TFR Capital LLC. Takes $1.74 Million Position in Applied Digital Corporation $APLD

TFR Capital LLC. purchased a new position in shares of Applied Digital Corporation (NASDAQ:APLD) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 71,006 shares of the company’s stock, valued at approximately $1,741,000.

Several other hedge funds have also recently bought and sold shares of APLD. Newbridge Financial Services Group Inc. boosted its stake in Applied Digital by 8.6% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,800 shares of the company’s stock valued at $93,000 after purchasing an additional 300 shares during the period. Brookstone Capital Management raised its holdings 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 valued at $227,000 after buying an additional 321 shares during the last quarter. ProShare Advisors LLC boosted 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 buying an additional 376 shares during the period. PNC Financial Services Group Inc. boosted 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 buying an additional 408 shares during the period. Finally, Wedbush Securities Inc. grew its holdings in Applied Digital by 5.7% in the 3rd quarter. Wedbush Securities Inc. now owns 10,785 shares of the company’s stock worth $247,000 after buying an additional 585 shares in the last quarter. 65.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Applied Digital

In related news, Director Chuck Hastings sold 45,987 shares of the firm’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $38.57, for a total transaction of $1,773,718.59. Following the completion of the transaction, the director owned 388,372 shares of the company’s stock, valued at $14,979,508.04. This trade represents a 10.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 9.50% of the stock is currently owned by company insiders.

Applied Digital Price Performance

Shares of NASDAQ:APLD opened at $31.53 on Friday. The stock has a market cap of $9.01 billion, a price-to-earnings ratio of -42.61 and a beta of 7.25. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.38 and a quick ratio of 2.38. Applied Digital Corporation has a 12 month low of $3.81 and a 12 month high of $42.27. The stock’s 50 day moving average price is $28.60 and its 200 day moving average price is $29.76.

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 net margin of 52.84% and a negative return on equity of 15.91%. The firm had revenue of $108.55 million for the quarter, compared to the consensus estimate of $78.47 million. During the same period in the previous year, the business posted ($0.08) earnings per share. The business’s revenue for the quarter was up 139.3% compared to the same quarter last year. Equities research analysts anticipate that Applied Digital Corporation will post -0.96 earnings per share for the current fiscal year.

Key Applied Digital News

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

• Positive Sentiment: Analyst/valuation pieces highlight Applied Digital’s pivot from crypto hosting to hyperscale AI data centers, noting long‑term leases and growing AI demand that could support recurring cash flows and justify higher valuation. Assessing Applied Digital (APLD) Valuation As AI Data Center Leases And Hyperscale Partnerships Gain Traction
• Positive Sentiment: Bullish retail/coverage pieces argue APLD’s strong YTD performance and growth runway leave upside — one outlet projects further multi‑month gains based on AI demand and momentum. Prediction: This Artificial Intelligence (AI) Stock That Has Jumped by Over 5x in a Year Can Still Soar by 66% or More
• Positive Sentiment: Market write‑ups emphasize differentiation (large 100+ MW sites) and note H.C. Wainwright’s reiterated Buy and $40 price target after quarterly results — supportive for sentiment and analyst‑led buying. Here’s the Impact of Applied Digital Corp (APLD) Differentiation in the Data Center Market
• Neutral Sentiment: Applied Digital granted new executive management incentive units — aligns management with long‑term performance but creates potential dilution; market reaction depends on plan size and vesting. Applied Digital Grants New Executive Management Incentive Units
• Neutral Sentiment: Broader industry/peer stories (IREN power pipeline, Babcock & Wilcox AI‑linked projects) are influencing investor appetite for AI‑infrastructure names but are not specific to APLD fundamentals. Can 4.5GW Power Pipeline Drive IREN’s $3.7B AI Cloud ARR Target? Babcock & Wilcox (BW) AI Ride Propels 191% Jump This Year
• Negative Sentiment: Analyst cuts to FY2026 EPS estimates were reported, which can pressure near‑term sentiment and imply more conservative forecasts on margin/capex given ongoing losses. FY2026 EPS Estimates for Applied Digital Cut by Analyst
• Negative Sentiment: Related report: H.C. Wainwright reduced earnings estimates (separate note), signaling downward revisions that may limit near‑term upside despite their Buy rating and $40 PT. HC Wainwright Reduces Earnings Estimates for Applied Digital

Analyst Upgrades and Downgrades

Several analysts recently commented on APLD shares. Wall Street Zen cut Applied Digital from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Lake Street Capital reissued a “buy” rating and issued a $45.00 price target on shares of Applied Digital in a research note on Tuesday, December 30th. Citigroup reissued an “outperform” rating on shares of Applied Digital in a report on Wednesday, January 28th. Needham & Company LLC restated a “buy” rating and set a $41.00 price objective on shares of Applied Digital in a research note on Thursday, January 8th. Finally, Northland Securities set a $56.00 price objective on shares of Applied Digital in a report 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 assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.78.

About Applied Digital

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.