Cambridge Investment Research Advisors Inc. Has $5.47 Million Stock Position in Applied Digital Corporation $APLD

Cambridge Investment Research Advisors Inc. grew its holdings in shares of Applied Digital Corporation (NASDAQ:APLD) by 39.6% during the second quarter, Holdings Channel reports. The firm owned 146,633 shares of the company’s stock after purchasing an additional 41,562 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Applied Digital were worth $5,469,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Activest Wealth Management acquired a new position in Applied Digital during the fourth quarter worth $25,000. Ameriflex Group Inc. bought a new position in Applied Digital during the fourth quarter valued at about $25,000. McMillan Office Inc. acquired a new stake in shares of Applied Digital in the fourth quarter worth about $25,000. Larson Financial Group LLC lifted its position in shares of Applied Digital by 56,450.0% in the third quarter. Larson Financial Group LLC now owns 1,131 shares of the company’s stock worth $26,000 after buying an additional 1,129 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of Applied Digital during the 2nd quarter worth about $26,000. Institutional investors and hedge funds own 65.67% of the company’s stock.

Applied Digital News Roundup

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

• Positive Sentiment: Strong demand for AI computing capacity lifted shares of several data-center and neocloud companies, including CoreWeave, Nebius and Super Micro. The sector rally reinforces the potential market opportunity for Applied Digital’s AI-focused data-center business. CoreWeave Jumps 18% as AI Capacity Sells Out
• Positive Sentiment: A report on Riot Platforms’ proposed 20-year, $9.1 billion Anthropic data-center lease highlights how large technology customers are committing substantial capital to AI infrastructure. The development is a favorable read-through for data-center operators such as Applied Digital, although the agreement involves Riot rather than APLD. Riot Platforms Re-Wires the Ledger for a $9B AI Power Play
• Neutral Sentiment: Applied Digital is expected to report earnings Thursday, giving investors a near-term catalyst. Markets will likely focus on data-center bookings, project funding, revenue growth and progress in converting AI demand into profitable operations. Applied Digital to Release Earnings on Thursday
• Negative Sentiment: Zacks added Applied Digital to its Rank #5, or “Strong Sell,” list, creating an additional source of selling pressure and signaling deteriorating analyst expectations. New Strong Sell Stocks for August 13th
• Negative Sentiment: Analysts cited heavy capital requirements, high debt, intensifying competition, weaker earnings estimates and an elevated valuation after APLD’s substantial one-year rally. These concerns suggest investors may be questioning whether future AI growth can justify the company’s risk profile. APLD Surges 101% in a Year: Should You Buy, Sell or Hold the Stock?

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on APLD. Northland Securities set a $82.00 price objective on Applied Digital and gave the company an “outperform” rating in a report on Wednesday, June 17th. Zacks Research upgraded Applied Digital from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. Craig Hallum upped their target price on Applied Digital from $75.00 to $79.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Lucid Cap Mkts upgraded Applied Digital to a “strong-buy” rating in a report on Wednesday, May 27th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Applied Digital in a research report on Tuesday, July 21st. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Applied Digital currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.15.

Applied Digital Stock Performance

Shares of NASDAQ APLD opened at $30.62 on Friday. Applied Digital Corporation has a 12 month low of $13.16 and a 12 month high of $50.72. The company has a market cap of $8.92 billion, a P/E ratio of -34.40 and a beta of 5.75. The business’s 50 day moving average is $34.20 and its two-hundred day moving average is $33.92. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 2.88.

Applied Digital (NASDAQ:APLD) last posted its quarterly earnings data on Monday, July 27th. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.30). The business had revenue of $240.35 million during the quarter, compared to the consensus estimate of $96.85 million. Applied Digital had a negative net margin of 37.78% and a negative return on equity of 16.42%. The firm’s revenue was up 406.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.24) earnings per share. On average, equities analysts expect that Applied Digital Corporation will post -1.09 EPS for the current year.

Insider Buying and Selling

In related news, Director Richard N. Nottenburg sold 75,000 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $31.15, for a total transaction of $2,336,250.00. Following the completion of the transaction, the director directly owned 133,378 shares in the company, valued at $4,154,724.70. This represents a 35.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 9.50% of the stock is currently owned by insiders.

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.