PFG Investments LLC Raises Stock Holdings in Applied Digital Corporation $APLD

PFG Investments LLC increased its stake in shares of Applied Digital Corporation (NASDAQ:APLD) by 50.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,810 shares of the company’s stock after purchasing an additional 19,930 shares during the quarter. PFG Investments LLC’s holdings in Applied Digital were worth $1,372,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Dagco Inc. purchased a new position in Applied Digital in the 3rd quarter valued at about $27,000. Evolution Wealth Management Inc. raised its position in shares of Applied Digital by 101.8% in the third quarter. Evolution Wealth Management Inc. now owns 1,600 shares of the company’s stock valued at $37,000 after buying an additional 807 shares during the last quarter. CoreCap Advisors LLC lifted its stake in shares of Applied Digital by 124.9% during the third quarter. CoreCap Advisors LLC now owns 1,804 shares of the company’s stock valued at $41,000 after buying an additional 1,002 shares during the period. Farther Finance Advisors LLC boosted its position in Applied Digital by 51.8% during the third quarter. Farther Finance Advisors LLC now owns 2,306 shares of the company’s stock worth $53,000 after acquiring an additional 787 shares during the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new stake in Applied Digital in the 2nd quarter worth approximately $25,000. Institutional investors and hedge funds own 65.67% of the company’s stock.

Key Stories Impacting Applied Digital

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

• Positive Sentiment: Unusually large call-option activity: Traders bought ~164,196 APLD call options on Friday (≈36% above typical call volume), signaling heightened bullish positioning that can amplify upward price moves.
• Positive Sentiment: Delta Forge 1 groundbreak — capacity expansion: Applied Digital announced it has broken ground on Delta Forge 1, a campus designed for 430 MW total utility power (initially enabling ~300 MW IT load) to serve hyperscalers and AI workloads. This materially increases future revenue capacity and supports the company’s long-term AI infrastructure thesis. Delta Forge 1 groundbreak
• Positive Sentiment: Analyst upgrade: Texas Capital upgraded APLD to a “strong-buy,” which can attract additional institutional interest and support higher valuation expectations. Analyst upgrade
• Neutral Sentiment: Macro/strategic analysis: A Seeking Alpha piece frames Applied Digital as a fast-growing AI data-center operator with meaningful pipeline (cited ~$16B prospective lease revenue across 600 MW) but notes the business is at a “sensitive juncture”—highlighting growth potential alongside execution and financing risk. Seeking Alpha analysis
• Neutral Sentiment: Earnings transcripts available: Recent Q4 2024 and Q2 2025 earnings transcripts were published; prior quarter showed strong revenue growth (reported +250% YoY) but an EPS miss and negative margins — data investors will parse for guidance, unit economics and customer/booking details. Q4 transcript: Q4 2024 transcript — Q2 transcript: Q2 2025 transcript
• Negative Sentiment: Caution from media personality: Jim Cramer mentioned APLD and urged investors to “take profits,” a short-term bearish sentiment that can trigger profit-taking among retail holders. Jim Cramer take-profits remark

Insider Buying and Selling

In related news, Director Chuck Hastings sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $35.69, for a total transaction of $1,784,500.00. Following the sale, the director directly owned 451,612 shares in the company, valued at approximately $16,118,032.28. This trade represents a 9.97% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ella G. Benson sold 42,569 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $35.30, for a total value of $1,502,685.70. Following the transaction, the director directly owned 69,256 shares in the company, valued at $2,444,736.80. This trade represents a 38.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 368,053 shares of company stock valued at $13,251,886 over the last ninety days. Insiders own 9.50% of the company’s stock.

Applied Digital Price Performance

APLD opened at $37.69 on Friday. Applied Digital Corporation has a 52-week low of $3.31 and a 52-week high of $40.20. The company has a 50 day moving average of $28.76 and a two-hundred day moving average of $23.67. The company has a market cap of $10.54 billion, a P/E ratio of -69.80 and a beta of 6.89. The company has a quick ratio of 4.82, a current ratio of 4.82 and a debt-to-equity ratio of 1.79.

Applied Digital (NASDAQ:APLD) last posted its earnings results on Wednesday, January 7th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.02). Applied Digital had a negative net margin of 43.49% and a negative return on equity of 13.53%. The business had revenue of $126.59 million for the quarter, compared to analyst estimates of $82.22 million. During the same quarter in the previous year, the firm posted ($0.06) EPS. The business’s revenue was up 250.1% compared to the same quarter last year. On average, analysts expect that Applied Digital Corporation will post -0.96 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on APLD. Craig Hallum increased their price target on Applied Digital to $39.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Freedom Capital upgraded Applied Digital to a “strong-buy” rating in a research report on Tuesday, January 6th. Citigroup restated an “outperform” rating on shares of Applied Digital in a report on Tuesday, December 30th. Texas Capital upgraded shares of Applied Digital to a “strong-buy” rating in a report on Tuesday, January 20th. Finally, Lake Street Capital reissued a “buy” rating and issued a $45.00 target price on shares of Applied Digital in a research report on Tuesday, December 30th. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $33.27.

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.