Sei Investments Co. Has $25.96 Million Stock Position in Applied Digital Corporation $APLD

Sei Investments Co. raised its holdings in Applied Digital Corporation (NASDAQ:APLD) by 33.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,093,701 shares of the company’s stock after buying an additional 271,618 shares during the quarter. Sei Investments Co.’s holdings in Applied Digital were worth $25,964,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cannon Capital Management Inc. bought a new stake in shares of Applied Digital during the fourth quarter worth about $3,635,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Applied Digital in the 4th quarter valued at about $2,674,000. Prime Capital Investment Advisors LLC acquired a new position in Applied Digital during the 4th quarter valued at about $1,284,000. M&T Bank Corp acquired a new position in Applied Digital during the 4th quarter valued at about $2,232,000. Finally, TFR Capital LLC. bought a new stake in Applied Digital during the 4th quarter worth approximately $1,741,000. 65.67% of the stock is currently owned by institutional investors.

Key Applied Digital News

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 Buying and Selling at Applied Digital

In other news, Director Richard N. Nottenburg sold 12,500 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $34.59, for a total transaction 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 9.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on APLD shares. Needham & Company LLC reiterated a “buy” rating and set a $83.00 price target on shares of Applied Digital in a report on Tuesday. Citizens Jmp lifted their price objective on shares of Applied Digital from $40.00 to $60.00 and gave the stock a “market outperform” rating in a report on Thursday, May 21st. B. Riley Financial reiterated a “buy” rating and issued a $66.00 target price (up from $53.00) on shares of Applied Digital in a research note on Wednesday, May 27th. Roth Capital reiterated a “buy” rating and issued a $65.00 target price on shares of Applied Digital in a report on Thursday, April 23rd. Finally, Lucid Cap Mkts raised shares of Applied Digital to a “strong-buy” rating in a research report on Wednesday, May 27th. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Applied Digital has an average rating of “Moderate Buy” and an average target price of $67.15.

Applied Digital Price Performance

Shares of NASDAQ:APLD opened at $26.62 on Wednesday. The company has a market capitalization of $7.61 billion, a P/E ratio of -29.91 and a beta of 5.67. The company’s 50-day moving average is $38.34 and its 200 day moving average is $34.52. 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 fifty-two week low of $9.79 and a fifty-two week high of $50.72.

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

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.