APLD stock icon

Applied Digital
APLD

$4.65
8.69%
 

About: Applied Digital Corp designs, develops and operates next-generation datacenters across North America to provide digital infrastructure solutions to the rapidly growing high performance computing industry.

Employees: 121

0
Funds holding %
of 6,689 funds
0
Analysts bullish %
of 11 analysts
0
News positive %
of 4 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

286% more call options, than puts

Call options by funds: $11.6M | Put options by funds: $3.02M

71% more repeat investments, than reductions

Existing positions increased: 53 | Existing positions reduced: 31

0% more funds holding in top 10

Funds holding in top 10: 4 [Q4 2023] → 4 (+0) [Q1 2024]

8.94% less ownership

Funds ownership: 61.7% [Q4 2023] → 52.76% (-8.94%) [Q1 2024]

16% less funds holding

Funds holding: 134 [Q4 2023] → 112 (-22) [Q1 2024]

38% less capital invested

Capital invested by funds: $442M [Q4 2023] → $274M (-$168M) [Q1 2024]

58% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 38

Research analyst outlook

11 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$5
8%
upside
Avg. target
$10.18
119%
upside
High target
$16
244%
upside

11 analyst ratings

11 positive
100%
neutral
0%
negative
0%
Needham
John Todaro
137%upside
$11
Buy
Reiterated
14 Jun 2024
HC Wainwright & Co.
Kevin Dede
8%upside
$5
Buy
Reiterated
12 Jun 2024
Needham
John Todaro
137%upside
$11
Buy
Reiterated
17 May 2024
B. Riley Securities
Lucas Pipes
29%upside
$6
Buy
Maintained
6 May 2024
Lake Street
Rob Brown
51%upside
$7
Buy
Maintained
12 Apr 2024

Financial journalist opinion

Based on 4 articles about APLD published over the past 30 days

Neutral
GlobeNewsWire
3 weeks ago
Applied Digital Issues Unsecured Convertible Debenture to Advance HPC Data Center Project in Ellendale, North Dakota
DALLAS, May 24, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (“HPC”) applications, announced that the Company recently entered into a private financing agreement with a single investor (the “Investor”), in which it issued a $42,131,579 unsecured convertible debenture. The convertible debenture bears no interest, has an original issue discount of five percent and has a term of 54 weeks. The conversion price for the note is the lower (a) $8.00 and (b) 95% of the lowest daily volume weighted average price of the Company's common stock during the five trading days immediately prior to the date of conversion. Below $8.00, the Investor is limited to converting no more than $16.0 million per month in the aggregate across all convertible debentures held by the Investor, which is roughly five percent of the previous thirty days value traded or less than two days of liquidity. Subject to the Investor's right to convert, the Company may prepay the note at any time that the Company's common stock trades below $8.00 or the thirtieth trading day after the registration statement registering the resale of the note's underlying shares becomes effective. The Investor has contractually agreed not to short the stock during the term of the note.
Applied Digital Issues Unsecured Convertible Debenture to Advance HPC Data Center Project in Ellendale, North Dakota