst models. Needham raises price target
• Positive Sentiment: Other broker support — Lake Street reiterated a buy rating, keeping institutional sentiment on the constructive side. Lake Street Keeps Their Buy Rating
• Positive Sentiment: Unusually high call option activity indicates speculative/bullish positioning ahead of or after the lease news — large call volumes can amplify intraday moves as traders adjust positions.
• Neutral Sentiment: Market commentary is mixed — outlets are highlighting the strong AI infrastructure story but warning about the valuation vs. execution gap (“Is it too late to buy?”), which can temper buying enthusiasm. Fool: Is it too late to buy?
• Neutral Sentiment: Short‑interest data in the public feed shows a zero/NaN reading for April 24, which appears to be a data anomaly and should not be over‑interpreted absent confirmation from official short‑interest filings.
• Negative Sentiment: Fundamentals and risk factors remain: Applied Digital reported an April quarter EPS miss and still shows negative margins and negative ROE — plus a high beta (~7) and elevated volume, which makes the stock prone to sharp swings and profit‑taking after big intraday gains. These factors likely contributed to today’s pullback despite the big contract news.

Applied Digital Price Performance

APLD stock opened at $34.98 on Friday. The stock has a 50-day moving average price of $28.27 and a two-hundred day moving average price of $29.98. The stock has a market cap of $10.00 billion, a PE ratio of -47.27 and a beta of 7.25. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.65. Applied Digital Corporation has a 1 year low of $4.20 and a 1 year high of $42.27.

Applied Digital (NASDAQ:APLD - Get Free Report) last released its earnings results on Wednesday, April 8th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.23). The firm had revenue of $108.55 million for the quarter, compared to the consensus estimate of $78.47 million. Applied Digital had a negative return on equity of 15.91% and a negative net margin of 52.84%.Applied Digital's revenue for the quarter was up 139.3% on a year-over-year basis. During the same quarter last year, the company posted ($0.08) EPS. Equities analysts forecast that Applied Digital Corporation will post -0.52 EPS for the current fiscal year.

Insider Buying and Selling at Applied Digital

In other news, Director Chuck Hastings sold 45,987 shares of the firm's stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $38.57, for a total value of $1,773,718.59. Following the completion of the transaction, the director owned 388,372 shares in the company, valued at $14,979,508.04. This trade represents a 10.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 9.50% of the stock is owned by insiders.

Applied Digital Company Profile

Applied Digital NASDAQ: APLD is a technology company specializing in the development and operation of large-scale digital infrastructure and sustainable Bitcoin mining solutions. Through its integrated platform, the company designs, builds and manages turnkey data center facilities while also providing comprehensive hosting services for cloud, colocation and enterprise computing needs. Applied Digital's modular approach to facility design enables rapid deployment of capacity and streamlined integration of power, cooling and network connectivity.

In addition to its data center business, Applied Digital operates a network of Bitcoin mining sites that leverage vertically integrated capabilities, including hardware procurement, mining farm engineering, energy management and real-time performance monitoring.

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