24,368 Shares in Applied Digital Corporation $APLD Purchased by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC acquired a new position in Applied Digital Corporation (NASDAQ:APLD) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 24,368 shares of the company’s stock, valued at approximately $598,000.

Several other institutional investors and hedge funds have also made changes to their positions in APLD. Vanguard Group Inc. boosted its position in shares of Applied Digital by 36.4% in the 4th quarter. Vanguard Group Inc. now owns 24,168,082 shares of the company’s stock worth $592,601,000 after buying an additional 6,445,908 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Applied Digital by 24,356.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,219,565 shares of the company’s stock worth $52,561,000 after buying an additional 5,198,223 shares in the last quarter. Two Sigma Investments LP purchased a new stake in shares of Applied Digital in the 3rd quarter worth about $69,535,000. Situational Awareness LP boosted its position in shares of Applied Digital by 63.3% in the 2nd quarter. Situational Awareness LP now owns 6,591,800 shares of the company’s stock worth $66,379,000 after buying an additional 2,556,200 shares in the last quarter. Finally, HRT Financial LP purchased a new stake in shares of Applied Digital in the 2nd quarter worth about $14,759,000. 65.67% of the stock is currently owned by hedge funds and other institutional investors.

Applied Digital Stock Down 4.8%

APLD opened at $47.28 on Friday. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.38 and a quick ratio of 2.38. The stock has a market capitalization of $13.51 billion, a price-to-earnings ratio of -63.89 and a beta of 5.69. The business has a 50-day moving average of $34.40 and a two-hundred day moving average of $31.42. Applied Digital Corporation has a 12 month low of $6.68 and a 12 month high of $50.72.

Applied Digital (NASDAQ:APLD) last issued its earnings results 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 return on equity of 15.91% and a negative net margin of 52.84%.The firm had revenue of $108.55 million for the quarter, compared to analysts’ expectations of $78.47 million. During the same quarter in the previous year, the firm posted ($0.08) EPS. The firm’s revenue for the quarter was up 139.3% compared to the same quarter last year. On average, research analysts expect that Applied Digital Corporation will post -0.68 earnings per share for the current year.

Insider Transactions at Applied Digital

In other news, Director Douglas S. Miller sold 10,000 shares of the business’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 completion of the sale, the director owned 184,859 shares in the company, valued at approximately $6,466,367.82. The trade was a 5.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard N. Nottenburg sold 12,500 shares of the business’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 sale, the director owned 208,378 shares of the company’s stock, valued at $7,207,795.02. The trade was a 5.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 35,000 shares of company stock valued at $1,182,175 in the last quarter. Company insiders own 9.50% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on APLD. Compass Point reiterated a “buy” rating and issued a $70.00 price objective on shares of Applied Digital in a research report on Friday, May 22nd. Citizens Jmp boosted their price objective on shares of Applied Digital from $40.00 to $60.00 and gave the stock a “market outperform” rating in a research report on Thursday, May 21st. B. Riley Financial reiterated a “buy” rating and issued a $66.00 price objective (up from $53.00) on shares of Applied Digital in a research report on Wednesday. Weiss Ratings reissued a “sell (d-)” rating on shares of Applied Digital in a research note on Friday, April 24th. Finally, Lucid Cap Mkts raised shares of Applied Digital to a “strong-buy” rating in a research note on Wednesday. Three research 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 issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $59.11.

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.