Applied DigitalAPLD
Market Cap: $716M
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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
785% more call options, than puts
Call options by funds: $39.4M | Put options by funds: $4.45M
133% more repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 24
83% more first-time investments, than exits
New positions opened: 42 | Existing positions closed: 23
82% more capital invested
Capital invested by funds: $275M [Q1] → $500M (+$225M) [Q2]
75% more funds holding in top 10
Funds holding in top 10: 4 [Q1] → 7 (+3) [Q2]
17% more funds holding
Funds holding: 113 [Q1] → 132 (+19) [Q2]
4.86% more ownership
Funds ownership: 52.95% [Q1] → 57.81% (+4.86%) [Q2]
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
Roth MKM Darren Aftahi 20% 1-year accuracy 6 / 30 met price target | 120%upside $10 | Buy Maintained | 5 Sept 2024 |
Roth MKM Darren Aftahi 20% 1-year accuracy 6 / 30 met price target | 120%upside $10 | Buy Maintained | 29 Aug 2024 |
Needham John Todaro 26% 1-year accuracy 11 / 43 met price target | 142%upside $11 | Buy Reiterated | 29 Aug 2024 |
HC Wainwright & Co. Kevin Dede 29% 1-year accuracy 15 / 51 met price target | 10%upside $5 | Buy Reiterated | 29 Aug 2024 |
Needham John Todaro 26% 1-year accuracy 11 / 43 met price target | 142%upside $11 | Buy Reiterated | 10 Jul 2024 |
Financial journalist opinion
Based on 14 articles about APLD published over the past 30 days