State of New Jersey Common Pension Fund D Buys New Position in Applied Digital Corporation $APLD

State of New Jersey Common Pension Fund D bought a new stake in Applied Digital Corporation (NASDAQ:APLD) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 134,880 shares of the company’s stock, valued at approximately $3,094,000.

Other large investors also recently modified their holdings of the company. Voya Investment Management LLC boosted its stake in Applied Digital by 403.4% during the third quarter. Voya Investment Management LLC now owns 1,464,909 shares of the company’s stock worth $33,605,000 after buying an additional 1,173,929 shares in the last quarter. Federated Hermes Inc. bought a new position in shares of Applied Digital during the 3rd quarter worth about $3,204,000. AlphaQuest LLC acquired a new stake in shares of Applied Digital during the 3rd quarter valued at about $1,369,000. Kovack Advisors Inc. bought a new stake in Applied Digital in the second quarter valued at about $116,000. Finally, Two Seas Capital LP bought a new stake in Applied Digital in the second quarter valued at about $5,035,000. 65.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Needham & Company LLC restated a “buy” rating and set a $41.00 price target on shares of Applied Digital in a research note on Thursday, January 8th. Citigroup restated an “outperform” rating on shares of Applied Digital in a research report on Wednesday, January 28th. Northland Securities set a $56.00 price target on Applied Digital in a research report on Wednesday, January 28th. Lake Street Capital reiterated a “buy” rating and set a $45.00 price objective on shares of Applied Digital in a research note on Tuesday, December 30th. Finally, Arete Research started coverage on Applied Digital in a report on Wednesday, January 7th. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $37.00.

Applied Digital Stock Down 7.9%

NASDAQ APLD opened at $29.04 on Friday. The stock’s 50 day simple moving average is $32.01 and its 200 day simple moving average is $26.94. Applied Digital Corporation has a one year low of $3.31 and a one year high of $42.27. The firm has a market cap of $8.12 billion, a PE ratio of -53.78 and a beta of 7.25. The company has a debt-to-equity ratio of 1.79, a current ratio of 4.82 and a quick ratio of 4.82.

Applied Digital News Roundup

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

• Positive Sentiment: Broader AI spending trends remain a potential tailwind for Applied Digital’s neocloud/data‑center business — analysts expect large increases in AI infrastructure budgets in 2026 that could support long‑term demand for specialized cloud capacity. AI Spending Is Poised to Hit $700 Billion in 2026
• Neutral Sentiment: Short‑interest reports show anomalous/zero values and a 0.0 days-to-cover reading (likely a data/reporting glitch), so there’s no clear evidence of a rising coordinated short position driving the move. Monitor later filings for a reliable signal.
• Neutral Sentiment: Commentary about volatility and “volatile stocks” highlights that APLD’s high beta makes it prone to sharp swings — this is a reminder that both downside and upside moves can be amplified regardless of fundamentals. 3 Volatile Stocks That Fall Short
• Negative Sentiment: NVIDIA sold its Applied Digital position in its Q4 13F filing and publicly exited an ARM stake — the sale of APLD was highlighted by multiple outlets and is being read as reduced institutional confidence relative to NVIDIA’s continued holdings in other neocloud peers. That 13F disclosure triggered selling pressure and negative sentiment around APLD. NVIDIA’s 13F Bombshell: A New AI Power Trio Emerges
• Negative Sentiment: Market articles reporting that APLD dropped after NVIDIA’s disposal amplified the move; news pieces cited a multi‑day losing streak and direct links between NVIDIA’s divestiture and APLD’s decline. Applied Digital (APLD) Loses 4.9% as Nvidia Disposes of Shares MSN: Applied Digital loses 4.9%

Insiders Place Their Bets

In other Applied Digital news, CEO Wes Cummins sold 165,000 shares of the business’s stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $36.42, for a total value of $6,009,300.00. Following the completion of the transaction, the chief executive officer directly owned 4,176,329 shares of the company’s stock, valued at approximately $152,101,902.18. The trade was a 3.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Chuck Hastings sold 45,987 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $38.57, for a total transaction of $1,773,718.59. Following the transaction, the director owned 388,372 shares in the company, valued at $14,979,508.04. The trade was a 10.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 244,593 shares of company stock valued at $9,003,278. 9.50% of the stock is owned by corporate insiders.

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.