SummitTX Capital L.P. Has $1.43 Million Stock Holdings in Applied Digital Corporation $APLD

SummitTX Capital L.P. grew its stake in Applied Digital Corporation (NASDAQ:APLD) by 100.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,217 shares of the company’s stock after acquiring an additional 30,220 shares during the period. SummitTX Capital L.P.’s holdings in Applied Digital were worth $1,430,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Applied Digital by 36.4% during the fourth quarter. Vanguard Group Inc. now owns 24,168,082 shares of the company’s stock worth $592,601,000 after acquiring an additional 6,445,908 shares in the last quarter. Value Aligned Research Advisors LLC acquired a new position in Applied Digital during the fourth quarter valued at approximately $138,380,000. Situational Awareness LP grew its stake in Applied Digital by 87.0% in the fourth quarter. Situational Awareness LP now owns 11,339,060 shares of the company’s stock valued at $278,034,000 after purchasing an additional 5,274,905 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Applied Digital by 24,356.8% in the second quarter. BNP Paribas Financial Markets now owns 5,219,565 shares of the company’s stock valued at $52,561,000 after purchasing an additional 5,198,223 shares in the last quarter. Finally, Marex Group plc increased its position in shares of Applied Digital by 38,484.6% during the 4th quarter. Marex Group plc now owns 3,904,759 shares of the company’s stock worth $95,745,000 after purchasing an additional 3,894,639 shares during the last quarter. Institutional investors and hedge funds own 65.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. 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. Weiss Ratings reissued a “sell (d-)” rating on shares of Applied Digital in a research note on Tuesday, July 21st. Wall Street Zen downgraded shares of Applied Digital from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Citizens Jmp upped their price target on shares of Applied Digital from $40.00 to $60.00 and gave the stock a “market outperform” rating in a research report on Thursday, May 21st. Finally, Morgan Stanley initiated coverage on shares of Applied Digital in a research note on Thursday, July 23rd. They issued a “buy” rating and a $36.50 price target for the company. Three investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Applied Digital currently has a consensus rating of “Buy” and a consensus target price of $67.15.

Applied Digital Stock Down 12.8%

Shares of APLD opened at $23.22 on Thursday. Applied Digital Corporation has a 12 month low of $9.79 and a 12 month high of $50.72. The firm’s 50 day moving average is $38.01 and its 200-day moving average is $34.46. The stock has a market capitalization of $6.64 billion, a PE ratio of -26.09 and a beta of 5.67. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.65.

Applied Digital (NASDAQ:APLD) last released its quarterly earnings results on Monday, July 27th. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.30). The business had revenue of $240.35 million during the quarter, compared to analyst estimates of $96.85 million. Applied Digital had a negative net margin of 37.78% and a negative return on equity of 17.53%. The firm’s quarterly revenue was up 406.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.24) earnings per share. Equities research analysts forecast that Applied Digital Corporation will post -1.1 EPS for the current year.

Trending Headlines about Applied Digital

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

• Positive Sentiment: Fiscal fourth-quarter revenue rose approximately 407% year over year to about $258.7 million, exceeding consensus estimates. Adjusted earnings were reported at $0.04 per share, compared with expectations for a loss, reflecting strong demand for AI-focused data-center capacity. Applied Digital revenue quadruples on AI data center demand
• Positive Sentiment: Management said contracted lease value reached $36 billion, up 125% year over year, while contracted AI capacity reached roughly 1.4 gigawatts across five campuses. The company is targeting a $1 billion annual net operating income run rate within a year, supported by hyperscaler customers such as CoreWeave. Applied Digital expects $1B NOI run rate
• Positive Sentiment: Needham reaffirmed its “buy” rating and $83 price target, while Zacks Research upgraded the stock from “strong sell” to “hold,” offering some support for the long-term growth case. Needham reiterates buy rating
• Neutral Sentiment: Applied Digital is expanding capacity and pursuing lower-cost financing, but power availability and the need to secure new generation remain important constraints on the pace and cost of future growth.
• Negative Sentiment: Despite the revenue beat, the company’s reported loss was significantly wider than expected. The latest results included a loss of $0.39 per share versus consensus for a $0.09 loss, keeping profitability concerns at the forefront.
• Negative Sentiment: Investors are also selling data-center stocks broadly: Applied Digital, IREN and TeraWulf have each lost roughly one-third over the past month. The decline reflects concerns about high valuations, capital requirements, financing risk and whether projected AI infrastructure demand will translate into sustainable returns. Data-center stock selloff analysis

Applied Digital Company Profile

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.