Applied DigitalAPLD
APLD
About: Applied Digital Corp is a designer, developer, and operator of next-generation digital infrastructure across North America. It provides digital infrastructure solutions and cloud services to industries like High-Performance Computing (HPC) and Artificial Intelligence (AI). The company operates in the following business segments; Data Center Hosting Business, Cloud Services Business, and HPC Hosting Business. The majority of its revenue is generated from the Data Center Hosting Business which operates data centers to provide energized space to crypto mining customers.
Employees: 150
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
205% more call options, than puts
Call options by funds: $140M | Put options by funds: $45.9M
122% more capital invested
Capital invested by funds: $501M [Q2] → $1.11B (+$612M) [Q3]
121% more first-time investments, than exits
New positions opened: 62 | Existing positions closed: 28
118% more repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 28
26% more funds holding
Funds holding: 132 [Q2] → 166 (+34) [Q3]
14% more funds holding in top 10
Funds holding in top 10: 7 [Q2] → 8 (+1) [Q3]
5.12% more ownership
Funds ownership: 57.96% [Q2] → 63.09% (+5.12%) [Q3]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$10
25%
upside
Avg. target
$10.80
35%
upside
High target
$12
50%
upside
5 analyst ratings
5 positive
100%
0 neutral
0%
0 negative
0%
Needham John Todaro 89% 1-year accuracy 54 / 61 met price target | 37%upside $11 | Buy Reiterated | 1 Nov 2024 |
HC Wainwright & Co. Kevin Dede 68% 1-year accuracy 41 / 60 met price target | 25%upside $10 | Buy Maintained | 16 Oct 2024 |
Lake Street Rob Brown 100% 1-year accuracy 4 / 4 met price target | 37%upside $11 | Buy Maintained | 10 Oct 2024 |
Roth MKM Darren Aftahi 66% 1-year accuracy 19 / 29 met price target | 25%upside $10 | Buy Reiterated | 10 Oct 2024 |
Craig-Hallum George Sutton 79% 1-year accuracy 22 / 28 met price target | 50%upside $12 | Buy Maintained | 10 Oct 2024 |
Financial journalist opinion
Based on 10 articles about APLD published over the past 30 days
Positive
Zacks Investment Research
1 day ago
Applied Digital Stock Rises 48% in 6 Months: Buy, Sell or Hold?
APLD shares benefit from an expanding data center capacity, which aids top-line growth. However, stretched valuation is a concern.
Neutral
PRNewsWire
2 days ago
NewStar Exchange Acquires Newly Constructed Built-to-Rent ("BTR") Community in Charlotte, North Carolina and Launches New 1031 Delaware Statutory Trust Offering
ATLANTA , Dec. 19, 2024 /PRNewswire/ -- NEWSTAR Exchange, a subsidiary of NEWSTAR, announced today that it has acquired Hadley Crossing by Stella Homes, a single-family rental subdivision located in Charlotte, North Carolina, and launched a new Delaware Statutory Trust offering for accredited investors seeking to complete like-kind exchanges under IRC Section 1031. The property was developed by NEWSTAR and features 44, 4-bedroom detached homes with two-car attached garages.
Neutral
GlobeNewsWire
2 days ago
Applied Digital Sets Fiscal Second Quarter 2025 Conference Call for Tuesday, January 14, 2025, at 5:00 p.m. Eastern Time
DALLAS, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (HPC) applications, will host a conference call on Tuesday, January 14, 2025, at 5:00 p.m. Eastern Time to discuss its operations and financial results for the fiscal second quarter ended November 30, 2024. A press release detailing these results will be issued after the market closes on the same day.
Neutral
GlobeNewsWire
4 days ago
Applied Digital Announces Ellendale HPC Data Center Development Milestone
ELLENDALE, N.D., Dec. 17, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) (“Applied Digital” or the “Company”), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (HPC) applications, today announced a major milestone in the development of its purpose-built HPC data center in Ellendale, N.D.
Positive
Zacks Investment Research
1 week ago
Applied Digital Corporation (APLD) is a Great Momentum Stock: Should You Buy?
Does Applied Digital Corporation (APLD) have what it takes to be a top stock pick for momentum investors? Let's find out.
Positive
Zacks Investment Research
2 weeks ago
Is Applied Digital Corporation (APLD) Stock Outpacing Its Finance Peers This Year?
Here is how Applied Digital Corporation (APLD) and Brookfield Asset Management (BAM) have performed compared to their sector so far this year.
Neutral
GlobeNewsWire
2 weeks ago
Applied Digital Closes $150 million Senior Secured Note With Macquarie Equipment Capital, Inc. to Refinance Existing Credit Facility With Former Senior Lender
DALLAS, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) (“Applied Digital" or the “Company"), a designer, builder and operator of next-generation digital infrastructure designed for HPC applications, announced today that the Company, through its subsidiary, APLD Holdings 2, LLC, closed a $150 million senior secured debt financing with Macquarie Equipment Capital, Inc., a division of Macquarie Group's Commodities and Global Markets' business (“Macquarie”). APLD Holdings 2, LLC issued a Promissory Note (the “Note”) for the full $150 million in gross proceeds on November 27th, 2024, and simultaneously repaid its obligations under the Senior Secured Credit Facility with CIM Group, removing encumbrances on assets outside of APLD Holdings 2, as well as the parent guarantee. The remaining net proceeds will be used to repay other outstanding debt and pay transaction expenses.
Positive
The Motley Fool
2 weeks ago
3 Incredible Growth Stocks to Buy Right Now
The post-election market shift has created compelling opportunities in small-cap technology stocks. The Russell 2000 index has gained 7.8% since the election, compared with just 4.4% for the S&P 500, indicating renewed investor interest in smaller companies after years of large-cap dominance.
Neutral
CNBC Television
3 weeks ago
Final Trade: APLD, AMZN, HD, IWM
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
Neutral
The Motley Fool
4 weeks ago
Nvidia Has $71 Million Invested in These Smaller-Cap AI Stocks
Nvidia Has $71 Million Invested in These Smaller-Cap AI Stocks
Charts implemented using Lightweight Charts™