Jefferies Financial Group Inc. Reduces Stake in Applied Digital Corporation $APLD

Jefferies Financial Group Inc. reduced its stake in shares of Applied Digital Corporation (NASDAQ:APLD) by 91.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 41,192 shares of the company’s stock after selling 418,312 shares during the period. Jefferies Financial Group Inc.’s holdings in Applied Digital were worth $1,536,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in APLD. Concurrent Investment Advisors LLC boosted its holdings in shares of Applied Digital by 1.5% in the 4th quarter. Concurrent Investment Advisors LLC now owns 21,332 shares of the company’s stock worth $523,000 after purchasing an additional 318 shares during the period. Independent Advisor Alliance raised its holdings in Applied Digital by 4.6% during the 4th quarter. Independent Advisor Alliance now owns 9,215 shares of the company’s stock valued at $226,000 after buying an additional 407 shares during the period. GAMMA Investing LLC lifted its position in Applied Digital by 28.5% in the second quarter. GAMMA Investing LLC now owns 2,092 shares of the company’s stock worth $78,000 after buying an additional 464 shares during the last quarter. Krilogy Financial LLC boosted its stake in Applied Digital by 4.1% during the second quarter. Krilogy Financial LLC now owns 14,243 shares of the company’s stock worth $531,000 after buying an additional 561 shares during the period. Finally, Vermillion Wealth Management Inc. raised its stake in shares of Applied Digital by 29.4% in the first quarter. Vermillion Wealth Management Inc. now owns 2,563 shares of the company’s stock valued at $61,000 after acquiring an additional 583 shares during the period. 65.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on APLD shares. B. Riley Financial restated a “buy” rating and issued a $75.00 target price (up from $66.00) on shares of Applied Digital in a report on Monday, August 3rd. Citizens Jmp increased their price objective on shares of Applied Digital from $40.00 to $60.00 and gave the stock a “market outperform” rating in a research report on Thursday, May 21st. Lucid Cap Mkts raised shares of Applied Digital to a “strong-buy” rating in a research note on Wednesday, May 27th. Wall Street Zen lowered Applied Digital from a “sell” rating to a “strong sell” rating in a research report on Sunday. Finally, Zacks Research downgraded Applied Digital from a “hold” rating to a “strong sell” rating in a report on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $68.15.

Insider Transactions at Applied Digital

In other Applied Digital news, Director Richard N. Nottenburg sold 75,000 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $31.15, for a total transaction of $2,336,250.00. Following the transaction, the director directly owned 133,378 shares in the company, valued at $4,154,724.70. This represents a 35.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 9.50% of the stock is currently owned by insiders.

Applied Digital Trading Down 7.7%

APLD stock opened at $25.34 on Friday. Applied Digital Corporation has a 12 month low of $13.16 and a 12 month high of $50.72. The firm’s 50-day moving average is $30.86 and its 200 day moving average is $33.36. The company has a market capitalization of $7.39 billion, a PE ratio of -28.47 and a beta of 5.75. The company has a debt-to-equity ratio of 2.88, a current ratio of 4.01 and a quick ratio of 4.01.

Applied Digital (NASDAQ:APLD) last posted its quarterly earnings results on Monday, July 27th. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $240.35 million for the quarter, compared to the consensus estimate of $96.85 million. During the same period in the prior year, the firm posted ($0.24) EPS. The business’s revenue was up 406.3% on a year-over-year basis. On average, research analysts anticipate that Applied Digital Corporation will post -1.09 EPS for the current year.

Key Headlines Impacting Applied Digital

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

• Positive Sentiment: Applied Digital’s long-term AI data-center leases and expanding project pipeline could support substantial revenue growth over the next several years. One analysis projects significant upside if the company executes on those commitments. Prediction: Applied Digital Stock Will Jump 156% in 3 Years
• Positive Sentiment: Recent enthusiasm for Applied Digital’s AI infrastructure strategy and long-term contracts remains an important bullish factor, despite the stock’s recent weakness. Applied Digital Stock Is Down, But Its AI Data Center Business Is Powering Up
• Neutral Sentiment: Applied Digital has delivered very strong three-year returns, but its valuation remains expensive on sales, meaning the market already reflects substantial optimism about future AI data-center growth. Applied Digital Stock Looks Strong On Returns But Expensive On Sales
• Negative Sentiment: A major impairment charge at IREN, including a writedown tied to older Bitcoin-mining equipment, triggered a broader selloff in capital-intensive AI and data-center stocks. Investors appear concerned about transition costs, execution risk and potential asset write-downs across the sector—even though Applied Digital did not report comparable bad news. Applied Digital Sinks as Data Center Selloff Broadens
• Negative Sentiment: Zacks Research downgraded Applied Digital from “hold” to “strong sell,” adding pressure to investor sentiment. Zacks.com

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.