Applied Digital Corporation $APLD Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its stake in Applied Digital Corporation (NASDAQ:APLD) by 3,668.5% during the 4th quarter, Holdings Channel reports. The fund owned 147,385 shares of the company’s stock after purchasing an additional 143,474 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Applied Digital were worth $3,614,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Noble Wealth Management PBC acquired a new stake in shares of Applied Digital in the fourth quarter valued at $25,000. Albion Financial Group UT acquired a new stake in shares of Applied Digital in the fourth quarter valued at $25,000. Activest Wealth Management purchased a new position in Applied Digital in the fourth quarter valued at $25,000. Larson Financial Group LLC increased its holdings in Applied Digital by 56,450.0% in the third quarter. Larson Financial Group LLC now owns 1,131 shares of the company’s stock valued at $26,000 after buying an additional 1,129 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Applied Digital by 87.5% in the fourth quarter. GAMMA Investing LLC now owns 1,376 shares of the company’s stock valued at $34,000 after buying an additional 642 shares during the last quarter. 65.67% of the stock is currently owned by institutional investors and hedge funds.

Applied Digital Stock Performance

Shares of APLD stock opened at $45.87 on Monday. The stock’s 50-day moving average is $32.39 and its two-hundred day moving average is $30.86. The firm has a market cap of $13.11 billion, a price-to-earnings ratio of -61.99 and a beta of 5.69. Applied Digital Corporation has a 1 year low of $6.68 and a 1 year high of $48.57. The company has a debt-to-equity ratio of 1.65, a quick ratio of 2.38 and a current ratio of 2.38.

Applied Digital (NASDAQ:APLD) last issued its quarterly earnings data on Wednesday, April 8th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.23). The firm had revenue of $108.55 million for the quarter, compared to analysts’ expectations of $78.47 million. Applied Digital had a negative return on equity of 15.91% and a negative net margin of 52.84%.The business’s revenue for the quarter was up 139.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.08) EPS. Analysts predict that Applied Digital Corporation will post -0.61 earnings per share for the current year.

Insider Transactions at Applied Digital

In related news, Director Douglas S. Miller sold 10,000 shares of the firm’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $34.98, for a total transaction of $349,800.00. Following the transaction, the director owned 184,859 shares of the company’s stock, valued at $6,466,367.82. This trade represents a 5.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard N. Nottenburg sold 12,500 shares of the firm’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $34.59, for a total value of $432,375.00. Following the transaction, the director directly owned 208,378 shares in the company, valued at approximately $7,207,795.02. This represents a 5.66% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 35,000 shares of company stock worth $1,182,175. Corporate insiders own 9.50% of the company’s stock.

Key Applied Digital News

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

• Positive Sentiment: Applied Digital’s new hyperscaler lease materially improves revenue visibility and confirms strong demand for its AI data center capacity, which is the main reason shares are being bid up. Applied Digital’s New Hyperscaler Lease Lifts Contracted AI Revenue To US$31b
• Positive Sentiment: Needham and Citizens JMP both raised price targets after the lease announcement, reinforcing bullish sentiment and suggesting analysts see further upside from the company’s contracted growth. Needham says Polaris Forge 3 lease agreement could drive Applied Digital stock higher
• Positive Sentiment: Market commentary continues to frame APLD as an AI winner, with articles highlighting the company’s expanding role in powering hyperscale and AI workloads. The Big 3: BE, APLD, AAPL
• Neutral Sentiment: Some coverage notes the stock’s valuation is now rich relative to current fundamentals, so investors are paying a premium for future lease conversion and margin expansion. Applied Digital Just Hit 1GW Of Contracted Capacity – Why It Matters
• Neutral Sentiment: Analysts are also discussing Applied Digital’s direct-to-chip cooling technology as a way to attract hyperscalers, but this is more of a strategic longer-term growth story than an immediate earnings driver. Can Direct-to-Chip Cooling Strengthen APLD’s Hyperscale Appeal?

Analysts Set New Price Targets

Several research firms recently commented on APLD. Lake Street Capital reissued a “buy” rating and issued a $70.00 target price (up from $55.00) on shares of Applied Digital in a report on Thursday. Northland Securities set a $56.00 target price on Applied Digital in a report on Wednesday, January 28th. Zacks Research raised Applied Digital from a “strong sell” rating to a “hold” rating in a report on Thursday, May 7th. Wall Street Zen lowered Applied Digital from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Finally, Citigroup reissued an “outperform” rating on shares of Applied Digital in a report on Thursday. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.67.

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.