Applied Digital Corporation $APLD Stock: Royal Fund Management LLC Raises Stake

Royal Fund Management LLC grew its holdings in Applied Digital Corporation (NASDAQ:APLD) by 184.3% during the third quarter, Holdings Channel.com reports. The firm owned 97,950 shares of the company’s stock after acquiring an additional 63,500 shares during the period. Royal Fund Management LLC’s holdings in Applied Digital were worth $2,387,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in APLD. Bartlett & CO. Wealth Management LLC increased its stake in shares of Applied Digital by 244.3% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 1,205 shares of the company’s stock valued at $29,000 after buying an additional 855 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Applied Digital in the second quarter valued at about $37,000. Root Financial Partners LLC bought a new position in shares of Applied Digital in the third quarter valued at about $52,000. Global Assets Advisory LLC acquired a new position in Applied Digital during the 1st quarter worth about $53,000. Finally, CoreCap Advisors LLC lifted its position in Applied Digital by 246.6% during the 3rd quarter. CoreCap Advisors LLC now owns 2,194 shares of the company’s stock worth $53,000 after buying an additional 1,561 shares in the last quarter. Institutional investors own 65.67% of the company’s stock.

Insiders Place Their Bets

In other news, President Jason Gechen Zhang acquired 300,000 shares of the company’s stock in a transaction on Friday, October 16th. The stock was purchased at an average cost of $18.86 per share, with a total value of $5,658,000.00. Following the acquisition, the president owned 2,839,227 shares of the company’s stock, valued at $53,547,821.22. This trade represents a 11.81% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Wes Cummins bought 55,803 shares of the business’s stock in a transaction on Friday, October 16th. The shares were acquired at an average price of $18.04 per share, for a total transaction of $1,006,686.12. Following the completion of the transaction, the chief executive officer owned 5,874,453 shares in the company, valued at approximately $105,975,132.12. This trade represents a 0.96% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 9.50% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on APLD. Zacks Research lowered shares of Applied Digital from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 26th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $55.00 target price (up from $50.00) on shares of Applied Digital in a research note on Thursday, October 8th. Roth Capital set a $35.00 target price on shares of Applied Digital and gave the stock a “buy” rating in a research report on Wednesday. Rothschild & Co Redburn set a $22.00 price target on shares of Applied Digital and gave the company a “neutral” rating in a research note on Monday, September 21st. Finally, UBS Group reissued a “buy” rating on shares of Applied Digital in a report on Thursday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $59.75.

Applied Digital Stock Performance

APLD stock opened at $19.09 on Friday. Applied Digital Corporation has a twelve month low of $17.65 and a twelve month high of $50.72. The company has a debt-to-equity ratio of 3.90, a quick ratio of 2.56 and a current ratio of 2.56. The business has a fifty day moving average of $25.28 and a 200-day moving average of $32.22.

Applied Digital (NASDAQ:APLD) last posted its quarterly earnings results on Wednesday, October 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.30) by $0.29. The business had revenue of $300.39 million for the quarter, compared to analysts’ expectations of $116.29 million. Applied Digital had a negative return on equity of 27.21% and a negative net margin of 51.28%. The firm’s quarterly revenue was up 367.8% compared to the same quarter last year. During the same quarter last year, the business earned ($0.03) earnings per share. As a group, equities research analysts predict that Applied Digital Corporation will post -2.06 earnings per share for the current fiscal year.

Key Stories Impacting Applied Digital

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

• Positive Sentiment: Applied Digital agreed with Soluna Holdings to develop a 50-megawatt AI and high-performance-computing data center at the Dorothy 3 site in Texas. Applied will own 51% of the project, giving it majority control of a new potential source of data-center capacity and revenue. Soluna partnership announcement
• Positive Sentiment: The facility is expected to use power from a nearby wind farm, reinforcing Applied Digital’s positioning in energy-efficient and renewable-powered AI infrastructure. Applied’s majority-owned neocloud business, ChronoScale, also signed a non-binding letter of intent to lease the site, suggesting a possible future customer. Texas AI data center details
• Positive Sentiment: Roth/MKM reinstated coverage with a Buy rating and a $35 price target, implying substantial upside from recently depressed levels. The call adds credibility to the bull case that power scarcity and AI demand can support Applied Digital’s growth. Roth/MKM rating
• Neutral Sentiment: Rosenblatt maintained a Buy rating on Soluna but reduced its target after concluding the Dorothy 3 economics were less favorable than previously modeled. The project may require only about $62 million from Soluna and could avoid new share issuance, but the final financial impact for Applied remains dependent on construction, leasing, and funding terms. Rosenblatt Soluna target revision
• Negative Sentiment: Applied Digital remains unprofitable, highly leveraged, and exposed to substantial capital requirements. The non-binding ChronoScale lease does not yet guarantee utilization or revenue, while analysts continue to flag execution and financing risks in the company’s expansion strategy. Applied Digital stock analysis

Applied Digital Company Profile

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.