GTS Securities LLC Takes $1.64 Million Position in Applied Digital Corporation $APLD

GTS Securities LLC purchased a new position in Applied Digital Corporation (NASDAQ:APLD) in the second quarter, Holdings Channel reports. The fund purchased 43,993 shares of the company’s stock, valued at approximately $1,641,000.

Other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC lifted its position in Applied Digital by 84.8% in the 1st quarter. AQR Capital Management LLC now owns 18,945 shares of the company’s stock worth $106,000 after buying an additional 8,692 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Applied Digital by 239.1% during the 1st quarter. NewEdge Advisors LLC now owns 33,267 shares of the company’s stock valued at $187,000 after acquiring an additional 23,457 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Applied Digital by 113.3% in the first quarter. Geneos Wealth Management Inc. now owns 6,667 shares of the company’s stock worth $37,000 after acquiring an additional 3,542 shares during the last quarter. Strs Ohio acquired a new position in shares of Applied Digital in the first quarter worth $71,000. Finally, Cetera Investment Advisers raised its holdings in shares of Applied Digital by 61.0% during the second quarter. Cetera Investment Advisers now owns 61,656 shares of the company’s stock worth $621,000 after acquiring an additional 23,360 shares in the last quarter. 65.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Richard N. Nottenburg sold 75,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was 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. The trade was a 35.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.50% of the stock is currently owned by corporate insiders.

Applied Digital Trading Down 7.7%

Shares of NASDAQ:APLD opened at $25.34 on Friday. The stock has a market capitalization of $7.39 billion, a PE ratio of -28.47 and a beta of 5.75. Applied Digital Corporation has a 1 year low of $13.16 and a 1 year high of $50.72. The firm has a fifty day moving average price of $30.86 and a 200 day moving average price of $33.36. The company has a current ratio of 4.01, a quick 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 (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.30). Applied Digital had a negative return on equity of 16.42% and a negative net margin of 37.78%.The firm had revenue of $240.35 million for the quarter, compared to the consensus estimate of $96.85 million. During the same period in the prior year, the company posted ($0.24) earnings per share. Applied Digital’s quarterly revenue was up 406.3% on a year-over-year basis. Analysts expect that Applied Digital Corporation will post -1.09 EPS for the current fiscal year.

Analysts Set New Price Targets

APLD has been the subject of a number of research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Applied Digital in a research report on Tuesday, July 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $83.00 price target on shares of Applied Digital in a research note on Tuesday, July 28th. Zacks Research lowered Applied Digital from a “hold” rating to a “strong sell” rating in a report on Wednesday. Citizens Jmp increased their price objective on Applied Digital from $40.00 to $60.00 and gave the stock a “market outperform” rating in a report on Thursday, May 21st. Finally, Lake Street Capital raised their price objective on shares of Applied Digital from $70.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Three research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.15.

Key Headlines Impacting Applied Digital

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

• Positive Sentiment: Applied Digital’s long-term AI data-center leases and expanding project pipeline could support substantial revenue growth over the next several years. One analysis projects significant upside if the company executes on those commitments. Prediction: Applied Digital Stock Will Jump 156% in 3 Years
• Positive Sentiment: Recent enthusiasm for Applied Digital’s AI infrastructure strategy and long-term contracts remains an important bullish factor, despite the stock’s recent weakness. Applied Digital Stock Is Down, But Its AI Data Center Business Is Powering Up
• Neutral Sentiment: Applied Digital has delivered very strong three-year returns, but its valuation remains expensive on sales, meaning the market already reflects substantial optimism about future AI data-center growth. Applied Digital Stock Looks Strong On Returns But Expensive On Sales
• Negative Sentiment: A major impairment charge at IREN, including a writedown tied to older Bitcoin-mining equipment, triggered a broader selloff in capital-intensive AI and data-center stocks. Investors appear concerned about transition costs, execution risk and potential asset write-downs across the sector—even though Applied Digital did not report comparable bad news. Applied Digital Sinks as Data Center Selloff Broadens
• Negative Sentiment: Zacks Research downgraded Applied Digital from “hold” to “strong sell,” adding pressure to investor sentiment. Zacks.com

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.