Equitec Proprietary Markets LLC Invests $312.35 Million in Applied Digital Corporation $APLD

Equitec Proprietary Markets LLC bought a new stake in shares of Applied Digital Corporation (NASDAQ:APLD) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 8,373,964 shares of the company’s stock, valued at approximately $312,349,000. Applied Digital comprises approximately 55.8% of Equitec Proprietary Markets LLC’s holdings, making the stock its largest position.

Several other institutional investors also recently bought and sold shares of APLD. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Applied Digital by 32.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 581,255 shares of the company’s stock worth $21,681,000 after purchasing an additional 143,308 shares in the last quarter. Fulcrum Asset Management LLP bought a new position in shares of Applied Digital during the 2nd quarter valued at about $425,000. Equitable Holdings Inc. grew its position in shares of Applied Digital by 9.1% during the second quarter. Equitable Holdings Inc. now owns 71,293 shares of the company’s stock valued at $2,659,000 after purchasing an additional 5,976 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Applied Digital during the second quarter valued at about $2,708,000. Finally, Capstone Investment Advisors LLC bought a new stake in shares of Applied Digital in the second quarter worth about $953,000. 65.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on APLD shares. Needham & Company LLC reiterated a “buy” rating and issued a $83.00 target price on shares of Applied Digital in a research report on Tuesday, July 28th. Zacks Research downgraded Applied Digital from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Lucid Cap Mkts raised Applied Digital to a “strong-buy” rating in a report on Wednesday, May 27th. Wall Street Zen cut Applied Digital from a “sell” rating to a “strong sell” rating in a report on Sunday. Finally, Compass Point reiterated a “buy” rating and set a $70.00 target price on shares of Applied Digital in a research report on Friday, May 22nd. Three investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Applied Digital presently has a consensus rating of “Moderate Buy” and an average price target of $68.15.

Insider Buying and Selling

In other news, Director Richard N. Nottenburg sold 75,000 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $31.15, for a total value of $2,336,250.00. Following the completion of the sale, the director owned 133,378 shares in the company, valued at approximately $4,154,724.70. The trade was a 35.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 9.50% of the company’s stock.

Applied Digital Stock Performance

Applied Digital stock opened at $25.34 on Friday. The company has a debt-to-equity ratio of 2.88, a current ratio of 4.01 and a quick ratio of 4.01. The firm has a market capitalization of $7.39 billion, a P/E 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 company’s 50-day moving average is $30.86 and its 200 day moving average is $33.36.

Applied Digital (NASDAQ:APLD) last released its earnings results on Monday, July 27th. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.30). Applied Digital had a negative net margin of 37.78% and a negative return on equity of 16.42%. The business 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) EPS. The company’s quarterly revenue was up 406.3% compared to the same quarter last year. Research analysts forecast that Applied Digital Corporation will post -1.09 EPS for the current year.

Key Stories 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.