Prime Capital Investment Advisors LLC Takes $1.28 Million Position in Applied Digital Corporation $APLD

Key Points

• Prime Capital Investment Advisors established a new position in Applied Digital, buying 52,356 shares in Q4 worth about $1.28 million.
• Applied Digital's latest quarter showed a revenue beat—$108.55 million, up ~139% year‑over‑year—but EPS was ($0.36), missing estimates and highlighting continued losses and cash‑burn concerns.
• Insiders have been net sellers recently (244,593 shares sold in the past 90 days, roughly $9.0 million); directors Chuck Hastings and Richard Nottenburg sold significant stakes, while institutional investors still hold about 65.67% of the stock and insiders own 9.5%.

Prime Capital Investment Advisors LLC bought a new stake in Applied Digital Corporation (NASDAQ:APLD - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 52,356 shares of the company's stock, valued at approximately $1,284,000.

A number of other large investors have also modified their holdings of APLD. Noble Wealth Management PBC acquired a new stake in shares of Applied Digital in the fourth quarter valued at about $25,000. Albion Financial Group UT acquired a new stake in Applied Digital during the 4th quarter valued at approximately $25,000. Larson Financial Group LLC grew its stake in Applied Digital by 56,450.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,131 shares of the company's stock valued at $26,000 after purchasing an additional 1,129 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in Applied Digital during the 2nd quarter valued at approximately $26,000. Finally, Dagco Inc. acquired a new stake in Applied Digital during the 3rd quarter valued at approximately $27,000. Institutional investors and hedge funds own 65.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Texas Capital upgraded Applied Digital to a "strong-buy" rating in a research note on Tuesday, January 20th. Citizens Jmp restated a "market outperform" rating and set a $40.00 price objective on shares of Applied Digital in a research note on Thursday. Roth Mkm restated a "buy" rating on shares of Applied Digital in a research note on Tuesday, February 17th. Northland Securities set a $56.00 price objective on Applied Digital in a research note on Wednesday, January 28th. Finally, Lake Street Capital restated a "buy" rating and set a $45.00 price objective on shares of Applied Digital in a research note on Tuesday, December 30th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $39.20.

Insider Transactions at Applied Digital

In other Applied Digital news, Director Chuck Hastings sold 45,987 shares of the stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $38.57, for a total transaction of $1,773,718.59. Following the transaction, the director owned 388,372 shares of the company's stock, valued at $14,979,508.04. This trade represents a 10.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard N. Nottenburg sold 12,000 shares of the stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $35.45, for a total value of $425,400.00. Following the transaction, the director directly owned 233,378 shares in the company, valued at approximately $8,273,250.10. This represents a 4.89% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 244,593 shares of company stock worth $9,003,278. 9.50% of the stock is currently owned by corporate insiders.

Applied Digital Trading Up 2.7%

NASDAQ:APLD opened at $26.26 on Friday. The company has a quick ratio of 4.82, a current ratio of 2.38 and a debt-to-equity ratio of 1.65. The business's 50 day moving average is $28.88 and its two-hundred day moving average is $29.49. Applied Digital Corporation has a 52 week low of $3.31 and a 52 week high of $42.27. The company has a market cap of $7.50 billion, a PE ratio of -35.48 and a beta of 7.25.

Applied Digital (NASDAQ:APLD - Get Free Report) last released its earnings results on Wednesday, April 8th. The company reported ($0.36) EPS for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.23). Applied Digital had a negative return on equity of 15.91% and a negative net margin of 52.84%.The firm had revenue of $108.55 million for the quarter, compared to the consensus estimate of $78.47 million. During the same period in the prior year, the business earned ($0.08) EPS. The company's quarterly revenue was up 139.3% on a year-over-year basis. On average, analysts predict that Applied Digital Corporation will post -0.96 EPS for the current year.

Trending Headlines about Applied Digital

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

• Positive Sentiment: Q3/Q1 revenue beat and rapid growth: APLD reported revenue that surged ~139% Y/Y and exceeded Wall Street expectations, with non‑GAAP profit above estimates—fueling optimism about demand for AI/data‑center capacity. APLD Q1 Deep Dive
• Positive Sentiment: Major capacity expansion and improved lease economics: Applied broke ground on the 300 MW Delta Forge 1 AI campus, recast leases with hyperscaler CoreWeave (improving credit metrics and lowering cost of capital) and reiterated high‑growth NOI targets. These moves underpin the company’s long‑term AI/data‑center thesis. Applied Digital Expands AI Campus
• Positive Sentiment: Analyst / options flow support: Citizens Jmp reaffirmed a Market Outperform rating with a $40 target, and intraday reports show heavy call‑option activity—both signal institutional and speculative bullish interest. Citizens Jmp rating Options Flow
• Neutral Sentiment: Short interest report shows effectively zero reported short interest (odd/possibly stale data); days‑to‑cover is negligible—this lowers squeeze risk but the data may be unreliable. (internal short‑interest entry)
• Neutral Sentiment: Analyst/think pieces weigh pros and cons: Several deep dives (Seeking Alpha) argue APLD is a long‑term winner in the AI CapEx boom while flagging emerging risks from leverage and cash burn. Still A Buy Despite Emerging Risks Winner In The AI CapEx Boom
• Negative Sentiment: Wider GAAP loss, write‑downs and stock‑based comp weighed on sentiment: Despite the revenue beat, APLD reported a larger net loss than expected and flagged significant non‑cash charges and expanded operating losses—key reasons some investors sold into the rally. Q3 Results — Loss Wider
• Negative Sentiment: Downgrade and cautionary headlines: Zacks moved APLD to a "strong sell" and multiple outlets cautioned about massive cash burn, weak near‑term EPS outlook and a spin‑off charge—pressures that can keep the stock volatile and cap upside. Zacks downgrade Should You Buy the Dip?
• Negative Sentiment: Market reaction so far: Multiple headlines note the stock fell after the beat earlier in the session as investors focused on losses and cash burn; that same tension explains today's seesaw price action. Why APLD Stock Is Falling

About Applied Digital

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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