Mission Wealth Management LP Boosts Stock Holdings in Applied Digital Corporation $APLD

Mission Wealth Management LP grew its holdings in Applied Digital Corporation (NASDAQ:APLD) by 125.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 30,634 shares of the company’s stock after buying an additional 17,070 shares during the quarter. Mission Wealth Management LP’s holdings in Applied Digital were worth $751,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Applied Digital by 36.4% during the 4th quarter. Vanguard Group Inc. now owns 24,168,082 shares of the company’s stock valued at $592,601,000 after buying an additional 6,445,908 shares in the last quarter. Situational Awareness LP lifted its stake 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 valued at $66,379,000 after buying an additional 2,556,200 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of 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 buying an additional 5,198,223 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Applied Digital by 20.2% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,199,135 shares of the company’s stock valued at $73,388,000 after buying an additional 537,839 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new stake in shares of Applied Digital during the 3rd quarter valued at approximately $69,535,000. 65.67% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Richard N. Nottenburg sold 12,500 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $34.59, for a total value of $432,375.00. Following the completion of the sale, the director owned 208,378 shares of the company’s stock, valued at approximately $7,207,795.02. This represents a 5.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Douglas S. Miller sold 10,000 shares of the company’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $34.98, for a total transaction of $349,800.00. Following the completion of the sale, the director directly owned 184,859 shares of the company’s stock, valued at $6,466,367.82. This trade represents a 5.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 35,000 shares of company stock valued at $1,182,175 in the last ninety days. 9.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently commented on APLD shares. Needham & Company LLC upped their price target on shares of Applied Digital to $51.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Citizens Jmp restated a “market outperform” rating and set a $40.00 price target on shares of Applied Digital in a research note on Thursday, April 9th. Citigroup restated an “outperform” rating on shares of Applied Digital in a research note on Wednesday, January 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Applied Digital in a research note on Friday, April 24th. Finally, Northland Securities set a $56.00 price target on shares of Applied Digital in a research note on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $44.67.

Key Applied Digital News

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

• Positive Sentiment: Applied Digital announced a $7.5 billion, 15-year take-or-pay lease with a U.S.-based high investment-grade hyperscaler for its fourth AI factory campus, Polaris Forge 3, pushing total contracted capacity above 1 GW and lifting baseline contracted revenue to about $31 billion ($73 billion if renewal options are exercised). Article Applied Digital Reaches Significant Milestone, Surpassing 1 GW of Contracted Capacity with U.S. Based High Investment-Grade Hyperscaler Lease at Fourth Campus, Polaris Forge 3
• Positive Sentiment: The deal strengthens the investment case for APLD by showing continued traction with large AI infrastructure customers and improving long-term revenue visibility, which can support the stock’s premium valuation. Article Applied Digital stock surges after $7.5B hyperscaler deal
• Neutral Sentiment: Coverage comparing APLD with Microsoft and other AI hosting names highlights broader investor interest in hyperscale and AI data center infrastructure, but this is more of an industry context story than a company-specific catalyst. Article APLD vs. MSFT: Which AI Hosting and Hyperscale Stock Has More Upside?

Applied Digital Trading Up 7.9%

Shares of APLD opened at $39.52 on Thursday. The firm has a market cap of $11.29 billion, a price-to-earnings ratio of -53.40 and a beta of 5.69. 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 Corporation has a fifty-two week low of $6.53 and a fifty-two week high of $47.79. The firm has a 50 day moving average price of $31.63 and a 200-day moving average price of $30.67.

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

Applied Digital 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.