Equitec Proprietary Markets LLC Takes Position in Applied Digital Corporation $APLD

Equitec Proprietary Markets LLC acquired a new stake in Applied Digital Corporation (NASDAQ:APLD - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 8,373,964 shares of the company's stock, valued at approximately $312,349,000. Applied Digital makes up about 55.8% of Equitec Proprietary Markets LLC's portfolio, making the stock its biggest position. Equitec Proprietary Markets LLC owned 2.87% of Applied Digital at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of APLD. Vanguard Group Inc. increased its holdings in Applied Digital by 36.4% in the 4th quarter. Vanguard Group Inc. now owns 24,168,082 shares of the company's stock worth $592,601,000 after buying an additional 6,445,908 shares in the last quarter. Situational Awareness LP grew its stake in shares of Applied Digital by 18.9% in the first quarter. Situational Awareness LP now owns 13,478,438 shares of the company's stock worth $319,978,000 after acquiring an additional 2,139,378 shares during the period. Geode Capital Management LLC raised its holdings in shares of Applied Digital by 5.1% during the fourth quarter. Geode Capital Management LLC now owns 6,285,820 shares of the company's stock valued at $154,151,000 after purchasing an additional 304,228 shares during the last quarter. Value Aligned Research Advisors LLC purchased a new stake in Applied Digital in the fourth quarter worth approximately $138,380,000. Finally, BNP Paribas Financial Markets grew its position in Applied Digital by 24,356.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,219,565 shares of the company's stock worth $52,561,000 after purchasing an additional 5,198,223 shares during the period. 65.67% of the stock is owned by institutional investors.

Applied Digital News Summary

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

• Positive Sentiment: Applied Digital’s long-term AI data-center leases and expanding project pipeline could support substantial revenue growth over the next several years. One analysis projects significant upside if the company executes on those commitments. Prediction: Applied Digital Stock Will Jump 156% in 3 Years
• Positive Sentiment: Recent enthusiasm for Applied Digital’s AI infrastructure strategy and long-term contracts remains an important bullish factor, despite the stock’s recent weakness. Applied Digital Stock Is Down, But Its AI Data Center Business Is Powering Up
• Neutral Sentiment: Applied Digital has delivered very strong three-year returns, but its valuation remains expensive on sales, meaning the market already reflects substantial optimism about future AI data-center growth. Applied Digital Stock Looks Strong On Returns But Expensive On Sales
• Negative Sentiment: A major impairment charge at IREN, including a writedown tied to older Bitcoin-mining equipment, triggered a broader selloff in capital-intensive AI and data-center stocks. Investors appear concerned about transition costs, execution risk and potential asset write-downs across the sector—even though Applied Digital did not report comparable bad news. Applied Digital Sinks as Data Center Selloff Broadens
• Negative Sentiment: Zacks Research downgraded Applied Digital from “hold” to “strong sell,” adding pressure to investor sentiment. Zacks.com

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on APLD shares. Weiss Ratings reissued a "sell (d-)" rating on shares of Applied Digital in a report on Tuesday, July 21st. Wall Street Zen cut shares of Applied Digital from a "sell" rating to a "strong sell" rating in a research note on Sunday. Lucid Cap Mkts upgraded shares of Applied Digital to a "strong-buy" rating in a research report on Wednesday, May 27th. Craig Hallum upped their target price on shares of Applied Digital from $75.00 to $79.00 and gave the company a "buy" rating in a report on Tuesday, June 9th. Finally, Zacks Research cut shares of Applied Digital from a "hold" rating to a "strong sell" rating in a research note on Wednesday. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $68.15.

Insider Transactions at Applied Digital

In other Applied Digital news, Director Richard N. Nottenburg sold 75,000 shares of the firm's stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $31.15, for a total transaction of $2,336,250.00. Following the sale, the director directly owned 133,378 shares of the company's stock, valued at $4,154,724.70. This trade represents a 35.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 9.50% of the company's stock.

Applied Digital Stock Performance

APLD opened at $25.34 on Friday. The firm has a market cap of $7.39 billion, a P/E ratio of -28.47 and a beta of 5.75. Applied Digital Corporation has a 1-year low of $13.16 and a 1-year high of $50.72. The company has a 50 day simple moving average of $30.86 and a two-hundred day simple moving average of $33.36. The company has a debt-to-equity ratio of 2.88, a current ratio of 4.01 and a quick ratio of 4.01.

Applied Digital (NASDAQ:APLD - Get Free Report) last announced its quarterly earnings data on Monday, July 27th. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.30). Applied Digital had a negative net margin of 37.78% and a negative return on equity of 16.42%. The firm had revenue of $240.35 million for the quarter, compared to the consensus estimate of $96.85 million. During the same quarter in the previous year, the business earned ($0.24) earnings per share. The firm's revenue for the quarter was up 406.3% on a year-over-year basis. Equities analysts forecast that Applied Digital Corporation will post -1.09 earnings per share for the current fiscal year.

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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