JPMorgan Chase & Co. Grows Stock Position in Applied Digital Co. (NASDAQ:APLD)

2025-04-26T07:16:52Z

JPMorgan Chase & Co. grew its stake in Applied Digital Co. (NASDAQ:APLD – Free Report) by 294.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 222,383 shares of the company’s stock after purchasing an additional 166,028 shares during the period. JPMorgan Chase & Co.’s holdings in Applied Digital were worth $1,699,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. HighTower Advisors LLC purchased a new position in shares of Applied Digital in the third quarter valued at approximately $99,000. Barclays PLC raised its stake in Applied Digital by 736.8% in the 3rd quarter. Barclays PLC now owns 486,577 shares of the company’s stock valued at $4,014,000 after purchasing an additional 428,428 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Applied Digital by 48.7% in the 3rd quarter. Geode Capital Management LLC now owns 3,061,160 shares of the company’s stock valued at $25,258,000 after purchasing an additional 1,002,862 shares in the last quarter. Virtu Financial LLC acquired a new stake in Applied Digital during the 3rd quarter worth $2,030,000. Finally, Tidal Investments LLC purchased a new stake in shares of Applied Digital during the third quarter worth $95,000. Hedge funds and other institutional investors own 65.67% of the company’s stock.

Get Applied Digital alerts:

Analyst Upgrades and Downgrades

Several analysts recently issued reports on APLD shares. Northland Securities upped their price objective on shares of Applied Digital from $12.00 to $20.00 and gave the company an “outperform” rating in a research note on Tuesday, February 4th. Compass Point assumed coverage on Applied Digital in a research report on Tuesday, January 28th. They issued a “buy” rating and a $10.00 price target for the company. Cantor Fitzgerald reduced their price objective on Applied Digital from $14.00 to $7.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 15th. Needham & Company LLC restated a “buy” rating and issued a $10.00 target price on shares of Applied Digital in a report on Wednesday. Finally, HC Wainwright reduced their price target on Applied Digital from $12.00 to $7.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $10.67.

Applied Digital Trading Up 3.5 %

NASDAQ APLD opened at $4.70 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $1.06 billion, a P/E ratio of -2.72 and a beta of 5.18. Applied Digital Co. has a 52-week low of $2.63 and a 52-week high of $12.48. The firm has a 50-day moving average price of $6.34 and a 200 day moving average price of $7.66.

Applied Digital (NASDAQ:APLD – Get Free Report) last posted its quarterly earnings results on Monday, April 14th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). Applied Digital had a negative return on equity of 117.67% and a negative net margin of 127.86%. The company had revenue of $52.92 million for the quarter, compared to analyst estimates of $62.91 million. During the same period last year, the company earned ($0.24) earnings per share. Equities research analysts expect that Applied Digital Co. will post -0.96 EPS for the current year.

Applied Digital Company Profile

(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.