NFSG Corp Raises Holdings in Applied Digital Corporation $APLD

Posted by Stanley Muller on Jul 15th, 2026

NFSG Corp boosted its holdings in shares of Applied Digital Corporation (NASDAQ:APLD – Free Report) by 1,006.4% in the 1st quarter, Holdings Channel.com reports. The fund owned 42,042 shares of the company’s stock after buying an additional 38,242 shares during the quarter. NFSG Corp’s holdings in Applied Digital were worth $998,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Noble Wealth Management PBC acquired a new position in shares of Applied Digital in the 4th quarter valued at $25,000. Albion Financial Group UT purchased a new position in shares of Applied Digital during the 4th quarter worth $25,000. Activest Wealth Management acquired a new stake in shares of Applied Digital during the 4th quarter worth about $25,000. Ameriflex Group Inc. acquired a new stake in shares of Applied Digital during the 4th quarter worth about $25,000. Finally, McMillan Office Inc. acquired a new stake in shares of Applied Digital during the 4th quarter worth about $25,000. Hedge funds and other institutional investors own 65.67% of the company’s stock.

Applied Digital Trading Down 1.3%

Shares of NASDAQ APLD opened at $28.47 on Wednesday. Applied Digital Corporation has a twelve month low of $9.60 and a twelve month high of $50.72. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.65. The stock has a fifty day simple moving average of $41.27 and a 200-day simple moving average of $34.42. The stock has a market capitalization of $8.14 billion, a PE ratio of -38.47 and a beta of 5.67.

Insider Activity

In other Applied Digital news, Director Douglas S. Miller sold 10,000 shares of Applied Digital stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $34.98, for a total value of $349,800.00. Following the completion of the transaction, the director directly owned 184,859 shares of the company’s stock, valued at $6,466,367.82. The trade was a 5.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard N. Nottenburg sold 12,500 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $34.59, for a total transaction of $432,375.00. Following the sale, the director owned 208,378 shares in the company, valued at $7,207,795.02. This trade represents a 5.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 35,000 shares of company stock worth $1,182,175. 9.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have commented on APLD shares. Lucid Cap Mkts raised shares of Applied Digital to a “strong-buy” rating in a research report on Wednesday, May 27th. Zacks Research cut shares of Applied Digital from a “hold” rating to a “strong sell” rating in a research report on Monday, June 8th. Citizens Jmp lifted their price target on shares of Applied Digital from $40.00 to $60.00 and gave the company a “market outperform” rating in a research report on Thursday, May 21st. B. Riley Financial reissued a “buy” rating and issued a $66.00 price target (up from $53.00) on shares of Applied Digital in a research note on Wednesday, May 27th. Finally, Roth Capital restated a “buy” rating and issued a $65.00 price objective on shares of Applied Digital in a report on Thursday, April 23rd. Three 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 data from MarketBeat.com, Applied Digital has a consensus rating of “Moderate Buy” and a consensus target price of $70.56.

View Our Latest Stock Report on APLD

About Applied Digital

(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.