Swiss National Bank Buys 9,500 Shares of Applied Digital Co. (NASDAQ:APLD)

Swiss National Bank raised its stake in shares of Applied Digital Co. (NASDAQ:APLDFree Report) by 6.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,600 shares of the company’s stock after buying an additional 9,500 shares during the period. Swiss National Bank owned 0.12% of Applied Digital worth $988,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of APLD. Arizona State Retirement System bought a new position in shares of Applied Digital in the third quarter worth about $111,000. Vontobel Holding Ltd. acquired a new stake in Applied Digital during the fourth quarter worth about $111,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Applied Digital during the fourth quarter worth about $133,000. Barclays PLC grew its position in Applied Digital by 73.6% during the third quarter. Barclays PLC now owns 23,588 shares of the company’s stock worth $146,000 after buying an additional 10,002 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Applied Digital during the fourth quarter worth about $187,000. 65.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

APLD has been the topic of a number of recent research reports. Lake Street Capital decreased their price objective on Applied Digital from $19.00 to $7.00 and set a “buy” rating on the stock in a report on Friday, April 12th. B. Riley decreased their price objective on Applied Digital from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Monday, May 6th. Roth Mkm reduced their target price on Applied Digital from $13.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, April 12th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $15.00 target price on shares of Applied Digital in a report on Friday, May 17th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $9.60.

Check Out Our Latest Report on APLD

Applied Digital Price Performance

Shares of APLD stock opened at $4.19 on Friday. Applied Digital Co. has a 12-month low of $2.36 and a 12-month high of $11.62. The firm has a market capitalization of $514.66 million, a price-to-earnings ratio of -5.30 and a beta of 4.29. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.90. The firm has a fifty day moving average of $3.48 and a 200-day moving average of $4.70.

Applied Digital (NASDAQ:APLDGet Free Report) last announced its quarterly earnings results on Thursday, April 11th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.40). The firm had revenue of $43.35 million during the quarter, compared to analyst estimates of $50.36 million. Applied Digital had a negative net margin of 61.84% and a negative return on equity of 75.46%. On average, equities research analysts forecast that Applied Digital Co. will post -1.03 earnings per share for the current year.

About Applied Digital

(Free Report)

Applied Digital Corporation designs, develops, and operates datacenters in North America. Its datacenters provide digital infrastructure solutions to the high-performance computing industry. The company also provides artificial intelligence cloud services, high performance computing datacenter hosting, and crypto datacenter hosting services.

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Institutional Ownership by Quarter for Applied Digital (NASDAQ:APLD)

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