117,790 Shares in Applied Digital Corporation $APLD Bought by CenterBook Partners LP

CenterBook Partners LP purchased a new stake in Applied Digital Corporation (NASDAQ:APLD) during the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 117,790 shares of the company’s stock, valued at approximately $2,871,000.

Other hedge funds also recently made changes to their positions in the company. FNY Investment Advisers LLC purchased a new stake in shares of Applied Digital during the 2nd quarter valued at $37,000. Bartlett & CO. Wealth Management LLC increased its holdings in shares of Applied Digital by 244.3% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 1,205 shares of the company’s stock worth $29,000 after buying an additional 855 shares during the last quarter. Ancora Advisors LLC purchased a new position in shares of Applied Digital in the 2nd quarter worth $56,000. Creative Financial Designs Inc. ADV raised its position in shares of Applied Digital by 691.8% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 1,536 shares of the company’s stock worth $57,000 after buying an additional 1,342 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Applied Digital by 28.5% in the 2nd quarter. GAMMA Investing LLC now owns 2,092 shares of the company’s stock worth $78,000 after buying an additional 464 shares during the period. Institutional investors and hedge funds own 65.67% of the company’s stock.

Applied Digital News Summary

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

• Positive Sentiment: APLD participated in a broader data-center stock rebound after a rival said its targeted annualized revenue of more than $4 billion was fully funded. The news may have improved sentiment toward the sector, though Applied Digital still needs to secure financing for roughly 800 megawatts of planned capacity over the next 12 months. Read More.
• Positive Sentiment: Applied Digital’s CEO was reported to have bought company shares after the stock’s decline, a potential signal of confidence from an insider. Read More.
• Neutral Sentiment: The company held its 2026 annual stockholder meeting; the brief announcement did not describe a major new business development. Read More.
• Negative Sentiment: The rebound follows a roughly 39% decline over the past month and a 40.6% drop since its latest earnings report, as investors have sold off AI data-center and infrastructure stocks. Read More.
• Negative Sentiment: Concerns about a proposed Texas pause on new data-center approvals intensified the sector selloff, even though Applied Digital’s signed leases are outside Texas. The episode highlights regulatory risk and broad investor sensitivity to data-center projects. Read More.

Analysts Set New Price Targets

A number of brokerages recently weighed in on APLD. Citigroup reiterated a “market outperform” rating on shares of Applied Digital in a report on Thursday, October 8th. Roth Capital set a $35.00 price target on Applied Digital and gave the stock a “buy” rating in a research note on Wednesday, October 21st. B. Riley Financial cut their price objective on Applied Digital from $75.00 to $51.00 and set a “buy” rating on the stock in a report on Friday, October 30th. UBS Group reaffirmed a “buy” rating on shares of Applied Digital in a research note on Thursday, October 8th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Applied Digital in a research note on Monday, October 19th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Applied Digital has an average rating of “Moderate Buy” and a consensus target price of $57.75.

Applied Digital Price Performance

Applied Digital stock opened at $15.55 on Friday. Applied Digital Corporation has a 52-week low of $13.11 and a 52-week high of $50.72. The firm has a fifty day moving average of $22.92 and a 200-day moving average of $30.85. The firm has a market capitalization of $4.70 billion, a P/E ratio of -9.48 and a beta of 5.58. The company has a quick ratio of 2.56, a current ratio of 2.56 and a debt-to-equity ratio of 3.90.

Applied Digital (NASDAQ:APLD) last issued its earnings results on Wednesday, October 7th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.29. The business had revenue of $300.39 million for the quarter, compared to the consensus estimate of $116.29 million. Applied Digital had a negative net margin of 51.28% and a negative return on equity of 27.21%. The business’s revenue for the quarter was up 367.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.03) EPS. As a group, analysts predict that Applied Digital Corporation will post -2.17 EPS for the current year.

Insider Activity at Applied Digital

In related news, CEO Wes Cummins acquired 55,803 shares of Applied Digital stock in a transaction on Friday, October 16th. The shares were bought at an average price of $18.04 per share, for a total transaction of $1,006,686.12. Following the completion of the purchase, the chief executive officer directly owned 5,874,453 shares in the company, valued at $105,975,132.12. This trade represents a 0.96% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Jason Gechen Zhang bought 300,000 shares of the firm’s stock in a transaction dated Friday, October 16th. The stock was bought at an average cost of $18.86 per share, with a total value of $5,658,000.00. Following the transaction, the president directly owned 2,839,227 shares of the company’s stock, valued at approximately $53,547,821.22. This trade represents a 11.81% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 9.50% of the stock is owned by insiders.

About Applied Digital

Applied Digital Corporation (NASDAQ: APLD) develops and operates digital infrastructure designed to support high-performance computing and artificial intelligence applications. The company provides data-center capacity, hosting services and related infrastructure for customers that require substantial computing power and energy resources.

Its business includes high-performance computing data centers and cloud services intended to support artificial intelligence, machine learning, cryptocurrency mining and other compute-intensive workloads.