Assetmark Inc. Invests $349,000 in Applied Digital Corporation $APLD

Assetmark Inc. bought a new position in shares of Applied Digital Corporation (NASDAQ:APLD) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,223 shares of the company’s stock, valued at approximately $349,000.

A number of other institutional investors have also made changes to their positions in the company. Newbridge Financial Services Group Inc. lifted its position in shares of Applied Digital by 8.6% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,800 shares of the company’s stock worth $93,000 after purchasing an additional 300 shares in the last quarter. Brookstone Capital Management lifted its position in shares of Applied Digital by 3.6% during the fourth quarter. Brookstone Capital Management now owns 9,275 shares of the company’s stock worth $227,000 after purchasing an additional 321 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of Applied Digital by 1.0% during the third quarter. ProShare Advisors LLC now owns 36,652 shares of the company’s stock worth $841,000 after purchasing an additional 376 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Applied Digital by 7.4% during the third quarter. PNC Financial Services Group Inc. now owns 5,951 shares of the company’s stock worth $137,000 after purchasing an additional 408 shares in the last quarter. Finally, Wedbush Securities Inc. lifted its position in shares of Applied Digital by 5.7% during the third quarter. Wedbush Securities Inc. now owns 10,785 shares of the company’s stock worth $247,000 after purchasing an additional 585 shares in the last quarter. 65.67% of the stock is owned by institutional investors and hedge funds.

Applied Digital Stock Up 12.1%

Shares of NASDAQ:APLD opened at $36.35 on Friday. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.65. The company has a fifty day simple moving average of $28.27 and a 200 day simple moving average of $29.93. The firm has a market cap of $10.39 billion, a PE ratio of -49.12 and a beta of 7.25. Applied Digital Corporation has a 12-month low of $4.07 and a 12-month high of $42.27.

Applied Digital (NASDAQ:APLD) last issued its quarterly earnings results on Wednesday, April 8th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.23). Applied Digital had a negative return on equity of 15.91% and a negative net margin of 52.84%.The company had revenue of $108.55 million during the quarter, compared to the consensus estimate of $78.47 million. During the same quarter last year, the firm posted ($0.08) EPS. The firm’s quarterly revenue was up 139.3% on a year-over-year basis. On average, equities research analysts anticipate that Applied Digital Corporation will post -0.52 EPS for the current fiscal year.

Insiders Place Their Bets

In other Applied Digital news, Director Chuck Hastings sold 45,987 shares of the business’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $38.57, for a total transaction of $1,773,718.59. Following the completion of the sale, the director owned 388,372 shares in the company, valued at $14,979,508.04. The trade was a 10.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 9.50% of the stock is currently owned by insiders.

Key Applied Digital News

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

• Positive Sentiment: Applied Digital signed a 15‑year lease for 300 MW of critical IT load at its Delta Forge 1 AI Factory with a U.S. high investment‑grade hyperscaler, with an estimated contracted value of about $7.5 billion — lifting total contracted lease revenue to over $23 billion and increasing investment‑grade exposure to more than half. This dramatically extends revenue visibility and reduces near‑term demand uncertainty. Applied Digital Announces New U.S. Based High Investment-Grade Hyperscaler Tenant at Delta Forge 1
• Positive Sentiment: Unusually large call‑option activity (about 119,713 calls traded) signals aggressive bullish positioning by options traders ahead of or after the lease announcement — a short‑term catalyst for further buying pressure as traders add leverage to positive news.
• Neutral Sentiment: The hyperscaler tenant remains unnamed publicly (company describes it as U.S. and high investment‑grade), so some counterparty details and timing are undisclosed; market reaction so far treats the deal as credible but confidentiality limits full due‑diligence by outside investors. Applied Digital signs $7.5 billion AI data center lease with US hyperscaler
• Negative Sentiment: Applied Digital remains unprofitable with negative net margin and recent quarterly EPS that missed estimates; the business is highly capital‑intensive and carries meaningful leverage (debt/equity ~1.65). Those fundamentals create execution and financing risk despite improved contracted revenue, which could weigh on valuation if build‑out costs or tenant timing slip.
• Negative Sentiment: Large projects like Delta Forge carry construction and operational execution risk (scheduling, costs, equipment supply). Any delays or higher capital needs could force additional funding or dilute shareholders, offsetting the positive cash‑flow visibility from the lease.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Wall Street Zen cut shares of Applied Digital from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Needham & Company LLC reissued a “buy” rating and set a $41.00 target price on shares of Applied Digital in a research report on Thursday, January 8th. Zacks Research lowered shares of Applied Digital from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 8th. B. Riley Financial lifted their price target on shares of Applied Digital to $53.00 and gave the stock a “buy” rating in a research note on Friday, January 9th. Finally, Citigroup restated an “outperform” rating on shares of Applied Digital in a research note on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat, Applied Digital currently has a consensus rating of “Moderate Buy” and an average target price of $43.56.

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.