Yorktown Management & Research Co Inc Takes $696,000 Position in Applied Digital Corporation $APLD

Yorktown Management & Research Co Inc acquired a new position in shares of Applied Digital Corporation (NASDAQ:APLD) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 30,350 shares of the company’s stock, valued at approximately $696,000.

Other institutional investors also recently bought and sold shares of the company. Hood River Capital Management LLC grew its holdings in Applied Digital by 2.8% in the second quarter. Hood River Capital Management LLC now owns 21,859,031 shares of the company’s stock worth $220,120,000 after purchasing an additional 592,314 shares during the last quarter. Situational Awareness LP grew its stake in Applied Digital by 63.3% during the 2nd quarter. Situational Awareness LP now owns 6,591,800 shares of the company’s stock worth $66,379,000 after buying an additional 2,556,200 shares during the last quarter. BNP Paribas Financial Markets increased its position in Applied Digital by 24,356.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 5,219,565 shares of the company’s stock valued at $52,561,000 after buying an additional 5,198,223 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Applied Digital by 24.0% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,661,296 shares of the company’s stock valued at $26,799,000 after buying an additional 514,896 shares during the last quarter. Finally, HRT Financial LP purchased a new stake in Applied Digital in the second quarter valued at about $14,759,000. 65.67% of the stock is currently owned by institutional investors and hedge funds.

Applied Digital News Summary

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

• Positive Sentiment: MarketBeat ranks APLD as the leading GPU‑as‑a‑Service play for 2026 after a blowout Q4, citing nearly 100% revenue growth, analyst upgrades and advance contracts that suggest the company’s Phase II capacity is largely sold out — a major demand signal for future revenue and margin expansion. The 5 Best GPU-as-a-Service Providers for 2026—And 1 Clear Winner
• Positive Sentiment: Management move: Applied Digital promoted co‑founder Jason Zhang to President, signaling leadership continuity and deeper founder involvement as the company scales data‑center and GPU hosting operations. This supports investor confidence on execution risk. Applied Digital Appoints Co-Founder Jason Zhang as President
• Positive Sentiment: Street momentum: APLD is highlighted in MarketBeat small‑cap features and has seen analysts lift targets and ratings following the quarter, which supports further upside if execution and contract wins continue. 5 Hot Small Caps Setting Up for Big Gains: Buy, Sell, or Hold?
• Neutral Sentiment: Industry/structural analysis: Longer‑term writeups (e.g., Seeking Alpha) discuss a “REIT angle” and capital‑structure considerations for Applied Digital’s asset‑heavy model — useful for evaluating valuation and cash flow durability but not an immediate share‑price catalyst. Applied Digital: The REIT Angle No One Talks About
• Negative Sentiment: Insider selling: Multiple director sales have been disclosed this week — Richard N. Nottenburg sold ~23,606 shares across Jan. 14–15 (SEC Form 4), and Director Douglas Miller sold 10,000 shares earlier — prompting reports of intraday weakness tied to insider activity. Investors often view clustered director sales as a short‑term negative signal even when holders remain large. Nottenburg Form 4 (Insider Sale) Miller Form 4 (Insider Sale)
• Negative Sentiment: Market reaction note: Coverage flagged a short‑term pullback after the insider sales (reports noted a ~1–2% intraday decline tied to the disclosures), underscoring that insider activity can temporarily damp momentum despite strong fundamentals. Applied Digital Trading Down Following Insider Selling

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on APLD shares. Weiss Ratings restated a “sell (d-)” rating on shares of Applied Digital in a research note on Wednesday, October 8th. Lake Street Capital reissued a “buy” rating and set a $45.00 target price on shares of Applied Digital in a research report on Tuesday, December 30th. B. Riley raised their price target on shares of Applied Digital to $53.00 and gave the stock a “buy” rating in a report on Friday, January 9th. Northland Securities reissued an “outperform” rating and set a $40.00 price objective on shares of Applied Digital in a report on Tuesday, December 30th. Finally, Roth Capital upped their target price on Applied Digital to $58.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $33.27.

Insider Activity

In other news, Director Ella G. Benson sold 42,569 shares of Applied Digital stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $35.30, for a total transaction of $1,502,685.70. Following the completion of the transaction, the director directly owned 69,256 shares of the company’s stock, valued at $2,444,736.80. The trade was a 38.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Chuck Hastings sold 25,000 shares of the business’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $34.27, for a total transaction of $856,750.00. Following the completion of the transaction, the director owned 426,612 shares of the company’s stock, valued at approximately $14,619,993.24. This represents a 5.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 526,641 shares of company stock valued at $18,606,039 over the last 90 days. Company insiders own 9.50% of the company’s stock.

Applied Digital Stock Up 6.2%

NASDAQ:APLD opened at $37.40 on Friday. The company has a debt-to-equity ratio of 1.79, a current ratio of 4.82 and a quick ratio of 4.82. The company’s fifty day moving average price is $27.82 and its 200-day moving average price is $22.76. Applied Digital Corporation has a 1-year low of $3.31 and a 1-year high of $40.20. The firm has a market capitalization of $10.46 billion, a P/E ratio of -69.26 and a beta of 6.89.

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