Quent Capital LLC Makes New $711,000 Investment in Applied Digital Corporation $APLD

Key Points

• Quent Capital LLC opened a new position in Applied Digital (APLD), buying 29,000 shares worth about $711,000 in the fourth quarter per its 13F filing.
• Applied Digital signed a 15‑year, roughly $7.5 billion hyperscaler lease at its Delta Forge 1 AI campus, pushing total contracted revenue to over $23 billion and serving as the main catalyst for recent rallies.
• Fundamentals and risk remain mixed: the company missed quarterly EPS (‑$0.36 vs. ‑$0.13), shows negative margins and ROE, has a high beta (~7), and carries mixed analyst sentiment (average "Moderate Buy," $44.33 target), implying elevated volatility.

Quent Capital LLC bought a new position in shares of Applied Digital Corporation (NASDAQ:APLD - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 29,000 shares of the company's stock, valued at approximately $711,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Noble Wealth Management PBC acquired a new position in shares of Applied Digital during the 4th quarter worth approximately $25,000. Albion Financial Group UT acquired a new position in shares of Applied Digital during the 4th quarter worth approximately $25,000. Larson Financial Group LLC grew its position in shares of Applied Digital by 56,450.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,131 shares of the company's stock worth $26,000 after purchasing an additional 1,129 shares in the last quarter. Dagco Inc. acquired a new position in shares of Applied Digital during the 3rd quarter worth approximately $27,000. Finally, GAMMA Investing LLC grew its position in shares of Applied Digital by 87.5% during the 4th quarter. GAMMA Investing LLC now owns 1,376 shares of the company's stock worth $34,000 after purchasing an additional 642 shares in the last quarter. Institutional investors and hedge funds own 65.67% of the company's stock.

Analyst Ratings Changes

APLD has been the topic of a number of analyst reports. Wall Street Zen lowered shares of Applied Digital from a "hold" rating to a "sell" rating in a research report on Saturday, April 11th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Applied Digital in a report on Friday. B. Riley Financial upped their price target on shares of Applied Digital to $53.00 and gave the stock a "buy" rating in a report on Friday, January 9th. Zacks Research downgraded shares of Applied Digital from a "hold" rating to a "strong sell" rating in a report on Wednesday, April 8th. Finally, Roth Mkm reaffirmed a "buy" rating and set a $65.00 price target on shares of Applied Digital in a report on Thursday. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $44.33.

Applied Digital Stock Performance

Shares of Applied Digital stock opened at $34.98 on Monday. The company has a 50 day moving average of $28.27 and a 200-day moving average of $30.01. Applied Digital Corporation has a 1-year low of $4.20 and a 1-year high of $42.27. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.65. The company has a market cap of $10.00 billion, a PE ratio of -47.27 and a beta of 7.25.

Applied Digital (NASDAQ:APLD - Get Free Report) last issued its quarterly earnings results on Wednesday, April 8th. The company reported ($0.36) earnings per share 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 last year, the company posted ($0.08) EPS. The business's revenue was up 139.3% on a year-over-year basis. As a group, equities research analysts forecast that Applied Digital Corporation will post -0.52 earnings per share for the current fiscal year.

Key Headlines Impacting Applied Digital

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.

Insider Buying and Selling

In related news, Director Chuck Hastings sold 45,987 shares of the stock in a transaction that occurred on Thursday, January 29th. The shares were 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 of the company's stock, valued at $14,979,508.04. This represents a 10.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 9.50% of the stock is currently owned by insiders.

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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