13,641 Shares in Applied Digital Corporation $APLD Bought by Leonteq Securities AG

Leonteq Securities AG purchased a new position in shares of Applied Digital Corporation (NASDAQ:APLD) during the 4th quarter, Holdings Channel.com reports. The fund purchased 13,641 shares of the company’s stock, valued at approximately $334,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Noble Wealth Management PBC purchased a new stake in Applied Digital during the 4th quarter worth $25,000. Albion Financial Group UT purchased a new stake in Applied Digital during the 4th quarter worth $25,000. Activest Wealth Management purchased a new stake in Applied Digital during the 4th quarter worth $25,000. Larson Financial Group LLC increased its stake in Applied Digital by 56,450.0% during the 3rd 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 period. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in Applied Digital during the 2nd quarter worth $26,000. Hedge funds and other institutional investors own 65.67% of the company’s stock.

Insider Buying and Selling at Applied Digital

In other Applied Digital news, Director Douglas S. Miller sold 10,000 shares of the firm’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 transaction, 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard N. Nottenburg sold 12,500 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $34.59, for a total transaction of $432,375.00. Following the transaction, the director directly owned 208,378 shares of the company’s stock, valued at approximately $7,207,795.02. This represents a 5.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 35,000 shares of company stock valued at $1,182,175. 9.50% of the stock is owned by company insiders.

Applied Digital News Summary

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?

Applied Digital Price Performance

Shares of APLD stock opened at $45.87 on Friday. The firm has a market cap of $13.11 billion, a P/E ratio of -61.99 and a beta of 5.69. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.38 and a quick ratio of 2.38. Applied Digital Corporation has a 1-year low of $6.68 and a 1-year high of $48.57. The firm has a fifty day moving average of $32.39 and a two-hundred day moving average of $30.87.

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

Analyst Ratings Changes

Several research firms recently issued reports on APLD. Needham & Company LLC lifted their price target on shares of Applied Digital to $66.00 and gave the stock a “buy” rating in a research note on Thursday. Citizens Jmp lifted their price target on shares of Applied Digital from $40.00 to $60.00 and gave the stock a “market outperform” rating in a research note on Thursday. Citigroup reaffirmed an “outperform” rating on shares of Applied Digital in a research note on Thursday. Zacks Research raised shares of Applied Digital from a “strong sell” rating to a “hold” rating in a report on Thursday, May 7th. Finally, Northland Securities set a $56.00 price objective on shares of Applied Digital in a report 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 issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $57.67.

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.