Cambridge Investment Research Advisors Inc. Has $5.47 Million Stock Holdings in Applied Digital Corporation $APLD

Cambridge Investment Research Advisors Inc. grew its stake in shares of Applied Digital Corporation (NASDAQ:APLD) by 39.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 146,633 shares of the company’s stock after purchasing an additional 41,562 shares during the period. Cambridge Investment Research Advisors Inc. owned about 0.05% of Applied Digital worth $5,469,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of APLD. Vanguard Group Inc. raised its holdings in Applied Digital by 36.4% during the 4th quarter. Vanguard Group Inc. now owns 24,168,082 shares of the company’s stock worth $592,601,000 after buying an additional 6,445,908 shares during the period. Value Aligned Research Advisors LLC acquired a new position in shares of Applied Digital in the fourth quarter worth about $138,380,000. Situational Awareness LP boosted its holdings in shares of Applied Digital by 87.0% in the fourth quarter. Situational Awareness LP now owns 11,339,060 shares of the company’s stock worth $278,034,000 after buying an additional 5,274,905 shares during the period. BNP Paribas Financial Markets increased its position in shares of Applied Digital by 24,356.8% in the second quarter. BNP Paribas Financial Markets now owns 5,219,565 shares of the company’s stock worth $52,561,000 after acquiring an additional 5,198,223 shares in the last quarter. Finally, Marex Group plc increased its position in shares of Applied Digital by 38,484.6% in the fourth quarter. Marex Group plc now owns 3,904,759 shares of the company’s stock worth $95,745,000 after acquiring an additional 3,894,639 shares in the last quarter. Institutional investors and hedge funds own 65.67% of the company’s stock.

Applied Digital Trading Down 1.7%

NASDAQ APLD opened at $30.62 on Friday. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 2.88. Applied Digital Corporation has a 1-year low of $13.16 and a 1-year high of $50.72. The firm’s fifty day simple moving average is $34.20 and its 200-day simple moving average is $33.92. The company has a market capitalization of $8.92 billion, a PE ratio of -34.40 and a beta of 5.75.

Applied Digital (NASDAQ:APLD) last released its quarterly earnings data on Monday, July 27th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.30). Applied Digital had a negative net margin of 37.78% and a negative return on equity of 16.42%. The firm had revenue of $240.35 million for the quarter, compared to analyst estimates of $96.85 million. During the same period in the previous year, the business posted ($0.24) EPS. Applied Digital’s revenue for the quarter was up 406.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Applied Digital Corporation will post -1.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Compass Point restated a “buy” rating and issued a $70.00 price target on shares of Applied Digital in a research report on Friday, May 22nd. Needham & Company LLC reissued a “buy” rating and set a $83.00 target price on shares of Applied Digital in a research note on Tuesday, July 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Applied Digital in a report on Tuesday, July 21st. Roth Capital reiterated a “buy” rating and set a $65.00 price target on shares of Applied Digital in a report on Thursday, April 23rd. Finally, Citizens Jmp lifted their price target on Applied Digital from $40.00 to $60.00 and gave the company a “market outperform” rating in a report on Thursday, May 21st. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Applied Digital has an average rating of “Moderate Buy” and an average target price of $68.15.

Key Applied Digital News

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

• Positive Sentiment: Strong demand for AI computing capacity lifted shares of several data-center and neocloud companies, including CoreWeave, Nebius and Super Micro. The sector rally reinforces the potential market opportunity for Applied Digital’s AI-focused data-center business. CoreWeave Jumps 18% as AI Capacity Sells Out
• Positive Sentiment: A report on Riot Platforms’ proposed 20-year, $9.1 billion Anthropic data-center lease highlights how large technology customers are committing substantial capital to AI infrastructure. The development is a favorable read-through for data-center operators such as Applied Digital, although the agreement involves Riot rather than APLD. Riot Platforms Re-Wires the Ledger for a $9B AI Power Play
• Neutral Sentiment: Applied Digital is expected to report earnings Thursday, giving investors a near-term catalyst. Markets will likely focus on data-center bookings, project funding, revenue growth and progress in converting AI demand into profitable operations. Applied Digital to Release Earnings on Thursday
• Negative Sentiment: Zacks added Applied Digital to its Rank #5, or “Strong Sell,” list, creating an additional source of selling pressure and signaling deteriorating analyst expectations. New Strong Sell Stocks for August 13th
• Negative Sentiment: Analysts cited heavy capital requirements, high debt, intensifying competition, weaker earnings estimates and an elevated valuation after APLD’s substantial one-year rally. These concerns suggest investors may be questioning whether future AI growth can justify the company’s risk profile. APLD Surges 101% in a Year: Should You Buy, Sell or Hold the Stock?

Insider Activity

In other news, Director Richard N. Nottenburg sold 75,000 shares of Applied Digital stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $31.15, for a total transaction of $2,336,250.00. Following the completion of the sale, the director directly owned 133,378 shares in the company, valued at $4,154,724.70. The trade was a 35.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 9.50% of the stock is currently 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.