SummitTX Capital L.P. Purchases 30,220 Shares of Applied Digital Corporation $APLD

SummitTX Capital L.P. grew its position in Applied Digital Corporation (NASDAQ:APLD) by 100.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 60,217 shares of the company’s stock after buying an additional 30,220 shares during the period. SummitTX Capital L.P.’s holdings in Applied Digital were worth $1,430,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in 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 acquiring an additional 6,445,908 shares in the last quarter. Value Aligned Research Advisors LLC bought a new stake in shares of Applied Digital in the fourth quarter worth about $138,380,000. Situational Awareness LP increased its holdings in shares of Applied Digital by 87.0% in the fourth quarter. Situational Awareness LP now owns 11,339,060 shares of the company’s stock worth $278,034,000 after acquiring an additional 5,274,905 shares in the last quarter. BNP Paribas Financial Markets raised its position 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. Finally, Marex Group plc lifted its holdings in shares of Applied Digital by 38,484.6% during the 4th quarter. Marex Group plc now owns 3,904,759 shares of the company’s stock valued at $95,745,000 after purchasing an additional 3,894,639 shares in the last quarter. Institutional investors own 65.67% of the company’s stock.

Analyst Ratings Changes

APLD has been the subject of several research analyst reports. Lake Street Capital boosted their price objective on Applied Digital from $70.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Applied Digital in a report on Tuesday, July 21st. Morgan Stanley started coverage on shares of Applied Digital in a research note on Thursday, July 23rd. They issued a “buy” rating and a $36.50 price target on the stock. Citigroup reiterated a “market outperform” rating on shares of Applied Digital in a report on Tuesday, June 9th. Finally, Zacks Research raised shares of Applied Digital from a “strong sell” rating to a “hold” rating in a research report on Monday. Three research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Applied Digital has an average rating of “Buy” and an average price target of $67.15.

Applied Digital News Summary

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

• Positive Sentiment: Fiscal fourth-quarter revenue rose approximately 407% year over year to about $258.7 million, exceeding consensus estimates. Adjusted earnings were reported at $0.04 per share, compared with expectations for a loss, reflecting strong demand for AI-focused data-center capacity. Applied Digital revenue quadruples on AI data center demand
• Positive Sentiment: Management said contracted lease value reached $36 billion, up 125% year over year, while contracted AI capacity reached roughly 1.4 gigawatts across five campuses. The company is targeting a $1 billion annual net operating income run rate within a year, supported by hyperscaler customers such as CoreWeave. Applied Digital expects $1B NOI run rate
• Positive Sentiment: Needham reaffirmed its “buy” rating and $83 price target, while Zacks Research upgraded the stock from “strong sell” to “hold,” offering some support for the long-term growth case. Needham reiterates buy rating
• Neutral Sentiment: Applied Digital is expanding capacity and pursuing lower-cost financing, but power availability and the need to secure new generation remain important constraints on the pace and cost of future growth.
• Negative Sentiment: Despite the revenue beat, the company’s reported loss was significantly wider than expected. The latest results included a loss of $0.39 per share versus consensus for a $0.09 loss, keeping profitability concerns at the forefront.
• Negative Sentiment: Investors are also selling data-center stocks broadly: Applied Digital, IREN and TeraWulf have each lost roughly one-third over the past month. The decline reflects concerns about high valuations, capital requirements, financing risk and whether projected AI infrastructure demand will translate into sustainable returns. Data-center stock selloff analysis

Applied Digital Trading Down 12.8%

NASDAQ APLD opened at $23.22 on Thursday. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of -26.09 and a beta of 5.67. The stock’s 50 day moving average price is $38.01 and its two-hundred day moving average price is $34.46. 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 52 week low of $9.79 and a 52 week high of $50.72.

Applied Digital (NASDAQ:APLD) last issued its quarterly earnings results on Monday, July 27th. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.30). Applied Digital had a negative return on equity of 17.53% and a negative net margin of 37.78%.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 business earned ($0.24) earnings per share. Applied Digital’s revenue was up 406.3% compared to the same quarter last year. As a group, analysts anticipate that Applied Digital Corporation will post -1.1 earnings per share for the current fiscal 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.