Applied Digital Co. (NASDAQ:APLD - Get Free Report) Director Douglas S. Miller sold 10,000 shares of Applied Digital stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $8.01, for a total transaction of $80,100.00. Following the sale, the director now owns 208,506 shares of the company's stock, valued at $1,670,133.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Applied Digital Trading Up 6.5 %
Shares of NASDAQ:APLD opened at $8.71 on Tuesday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 1.14. Applied Digital Co. has a 12-month low of $2.36 and a 12-month high of $8.87. The business has a 50 day moving average of $6.02 and a two-hundred day moving average of $4.97. The company has a market capitalization of $1.20 billion, a PE ratio of -11.03 and a beta of 4.56.
Applied Digital (NASDAQ:APLD - Get Free Report) last posted its earnings results on Wednesday, October 9th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.13. The firm had revenue of $60.70 million during the quarter, compared to analysts' expectations of $54.85 million. Applied Digital had a negative net margin of 74.95% and a negative return on equity of 107.05%. The business's revenue was up 67.2% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.10) EPS. As a group, analysts forecast that Applied Digital Co. will post -1.12 EPS for the current year.
Analysts Set New Price Targets
Download Now: The Book That Could Make You A Millionaire
From Crypto 101 Media | Ad
The crypto market waits for no one.
And my team of experts and I believe that a BIG move is right around the corner.
That's why we're offering you instant access to the game-changing book that's transforming average investors into massive crypto successes.
Download your digital copy now
A number of equities analysts recently issued reports on the company. Lake Street Capital raised their target price on Applied Digital from $7.00 to $11.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Roth Mkm reaffirmed a "buy" rating and set a $10.00 target price on shares of Applied Digital in a report on Thursday, October 10th. B. Riley increased their price target on shares of Applied Digital from $8.00 to $9.00 and gave the stock a "buy" rating in a report on Friday, September 13th. HC Wainwright lifted their price objective on shares of Applied Digital from $5.00 to $10.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $11.00 price objective on shares of Applied Digital in a research note on Thursday, October 17th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $10.50.
Get Our Latest Analysis on Applied Digital
Institutional Investors Weigh In On Applied Digital
Institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. acquired a new position in Applied Digital in the 1st quarter worth about $50,000. Headlands Technologies LLC raised its stake in shares of Applied Digital by 381.8% during the 2nd quarter. Headlands Technologies LLC now owns 8,749 shares of the company's stock worth $52,000 after buying an additional 6,933 shares during the period. ARS Investment Partners LLC purchased a new position in shares of Applied Digital during the 2nd quarter valued at approximately $60,000. Price T Rowe Associates Inc. MD grew its stake in Applied Digital by 15.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 24,018 shares of the company's stock valued at $103,000 after acquiring an additional 3,182 shares during the period. Finally, Crumly & Associates Inc. purchased a new stake in Applied Digital in the 2nd quarter worth $110,000. 65.67% of the stock is currently owned by institutional investors and hedge funds.
Applied Digital Company Profile
(
Get Free Report)
Applied Digital Corporation designs, develops, and operates datacenters in North America. Its datacenters provide digital infrastructure solutions to the high-performance computing industry. The company also provides artificial intelligence cloud services, high performance computing datacenter hosting, and crypto datacenter hosting services.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
