Public Employees Retirement System of Ohio Buys Shares of 72,610 Applied Digital Corporation $APLD

Posted by Brenda Bartman on Sep 6th, 2026

Public Employees Retirement System of Ohio purchased a new stake in Applied Digital Corporation (NASDAQ:APLD – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 72,610 shares of the company’s stock, valued at approximately $2,708,000.

Other hedge funds have also recently modified their holdings of the company. FNY Investment Advisers LLC purchased a new stake in shares of Applied Digital during the 2nd quarter worth $37,000. Ameriflex Group Inc. purchased a new position in Applied Digital in the fourth quarter valued at about $25,000. McMillan Office Inc. bought a new position in Applied Digital in the fourth quarter worth about $25,000. Mcguire Capital Advisors Inc. purchased a new stake in shares of Applied Digital during the fourth quarter valued at about $27,000. Finally, Larson Financial Group LLC lifted its position in shares of Applied Digital by 56,450.0% during the third quarter. Larson Financial Group LLC now owns 1,131 shares of the company’s stock valued at $26,000 after buying an additional 1,129 shares during the last quarter. Hedge funds and other institutional investors own 65.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on APLD shares. Morgan Stanley boosted their price objective on shares of Applied Digital from $36.50 to $37.50 and gave the stock an “equal weight” rating in a research note on Thursday, August 6th. Needham & Company LLC restated a “buy” rating and issued a $83.00 target price on shares of Applied Digital in a research note on Tuesday, July 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Applied Digital in a report on Tuesday, July 21st. Northland Securities set a $82.00 price target on Applied Digital and gave the stock an “outperform” rating in a research report on Wednesday, June 17th. Finally, Citizens Jmp increased their price objective on Applied Digital from $40.00 to $60.00 and gave the company a “market outperform” rating in a report on Thursday, May 21st. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $68.15.

Check Out Our Latest Research Report on APLD

Insider Activity

In other Applied Digital news, Director Richard Nottenburg sold 75,000 shares of the business’s stock in a transaction dated 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 sale, the director owned 133,378 shares in the company, valued at approximately $4,154,724.70. The trade was a 35.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.50% of the stock is currently owned by insiders.

Applied Digital Stock Performance

Shares of Applied Digital stock opened at $26.37 on Friday. The company has a 50 day moving average price of $29.15 and a 200 day moving average price of $32.97. The firm has a market capitalization of $7.69 billion, a P/E ratio of -29.63 and a beta of 5.72. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 2.88. Applied Digital Corporation has a 52 week low of $13.16 and a 52 week high of $50.72.

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