Jefferies Financial Group Inc. Lowers Position in Applied Digital Corporation $APLD

Posted by Francis Steltz on Aug 30th, 2026

Jefferies Financial Group Inc. decreased its stake in Applied Digital Corporation (NASDAQ:APLD – Free Report) by 91.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,192 shares of the company’s stock after selling 418,312 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Applied Digital were worth $1,536,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Applied Digital by 36.4% during the 4th quarter. Vanguard Group Inc. now owns 24,168,082 shares of the company’s stock valued at $592,601,000 after acquiring an additional 6,445,908 shares during the period. Situational Awareness LP increased its stake 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 purchasing an additional 2,139,378 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Applied Digital by 5.1% during the 4th quarter. Geode Capital Management LLC now owns 6,285,820 shares of the company’s stock valued at $154,151,000 after purchasing an additional 304,228 shares during the period. Value Aligned Research Advisors LLC bought a new stake in shares of Applied Digital during the 4th quarter valued at $138,380,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of Applied Digital by 24,356.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 5,219,565 shares of the company’s stock valued at $52,561,000 after buying an additional 5,198,223 shares in the last quarter. Institutional investors own 65.67% of the company’s stock.

Insider Activity at Applied Digital

In other news, Director Richard N. Nottenburg sold 75,000 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $31.15, for a total transaction of $2,336,250.00. Following the completion of the transaction, the director directly owned 133,378 shares in the company, valued at approximately $4,154,724.70. This represents a 35.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 9.50% of the company’s stock.

Applied Digital Trading Down 7.7%

Shares of APLD stock opened at $25.34 on Friday. Applied Digital Corporation has a 12-month low of $13.16 and a 12-month high of $50.72. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 2.88. The stock’s 50-day moving average price is $30.86 and its 200-day moving average price is $33.36. The stock has a market capitalization of $7.39 billion, a price-to-earnings ratio of -28.47 and a beta of 5.75.

Applied Digital (NASDAQ:APLD – Get Free Report) last announced its quarterly earnings results on Monday, July 27th. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.30). The firm had revenue of $240.35 million for the quarter, compared to the consensus estimate of $96.85 million. Applied Digital had a negative net margin of 37.78% and a negative return on equity of 16.42%. Applied Digital’s quarterly revenue was up 406.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.24) earnings per share. Equities research analysts predict that Applied Digital Corporation will post -1.09 EPS for the current fiscal year.

Applied Digital News Summary

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

Positive Sentiment: Applied Digital’s long-term AI data-center leases and expanding project pipeline could support substantial revenue growth over the next several years. One analysis projects significant upside if the company executes on those commitments. Prediction: Applied Digital Stock Will Jump 156% in 3 Years
Positive Sentiment: Recent enthusiasm for Applied Digital’s AI infrastructure strategy and long-term contracts remains an important bullish factor, despite the stock’s recent weakness. Applied Digital Stock Is Down, But Its AI Data Center Business Is Powering Up
Neutral Sentiment: Applied Digital has delivered very strong three-year returns, but its valuation remains expensive on sales, meaning the market already reflects substantial optimism about future AI data-center growth. Applied Digital Stock Looks Strong On Returns But Expensive On Sales
Negative Sentiment: A major impairment charge at IREN, including a writedown tied to older Bitcoin-mining equipment, triggered a broader selloff in capital-intensive AI and data-center stocks. Investors appear concerned about transition costs, execution risk and potential asset write-downs across the sector—even though Applied Digital did not report comparable bad news. Applied Digital Sinks as Data Center Selloff Broadens
Negative Sentiment: Zacks Research downgraded Applied Digital from “hold” to “strong sell,” adding pressure to investor sentiment. Zacks.com

Wall Street Analysts Forecast Growth

APLD has been the subject of a number of analyst reports. Citigroup reiterated a “market outperform” rating on shares of Applied Digital in a research note on Monday, August 3rd. Northland Securities set a $82.00 price objective on Applied Digital and gave the stock an “outperform” rating in a research note on Wednesday, June 17th. Morgan Stanley increased their target price on Applied Digital from $36.50 to $37.50 and gave the stock an “equal weight” rating in a research report on Thursday, August 6th. Lake Street Capital boosted their price target on Applied Digital from $70.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Applied Digital in a research note on Tuesday, July 21st. Three research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Applied Digital currently has a consensus rating of “Moderate Buy” and an average price target of $68.15.

View Our Latest Analysis on APLD

Applied Digital 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.