150,432 Shares in Applied Digital Corporation $APLD Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new position in Applied Digital Corporation (NASDAQ:APLD) during the third quarter, according to the company in its most recent Form 13F filing 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 business. FNY Investment Advisers LLC acquired a new position in Applied Digital during the second quarter worth $37,000. Bartlett & CO. Wealth Management LLC increased its stake in Applied Digital by 244.3% in the 1st 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 during the last quarter. Ancora Advisors LLC bought a new stake in Applied Digital during the 2nd quarter worth about $56,000. Creative Financial Designs Inc. ADV lifted its position in Applied Digital by 691.8% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 1,536 shares of the company’s stock worth $57,000 after buying an additional 1,342 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Applied Digital by 28.5% during the 2nd 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. Institutional investors own 65.67% of the company’s stock.

Applied Digital News Roundup

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.

Insiders Place Their Bets

In other Applied Digital news, Director Richard Nottenburg sold 31,250 shares of the business’s stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of $21.84, for a total transaction of $682,500.00. Following the transaction, the director owned 102,128 shares of the company’s stock, valued at $2,230,475.52. The trade was a 23.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Wes Cummins acquired 55,803 shares of the company’s stock in a transaction on Friday, October 16th. The stock was acquired at an average price of $18.04 per share, for a total transaction of $1,006,686.12. Following the purchase, the chief executive officer directly owned 5,874,453 shares of the company’s stock, valued at approximately $105,975,132.12. This trade represents a 0.96% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 9.50% of the company’s stock.

Wall Street Analysts Forecast Growth

APLD has been the subject of several analyst reports. Rothschild & Co Redburn set a $22.00 price objective on Applied Digital and gave the company a “neutral” rating in a report on Monday, September 21st. B. Riley Financial dropped their target price on Applied Digital from $75.00 to $51.00 and set a “buy” rating on the stock in a report on Friday, October 30th. Needham & Company LLC dropped their target price on Applied Digital from $83.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, October 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Applied Digital in a research note on Monday, October 19th. Finally, UBS Group reaffirmed a “buy” rating on shares of Applied Digital in a research report on Thursday, October 8th. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.75.

Applied Digital Stock Performance

APLD stock traded up $1.38 during trading hours on Friday, reaching $15.55. The stock had a trading volume of 34,296,945 shares, compared to its average volume of 28,501,956. The stock has a market capitalization of $4.70 billion, a PE ratio of -9.48 and a beta of 5.58. 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 stock has a 50-day simple moving average of $22.92 and a 200 day simple moving average of $30.85. Applied Digital Corporation has a fifty-two week low of $13.11 and a fifty-two week high of $50.72.

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

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.