State of New Jersey Common Pension Fund D Invests $3.09 Million in Applied Digital Corporation $APLD

State of New Jersey Common Pension Fund D purchased a new stake in Applied Digital Corporation (NASDAQ:APLD) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 134,880 shares of the company’s stock, valued at approximately $3,094,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its position in Applied Digital by 24,356.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 5,219,565 shares of the company’s stock valued at $52,561,000 after purchasing an additional 5,198,223 shares during the period. Situational Awareness LP grew its position in shares of Applied Digital by 63.3% during the 2nd quarter. Situational Awareness LP now owns 6,591,800 shares of the company’s stock worth $66,379,000 after buying an additional 2,556,200 shares during the period. HRT Financial LP bought a new stake in shares of Applied Digital during the second quarter worth approximately $14,759,000. Voya Investment Management LLC lifted its holdings in Applied Digital by 403.4% in the third quarter. Voya Investment Management LLC now owns 1,464,909 shares of the company’s stock valued at $33,605,000 after buying an additional 1,173,929 shares during the period. Finally, Shellback Capital LP acquired a new position in Applied Digital in the second quarter valued at approximately $9,063,000. 65.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

APLD has been the subject of a number of analyst reports. Freedom Capital raised shares of Applied Digital to a “strong-buy” rating in a report on Tuesday, January 6th. Roth Mkm restated a “buy” rating on shares of Applied Digital in a research report on Tuesday. Wall Street Zen upgraded Applied Digital from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. Lake Street Capital reissued a “buy” rating and issued a $45.00 target price on shares of Applied Digital in a research note on Tuesday, December 30th. Finally, Arete Research assumed coverage on Applied Digital in a report on Wednesday, January 7th. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $37.00.

Key Applied Digital News

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

• Positive Sentiment: Broader AI spending trends remain a potential tailwind for Applied Digital’s neocloud/data‑center business — analysts expect large increases in AI infrastructure budgets in 2026 that could support long‑term demand for specialized cloud capacity. AI Spending Is Poised to Hit $700 Billion in 2026
• Neutral Sentiment: Short‑interest reports show anomalous/zero values and a 0.0 days-to-cover reading (likely a data/reporting glitch), so there’s no clear evidence of a rising coordinated short position driving the move. Monitor later filings for a reliable signal.
• Neutral Sentiment: Commentary about volatility and “volatile stocks” highlights that APLD’s high beta makes it prone to sharp swings — this is a reminder that both downside and upside moves can be amplified regardless of fundamentals. 3 Volatile Stocks That Fall Short
• Negative Sentiment: NVIDIA sold its Applied Digital position in its Q4 13F filing and publicly exited an ARM stake — the sale of APLD was highlighted by multiple outlets and is being read as reduced institutional confidence relative to NVIDIA’s continued holdings in other neocloud peers. That 13F disclosure triggered selling pressure and negative sentiment around APLD. NVIDIA’s 13F Bombshell: A New AI Power Trio Emerges
• Negative Sentiment: Market articles reporting that APLD dropped after NVIDIA’s disposal amplified the move; news pieces cited a multi‑day losing streak and direct links between NVIDIA’s divestiture and APLD’s decline. Applied Digital (APLD) Loses 4.9% as Nvidia Disposes of Shares MSN: Applied Digital loses 4.9%

Applied Digital Stock Performance

Shares of APLD opened at $29.04 on Friday. The firm has a market cap of $8.12 billion, a P/E ratio of -53.78 and a beta of 7.25. Applied Digital Corporation has a twelve month low of $3.31 and a twelve month high of $42.27. The company has a debt-to-equity ratio of 1.79, a quick ratio of 4.82 and a current ratio of 4.82. The firm’s 50 day moving average price is $32.01 and its two-hundred day moving average price is $26.94.

Insider Activity at Applied Digital

In other Applied Digital news, Director Douglas S. Miller sold 10,000 shares of Applied Digital stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $38.54, for a total value of $385,400.00. Following the sale, the director owned 200,859 shares of the company’s stock, valued at $7,741,105.86. This trade represents a 4.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Chuck Hastings sold 45,987 shares of the business’s stock in a transaction dated 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 sale, the director owned 388,372 shares in the company, valued at approximately $14,979,508.04. This trade represents a 10.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 244,593 shares of company stock valued at $9,003,278. 9.50% of the stock is 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.