Engle Capital Management L.P. Makes New $1.47 Million Investment in Applied Digital Corporation $APLD

Posted by Stanley Muller on Jun 18th, 2026

Engle Capital Management L.P. bought a new position in shares of Applied Digital Corporation (NASDAQ:APLD – Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 59,900 shares of the company’s stock, valued at approximately $1,469,000. Applied Digital makes up about 0.6% of Engle Capital Management L.P.’s investment portfolio, making the stock its 26th largest position.

Several other institutional investors also recently made changes to their positions in APLD. AQR Capital Management LLC boosted its position in shares of Applied Digital by 84.8% during the 1st quarter. AQR Capital Management LLC now owns 18,945 shares of the company’s stock worth $106,000 after purchasing an additional 8,692 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Applied Digital by 239.1% during the first quarter. NewEdge Advisors LLC now owns 33,267 shares of the company’s stock worth $187,000 after purchasing an additional 23,457 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in Applied Digital by 113.3% during the first quarter. Geneos Wealth Management Inc. now owns 6,667 shares of the company’s stock worth $37,000 after purchasing an additional 3,542 shares during the last quarter. Strs Ohio acquired a new position in Applied Digital during the first quarter worth $71,000. Finally, Cetera Investment Advisers raised its holdings in Applied Digital by 61.0% during the second quarter. Cetera Investment Advisers now owns 61,656 shares of the company’s stock worth $621,000 after purchasing an additional 23,360 shares during the last quarter. 65.67% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Applied Digital news, Director Richard N. Nottenburg sold 12,500 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $34.59, for a total transaction of $432,375.00. Following the completion of the sale, the director directly owned 208,378 shares in the company, valued at $7,207,795.02. The trade was a 5.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Douglas S. Miller sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $34.98, for a total transaction of $349,800.00. Following the sale, the director owned 184,859 shares of the company’s stock, valued at approximately $6,466,367.82. This represents a 5.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 35,000 shares of company stock valued at $1,182,175. Insiders own 9.50% of the company’s stock.

Analysts Set New Price Targets

APLD has been the subject of several research reports. Needham & Company LLC lifted their price objective on Applied Digital from $66.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Citigroup reaffirmed a “market outperform” rating on shares of Applied Digital in a report on Tuesday, June 9th. Citizens Jmp lifted their price objective on Applied Digital from $40.00 to $60.00 and gave the stock a “market outperform” rating in a report on Thursday, May 21st. Zacks Research cut Applied Digital from a “hold” rating to a “strong sell” rating in a report on Monday, June 8th. Finally, B. Riley Financial reaffirmed a “buy” rating and set a $66.00 price objective (up from $53.00) on shares of Applied Digital in a report on Wednesday, May 27th. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $70.56.

Get Our Latest Stock Analysis on APLD

Applied Digital Trading Down 1.5%

Shares of APLD opened at $45.57 on Thursday. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.38 and a quick ratio of 2.38. The firm has a 50 day simple moving average of $39.22 and a 200-day simple moving average of $33.24. Applied Digital Corporation has a 1-year low of $9.02 and a 1-year high of $50.72. The stock has a market cap of $13.02 billion, a price-to-earnings ratio of -61.58 and a beta of 5.69.

Applied Digital (NASDAQ:APLD – Get Free Report) last released its quarterly earnings results on Wednesday, April 8th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $108.55 million for the quarter, compared to analyst estimates of $78.47 million. During the same period in the prior year, the business earned ($0.08) earnings per share. Applied Digital’s revenue for the quarter was up 139.3% on a year-over-year basis. Equities analysts forecast that Applied Digital Corporation will post -0.68 EPS for the current fiscal year.

Applied Digital Company Profile

(Free Report)

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.