International Assets Investment Management LLC Makes New $1.41 Million Investment in Applied Digital Corporation $APLD

International Assets Investment Management LLC acquired a new position in shares of Applied Digital Corporation (NASDAQ:APLD) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 57,520 shares of the company’s stock, valued at approximately $1,410,000.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Applied Digital by 36.4% during the fourth quarter. Vanguard Group Inc. now owns 24,168,082 shares of the company’s stock worth $592,601,000 after purchasing an additional 6,445,908 shares during the period. Situational Awareness LP increased its holdings in shares of Applied Digital by 63.3% during the second quarter. Situational Awareness LP now owns 6,591,800 shares of the company’s stock worth $66,379,000 after purchasing an additional 2,556,200 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Applied Digital by 24,356.8% during the second quarter. BNP Paribas Financial Markets now owns 5,219,565 shares of the company’s stock worth $52,561,000 after purchasing an additional 5,198,223 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Applied Digital by 20.2% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,199,135 shares of the company’s stock worth $73,388,000 after purchasing an additional 537,839 shares during the period. Finally, Two Sigma Investments LP bought a new position in shares of Applied Digital during the third quarter worth approximately $69,535,000. 65.67% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Applied Digital news, Director Richard N. Nottenburg sold 12,500 shares of the firm’s stock in a transaction that occurred 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 sale, the director owned 208,378 shares in the company, valued at $7,207,795.02. This trade represents a 5.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Douglas S. Miller sold 10,000 shares of the firm’s stock in a transaction that occurred 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 owned 184,859 shares in the company, valued at $6,466,367.82. This represents a 5.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 35,000 shares of company stock worth $1,182,175 in the last 90 days. Company insiders own 9.50% of the company’s stock.

Applied Digital Stock Performance

Shares of NASDAQ:APLD opened at $41.25 on Friday. The company’s 50 day simple moving average is $28.99 and its 200 day simple moving average is $30.13. The stock has a market capitalization of $11.79 billion, a price-to-earnings ratio of -55.74 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 $5.13 and a 1 year high of $44.25.

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). The firm had revenue of $108.55 million during the quarter, compared to the consensus estimate of $78.47 million. Applied Digital had a negative net margin of 52.84% and a negative return on equity of 15.91%. The business’s revenue was up 139.3% compared to the same quarter last year. During the same period last year, the business earned ($0.08) earnings per share. As a group, research analysts predict that Applied Digital Corporation will post -0.52 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Citigroup reaffirmed an “outperform” rating on shares of Applied Digital in a report on Wednesday, January 28th. Texas Capital raised shares of Applied Digital to a “strong-buy” rating in a report on Tuesday, January 20th. Wall Street Zen cut shares of Applied Digital from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. B. Riley Financial raised their target price on shares of Applied Digital to $53.00 and gave the stock a “buy” rating in a report on Friday, January 9th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Applied Digital in a research note on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $44.33.

Trending Headlines about Applied Digital

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

• Positive Sentiment: Applied Digital’s share price is being supported by continued momentum after its latest earnings report, with traders focusing on the company’s strong revenue growth and expectations tied to its AI/data center expansion. Why Is Applied Digital Corporation (APLD) Up 62.4% Since Last Earnings Report?
• Positive Sentiment: Analyst coverage remains favorable, with consensus ratings pointing to a “Moderate Buy,” which can help reinforce bullish sentiment around the stock. Applied Digital Corporation (NASDAQ:APLD) Given Consensus Recommendation of “Moderate Buy” by Analysts
• Positive Sentiment: Coverage highlighting Applied Digital’s move to all-time highs and its role in the AI data center buildout is adding to the market’s bullish narrative. APLD breaks to all-time highs: How to trade the AI data center buildout right now
• Neutral Sentiment: Applied Digital finalized the ChronoScale spin-off and retained control, a structural update that may reshape the business but does not yet clearly signal an immediate earnings impact. Applied Digital Finalizes ChronoScale Spin-Off and Retains Control
• Neutral Sentiment: Comparisons with another financial services company are largely informational and are unlikely to be a major driver of APLD’s stock price. Critical Comparison: Applied Digital (NASDAQ:APLD) vs. Freedom (NASDAQ:FRHC)
• Negative Sentiment: The ChronoScale spin-off also creates some uncertainty around how value will be allocated between the remaining business and the new listing, which can temper enthusiasm for some investors. CHRN Stock Just Started Trading as Applied Digital Spins Off ChronoScale. How to Play Shares Here.

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.