Applied Digital Corporation $APLD Stock: DBA Trading LLC Decreases Stake

Posted by Brenda Bartman on Nov 11th, 2026

DBA Trading LLC decreased its position in shares of Applied Digital Corporation (NASDAQ:APLD – Free Report) by 99.7% during the third quarter, Holdings Channel reports. The institutional investor owned 15,000 shares of the company’s stock after selling 5,561,235 shares during the period. Applied Digital makes up approximately 0.6% of DBA Trading LLC’s investment portfolio, making the stock its 24th biggest position. DBA Trading LLC’s holdings in Applied Digital were worth $366,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Equitec Proprietary Markets LLC acquired a new position in shares of Applied Digital in the 2nd quarter valued at $312,349,000. Situational Awareness LP raised its position in shares of Applied Digital by 18.9% in the first quarter. Situational Awareness LP now owns 13,478,438 shares of the company’s stock worth $319,978,000 after acquiring an additional 2,139,378 shares during the period. Janus Henderson Group PLC raised its position in shares of Applied Digital by 318.5% in the first quarter. Janus Henderson Group PLC now owns 785,152 shares of the company’s stock worth $18,638,000 after acquiring an additional 597,548 shares during the period. TFR Capital LLC. raised its position in shares of Applied Digital by 425.3% in the first quarter. TFR Capital LLC. now owns 372,960 shares of the company’s stock worth $9,497,000 after acquiring an additional 301,954 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of Applied Digital by 33.0% during the 1st quarter. Sei Investments Co. now owns 1,093,701 shares of the company’s stock worth $25,964,000 after acquiring an additional 271,618 shares in the last quarter. Institutional investors own 65.67% of the company’s stock.

Applied Digital Stock Performance

NASDAQ:APLD opened at $16.68 on Wednesday. Applied Digital Corporation has a one year low of $13.11 and a one year high of $50.72. The company has a quick ratio of 2.56, a current ratio of 2.56 and a debt-to-equity ratio of 3.90. The stock has a 50 day moving average price of $22.57 and a 200 day moving average price of $30.66.

Applied Digital (NASDAQ:APLD – Get Free Report) last issued its earnings results on Wednesday, October 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.29. Applied Digital had a negative return on equity of 27.21% and a negative net margin of 51.28%. The business had revenue of $300.39 million during the quarter, compared to the consensus estimate of $116.29 million. During the same period last year, the company earned ($0.03) EPS. The company’s revenue for the quarter was up 367.8% on a year-over-year basis. On average, analysts forecast that Applied Digital Corporation will post -2.17 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on APLD shares. UBS Group reiterated a “buy” rating on shares of Applied Digital in a research report on Thursday, October 8th. Zacks Research downgraded Applied Digital from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 26th. Roth Capital set a $35.00 target price on Applied Digital and gave the company a “buy” rating in a research report on Wednesday, October 21st. Rothschild & Co Redburn set a $22.00 price target on shares of Applied Digital and gave the company a “neutral” rating in a research note on Monday, September 21st. Finally, Wall Street Zen cut shares of Applied Digital from a “sell” rating to a “strong sell” rating in a research report on Sunday, August 30th. Three research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Applied Digital has an average rating of “Moderate Buy” and a consensus target price of $56.42.

View Our Latest Research Report on APLD

Insider Buying and Selling at Applied Digital

In other news, Director Richard N. Nottenburg sold 31,250 shares of the company’s stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of $21.84, for a total value of $682,500.00. Following the transaction, the director owned 102,128 shares of the company’s stock, valued at $2,230,475.52. This represents a 23.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Wes Cummins bought 55,803 shares of the stock in a transaction on Friday, October 16th. The shares were bought at an average cost of $18.04 per share, with a total value of $1,006,686.12. Following the purchase, the chief executive officer owned 5,874,453 shares of the company’s stock, valued at $105,975,132.12. This trade represents a 0.96% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 9.50% of the stock is currently owned by company insiders.

Key Applied Digital News

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

Positive Sentiment: A proposed Louisiana public-authority agreement could allow up to $4.6 billion in bonds for Applied Digital’s AI campus, with Meta’s lease potentially supporting the financing. This may help fund development, though the proposal is not described as finalized. Article: Meta’s Lease Could Back Up to $4.6 Billion in Louisiana Bonds for Applied Digital’s AI Campus
Neutral Sentiment: CoreWeave’s third-quarter results were due after the market close on Nov. 10, making its financial performance a near-term catalyst for Applied Digital. Article: CoreWeave Has “a Sentiment Problem.” Its Landlord Applied Digital Has $11 Billion Riding on It
Negative Sentiment: Applied Digital has substantial exposure to CoreWeave through a 400-megawatt lease reported to be worth about $11 billion. Reports of CoreWeave’s unsecured debt yielding around 16% have raised concerns that credit stress at the tenant could put Applied Digital’s growth plans and expected lease revenue at risk. Article: If CoreWeave Implodes, It’s Taking This Neocloud With It First
Negative Sentiment: Morgan Stanley cut its price target to $25 from $41 and kept an Equal Weight rating. The lower target, alongside coverage citing rising debt and mounting losses, reinforces concerns about the cost and execution risks of the company’s AI infrastructure expansion. Article: Applied Digital Slides 37% YTD: Time to Exit or Hold the Stock?

Applied Digital Profile

(Free Report)

Applied Digital Corporation develops, builds and operates data centers designed for high-density computing. Its facilities support digital asset mining as well as high-performance computing workloads, including artificial intelligence applications, and the company provides hosting and infrastructure services to customers in these sectors. The company also offers cloud services that give customers access to computing capacity for demanding workloads. Its data center operations are focused in the United States, including facilities in North Dakota.