Applied Digital Corporation $APLD is Situational Awareness LP’s 6th Largest Position

Situational Awareness LP increased its position in Applied Digital Corporation (NASDAQ:APLD) by 18.9% in the 1st quarter, Holdings Channel reports. The firm owned 13,478,438 shares of the company’s stock after buying an additional 2,139,378 shares during the period. Applied Digital makes up 2.3% of Situational Awareness LP’s holdings, making the stock its 6th biggest holding. Situational Awareness LP’s holdings in Applied Digital were worth $319,978,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Albion Financial Group UT acquired a new position in Applied Digital during the fourth quarter worth approximately $25,000. Activest Wealth Management purchased a new stake in Applied Digital in the fourth quarter valued at approximately $25,000. Ameriflex Group Inc. acquired a new stake in shares of Applied Digital in the fourth quarter valued at approximately $25,000. McMillan Office Inc. acquired a new stake in shares of Applied Digital in the fourth quarter valued at approximately $25,000. Finally, Larson Financial Group LLC grew its position in shares of Applied Digital by 56,450.0% during the third quarter. Larson Financial Group LLC now owns 1,131 shares of the company’s stock worth $26,000 after acquiring an additional 1,129 shares during the last quarter. 65.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Applied Digital in a report on Tuesday, July 21st. Citizens Jmp raised their price objective on shares of Applied Digital from $40.00 to $60.00 and gave the stock a “market outperform” rating in a research report on Thursday, May 21st. Wall Street Zen downgraded shares of Applied Digital from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Northland Securities set a $82.00 price objective on shares of Applied Digital and gave the company an “outperform” rating in a research note on Wednesday, June 17th. Finally, Lucid Cap Mkts raised shares of Applied Digital to a “strong-buy” rating in a report on Wednesday, May 27th. Three research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $67.15.

Key Stories Impacting Applied Digital

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

• Positive Sentiment: Fiscal fourth-quarter revenue surged approximately 407% year over year to about $258.7 million, exceeding analyst expectations. Growth was driven by high-performance computing, AI data-center demand and tenant fit-out services. Applied Digital Tops Quarterly Revenue Estimates
• Positive Sentiment: Management highlighted expanding demand from AI customers, including CoreWeave, and reported approximately 1.4 gigawatts of contracted AI capacity across five campuses. Contracted lease value reportedly reached $36 billion, supporting the company’s growth narrative. Applied Digital Expects $1 Billion NOI Run Rate
• Positive Sentiment: The company is targeting a $1 billion annual net operating income run rate within roughly one year and said it secured financing intended to support additional AI data-center expansion. Needham reaffirmed its Buy rating and assigned an $83 price target, providing bullish analyst support. Needham Reiterates Buy Rating
• Neutral Sentiment: Adjusted quarterly earnings were reported at approximately $0.04 per share, ahead of expectations for a loss, but the result benefited in part from tenant fit-out activity and does not eliminate the company’s ongoing investment requirements. Applied Digital Revenue Quadruples
• Negative Sentiment: On a GAAP basis, Applied Digital reported a loss of $0.39 per share, substantially worse than the expected $0.09 loss. The company continues to post negative net margins and negative return on equity. Applied Digital Earnings Results
• Negative Sentiment: Investors remain concerned about financing needs, leverage and execution risk as Applied Digital builds expensive AI campuses. These concerns may be limiting the stock’s reaction despite the strong revenue growth.

Insider Transactions at Applied Digital

In related news, Director Richard N. Nottenburg sold 12,500 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $34.59, for a total value of $432,375.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available at this link. 9.50% of the stock is owned by corporate insiders.

Applied Digital Stock Up 0.9%

Shares of Applied Digital stock opened at $26.62 on Wednesday. The company has a market cap of $7.61 billion, a P/E ratio of -29.91 and a beta of 5.67. 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 one year low of $9.79 and a one year high of $50.72. The firm has a fifty day moving average of $38.34 and a two-hundred day moving average of $34.52.

Applied Digital (NASDAQ:APLD) last issued its 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 net margin of 37.78% and a negative return on equity of 17.53%. The firm had revenue of $240.35 million during the quarter, compared to analysts’ expectations of $96.85 million. During the same period in the previous year, the firm earned ($0.24) EPS. The firm’s revenue was up 406.3% on a year-over-year basis. On average, analysts forecast that Applied Digital Corporation will post -1.1 earnings per share for the current 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.