Y Intercept Hong Kong Ltd Sells 125,344 Shares of Applied Digital Corporation $APLD

Y Intercept Hong Kong Ltd cut its holdings in shares of Applied Digital Corporation (NASDAQ:APLD) by 22.4% during the third quarter, Holdings Channel.com reports. The fund owned 433,973 shares of the company’s stock after selling 125,344 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Applied Digital were worth $9,955,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Atlantic Union Bankshares Corp purchased a new position in shares of Applied Digital in the second quarter valued at $25,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Applied Digital during the second quarter valued at $26,000. Dagco Inc. bought a new position in Applied Digital during the third quarter valued at $27,000. Evolution Wealth Management Inc. grew its stake in shares of Applied Digital by 101.8% in the 3rd quarter. Evolution Wealth Management Inc. now owns 1,600 shares of the company’s stock worth $37,000 after buying an additional 807 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Applied Digital by 113.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 6,667 shares of the company’s stock worth $37,000 after buying an additional 3,542 shares during the last quarter. 65.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on APLD. B. Riley increased their price target on shares of Applied Digital to $53.00 and gave the company a “buy” rating in a report on Friday, January 9th. Needham & Company LLC restated a “buy” rating and set a $41.00 price objective on shares of Applied Digital in a research report on Thursday, January 8th. HC Wainwright lifted their target price on Applied Digital from $20.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Roth Mkm boosted their target price on Applied Digital to $58.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Finally, Texas Capital upgraded Applied Digital to a “strong-buy” rating in a report on Tuesday. Three 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. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $33.27.

Applied Digital Stock Up 8.5%

NASDAQ:APLD opened at $37.69 on Friday. The company has a market cap of $10.54 billion, a price-to-earnings ratio of -69.80 and a beta of 6.89. Applied Digital Corporation has a twelve month low of $3.31 and a twelve month high of $40.20. The company has a current ratio of 4.82, a quick ratio of 4.82 and a debt-to-equity ratio of 1.79. The stock has a fifty day simple moving average of $28.76 and a 200-day simple moving average of $23.56.

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

Insiders Place Their Bets

In related news, Director Richard N. Nottenburg sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $35.45, for a total value of $425,400.00. Following the completion of the sale, the director owned 233,378 shares in the company, valued at approximately $8,273,250.10. The trade was a 4.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Chuck Hastings sold 50,000 shares of the firm’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $35.69, for a total value of $1,784,500.00. Following the transaction, the director owned 451,612 shares in the company, valued at $16,118,032.28. The trade was a 9.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 368,053 shares of company stock worth $13,251,886. 9.50% of the stock is owned by company insiders.

Key Stories Impacting Applied Digital

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

• Positive Sentiment: Unusually large call-option activity: Traders bought ~164,196 APLD call options on Friday (≈36% above typical call volume), signaling heightened bullish positioning that can amplify upward price moves.
• Positive Sentiment: Delta Forge 1 groundbreak — capacity expansion: Applied Digital announced it has broken ground on Delta Forge 1, a campus designed for 430 MW total utility power (initially enabling ~300 MW IT load) to serve hyperscalers and AI workloads. This materially increases future revenue capacity and supports the company’s long-term AI infrastructure thesis. Delta Forge 1 groundbreak
• Positive Sentiment: Analyst upgrade: Texas Capital upgraded APLD to a “strong-buy,” which can attract additional institutional interest and support higher valuation expectations. Analyst upgrade
• Neutral Sentiment: Macro/strategic analysis: A Seeking Alpha piece frames Applied Digital as a fast-growing AI data-center operator with meaningful pipeline (cited ~$16B prospective lease revenue across 600 MW) but notes the business is at a “sensitive juncture”—highlighting growth potential alongside execution and financing risk. Seeking Alpha analysis
• Neutral Sentiment: Earnings transcripts available: Recent Q4 2024 and Q2 2025 earnings transcripts were published; prior quarter showed strong revenue growth (reported +250% YoY) but an EPS miss and negative margins — data investors will parse for guidance, unit economics and customer/booking details. Q4 transcript: Q4 2024 transcript — Q2 transcript: Q2 2025 transcript
• Negative Sentiment: Caution from media personality: Jim Cramer mentioned APLD and urged investors to “take profits,” a short-term bearish sentiment that can trigger profit-taking among retail holders. Jim Cramer take-profits remark

Applied Digital Company 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.