ICA Group Wealth Management LLC Has $112,000 Stake in Applied Digital Co. (NASDAQ:APLD)

ICA Group Wealth Management LLC grew its holdings in Applied Digital Co. (NASDAQ:APLD) by 56.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,750 shares of the company’s stock after purchasing an additional 6,795 shares during the quarter. ICA Group Wealth Management LLC’s holdings in Applied Digital were worth $112,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Oasis Management Co Ltd. lifted its holdings in shares of Applied Digital by 23.6% during the fourth quarter. Oasis Management Co Ltd. now owns 4,928,129 shares of the company’s stock worth $33,216,000 after buying an additional 940,075 shares during the last quarter. Woodmont Investment Counsel LLC raised its stake in Applied Digital by 4.2% during the 1st quarter. Woodmont Investment Counsel LLC now owns 250,319 shares of the company’s stock valued at $1,071,000 after purchasing an additional 10,149 shares during the last quarter. Jump Financial LLC acquired a new position in Applied Digital during the 4th quarter valued at $107,000. Vanguard Group Inc. boosted its holdings in Applied Digital by 70.2% in the 1st quarter. Vanguard Group Inc. now owns 6,176,073 shares of the company’s stock valued at $26,434,000 after purchasing an additional 2,547,485 shares during the period. Finally, Register Financial Advisors LLC grew its position in Applied Digital by 74.0% in the 1st quarter. Register Financial Advisors LLC now owns 323,400 shares of the company’s stock worth $1,384,000 after purchasing an additional 137,500 shares during the last quarter. 65.67% of the stock is currently owned by institutional investors.

Applied Digital Price Performance

NASDAQ:APLD opened at $6.09 on Monday. The firm has a market cap of $835.60 million, a PE ratio of -7.71 and a beta of 4.51. The company’s 50-day moving average price is $4.81 and its two-hundred day moving average price is $4.39. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 1.14. Applied Digital Co. has a 12 month low of $2.36 and a 12 month high of $8.65.

Applied Digital (NASDAQ:APLD) last released its quarterly earnings results on Wednesday, August 28th. The company reported ($0.52) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.29). Applied Digital had a negative return on equity of 111.80% and a negative net margin of 88.95%. The business had revenue of $43.70 million for the quarter, compared to the consensus estimate of $42.70 million. During the same quarter last year, the company earned ($0.07) earnings per share. On average, equities analysts anticipate that Applied Digital Co. will post -1.02 EPS for the current fiscal year.

Insider Activity at Applied Digital

In other news, Director Douglas S. Miller sold 10,000 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $5.50, for a total value of $55,000.00. Following the transaction, the director now owns 218,506 shares of the company’s stock, valued at approximately $1,201,783. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 20.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Roth Mkm reissued a “buy” rating and set a $10.00 target price on shares of Applied Digital in a research report on Thursday, September 5th. B. Riley boosted their price objective on Applied Digital from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Friday. Needham & Company LLC restated a “buy” rating and issued a $11.00 target price on shares of Applied Digital in a research note on Monday, September 9th. Finally, HC Wainwright reiterated a “buy” rating and set a $5.00 price target on shares of Applied Digital in a research note on Thursday, August 29th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $8.40.

Applied Digital Profile

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.