Applied Digital Co. (NASDAQ:APLD - Get Free Report) Director Richard N. Nottenburg sold 19,369 shares of the business's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $7.51, for a total transaction of $145,461.19. Following the sale, the director now directly owns 384,317 shares of the company's stock, valued at $2,886,220.67. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Applied Digital Stock Up 0.1 %
Shares of APLD opened at $7.59 on Wednesday. The stock has a 50 day moving average price of $7.04 and a 200 day moving average price of $5.47. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.22 and a current ratio of 0.22. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of -6.49 and a beta of 4.65. Applied Digital Co. has a one year low of $2.36 and a one year high of $9.48.
Applied Digital (NASDAQ:APLD - Get Free Report) last announced its quarterly earnings data on Wednesday, October 9th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.28) by $0.13. Applied Digital had a negative net margin of 74.95% and a negative return on equity of 88.87%. The firm had revenue of $60.70 million during the quarter, compared to analyst estimates of $54.85 million. During the same quarter in the prior year, the firm posted ($0.10) earnings per share. Applied Digital's quarterly revenue was up 67.2% on a year-over-year basis. Equities research analysts forecast that Applied Digital Co. will post -0.4 earnings per share for the current fiscal year.
Institutional Trading of Applied Digital
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A number of hedge funds and other institutional investors have recently made changes to their positions in APLD. Headlands Technologies LLC lifted its holdings in Applied Digital by 381.8% in the second quarter. Headlands Technologies LLC now owns 8,749 shares of the company's stock valued at $52,000 after acquiring an additional 6,933 shares during the last quarter. ARS Investment Partners LLC acquired a new position in shares of Applied Digital in the 2nd quarter valued at $60,000. Beacon Harbor Wealth Advisors Inc. purchased a new position in shares of Applied Digital during the 3rd quarter worth $83,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Applied Digital during the 3rd quarter worth about $88,000. Finally, Chesapeake Capital Corp IL purchased a new stake in Applied Digital in the 3rd quarter valued at about $94,000. Institutional investors and hedge funds own 65.67% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have commented on APLD shares. Roth Mkm restated a "buy" rating and issued a $10.00 target price on shares of Applied Digital in a research note on Thursday, October 10th. B. Riley raised their price objective on Applied Digital from $8.00 to $9.00 and gave the stock a "buy" rating in a report on Friday, September 13th. Craig Hallum upped their target price on Applied Digital from $10.00 to $12.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. Needham & Company LLC restated a "buy" rating and set a $11.00 price target on shares of Applied Digital in a research note on Friday, November 1st. Finally, Lake Street Capital upped their price objective on shares of Applied Digital from $7.00 to $11.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Six analysts have rated the stock with a buy rating, According to MarketBeat, Applied Digital presently has a consensus rating of "Buy" and a consensus price target of $10.50.
Read Our Latest Analysis on APLD
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.
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