Mirae Asset Global Investments Co. Ltd. Purchases 150,432 Shares of Applied Digital Corporation $APLD

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Applied Digital Corporation (NASDAQ:APLD) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 150,432 shares of the company’s stock, valued at approximately $3,666,000.

A number of other institutional investors have also made changes to their positions in the stock. Americana Partners LLC boosted its holdings in Applied Digital by 15.4% during the third quarter. Americana Partners LLC now owns 11,266 shares of the company’s stock worth $275,000 after buying an additional 1,500 shares during the last quarter. State of Wyoming increased its stake in shares of Applied Digital by 210.4% in the 3rd quarter. State of Wyoming now owns 6,230 shares of the company’s stock valued at $152,000 after acquiring an additional 4,223 shares during the last quarter. Blueprint Investment Partners LLC acquired a new stake in shares of Applied Digital in the 3rd quarter valued at approximately $246,000. Blueprint Financial Advisors LLC acquired a new stake in shares of Applied Digital in the 3rd quarter valued at approximately $246,000. Finally, Victory Financial Group LLC raised its position in shares of Applied Digital by 81.4% in the 3rd quarter. Victory Financial Group LLC now owns 13,867 shares of the company’s stock valued at $338,000 after acquiring an additional 6,223 shares during the period. 65.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. UBS Group reissued a “buy” rating on shares of Applied Digital in a report on Thursday, October 8th. Wall Street Zen downgraded Applied Digital from a “sell” rating to a “strong sell” rating in a research note on Sunday, August 30th. Morgan Stanley set a $41.00 target price on Applied Digital and gave the stock an “equal weight” rating in a report on Friday, October 9th. Roth Capital set a $35.00 target price on Applied Digital and gave the company a “buy” rating in a research note on Wednesday, October 21st. Finally, Zacks Research downgraded Applied Digital from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 26th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Applied Digital presently has an average rating of “Moderate Buy” and an average price target of $57.75.

Key Applied Digital News

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

• Positive Sentiment: APLD participated in a broader data-center stock rebound after a rival said its targeted annualized revenue of more than $4 billion was fully funded. The news may have improved sentiment toward the sector, though Applied Digital still needs to secure financing for roughly 800 megawatts of planned capacity over the next 12 months. Read More.
• Positive Sentiment: Applied Digital’s CEO was reported to have bought company shares after the stock’s decline, a potential signal of confidence from an insider. Read More.
• Neutral Sentiment: The company held its 2026 annual stockholder meeting; the brief announcement did not describe a major new business development. Read More.
• Negative Sentiment: The rebound follows a roughly 39% decline over the past month and a 40.6% drop since its latest earnings report, as investors have sold off AI data-center and infrastructure stocks. Read More.
• Negative Sentiment: Concerns about a proposed Texas pause on new data-center approvals intensified the sector selloff, even though Applied Digital’s signed leases are outside Texas. The episode highlights regulatory risk and broad investor sensitivity to data-center projects. Read More.

Applied Digital Stock Up 9.7%

APLD traded up $1.38 during trading on Friday, reaching $15.55. The company had a trading volume of 34,296,945 shares, compared to its average volume of 28,501,956. The company has a market cap of $4.70 billion, a P/E ratio of -9.48 and a beta of 5.58. Applied Digital Corporation has a 12 month low of $13.11 and a 12 month high of $50.72. The company has a debt-to-equity ratio of 3.90, a current ratio of 2.56 and a quick ratio of 2.56. The business’s fifty day moving average price is $22.92 and its 200 day moving average price is $30.85.

Applied Digital (NASDAQ:APLD) last issued its quarterly earnings data on Wednesday, October 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.30) by $0.29. The company had revenue of $300.39 million during the quarter, compared to the consensus estimate of $116.29 million. Applied Digital had a negative net margin of 51.28% and a negative return on equity of 27.21%. The firm’s revenue was up 367.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.03) earnings per share. Equities analysts anticipate that Applied Digital Corporation will post -2.17 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Wes Cummins acquired 55,803 shares of Applied Digital stock in a transaction dated Friday, October 16th. The stock was bought at an average cost of $18.04 per share, with a total value of $1,006,686.12. Following the completion of the transaction, the chief executive officer directly owned 5,874,453 shares of the company’s stock, valued at approximately $105,975,132.12. This represents a 0.96% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard N. Nottenburg sold 31,250 shares of the stock in a transaction dated Tuesday, October 13th. The stock was sold at an average price of $21.84, for a total value of $682,500.00. Following the transaction, the director owned 102,128 shares of the company’s stock, valued at approximately $2,230,475.52. The trade was a 23.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 9.50% of the company’s stock.

About Applied Digital

Applied Digital Corporation (NASDAQ: APLD) develops and operates digital infrastructure designed to support high-performance computing and artificial intelligence applications. The company provides data-center capacity, hosting services and related infrastructure for customers that require substantial computing power and energy resources.

Its business includes high-performance computing data centers and cloud services intended to support artificial intelligence, machine learning, cryptocurrency mining and other compute-intensive workloads.