Applied DigitalAPLD
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 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
148% more first-time investments, than exits
New positions opened: 62 | Existing positions closed: 25
122% more capital invested
Capital invested by funds: $501M [Q2] → $1.11B (+$612M) [Q3]
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: 57.99% [Q2] → 63.11% (+5.12%) [Q3]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
HC Wainwright & Co. Kevin Dede 55% 1-year accuracy 33 / 60 met price target | 35%upside $12 | Buy Maintained | 15 Jan 2025 |
Cantor Fitzgerald Brett Knoblauch 69% 1-year accuracy 55 / 80 met price target | 57%upside $14 | Overweight Maintained | 15 Jan 2025 |
Needham John Todaro 88% 1-year accuracy 58 / 66 met price target | 24%upside $11 | Buy Reiterated | 15 Jan 2025 |
Financial journalist opinion
Based on 20 articles about APLD published over the past 30 days
