Thompson Davis & CO. Inc. Sells 3,750 Shares of Applied Digital Co. (NASDAQ:APLD)

Thompson Davis & CO. Inc. decreased its stake in shares of Applied Digital Co. (NASDAQ:APLD) by 14.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 21,750 shares of the company’s stock after selling 3,750 shares during the period. Thompson Davis & CO. Inc.’s holdings in Applied Digital were worth $147,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of APLD. Equitec Proprietary Markets LLC boosted its stake in Applied Digital by 415.4% during the fourth quarter. Equitec Proprietary Markets LLC now owns 4,168,657 shares of the company’s stock worth $28,097,000 after acquiring an additional 3,359,845 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Applied Digital by 40.6% during the third quarter. Vanguard Group Inc. now owns 3,335,542 shares of the company’s stock valued at $20,814,000 after purchasing an additional 963,390 shares during the period. William Blair Investment Management LLC boosted its position in shares of Applied Digital by 110.9% during the 3rd quarter. William Blair Investment Management LLC now owns 1,152,940 shares of the company’s stock worth $7,194,000 after purchasing an additional 606,347 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Applied Digital by 57.9% in the 4th quarter. Van ECK Associates Corp now owns 1,263,034 shares of the company’s stock valued at $8,513,000 after buying an additional 463,172 shares during the period. Finally, Numerai GP LLC increased its position in Applied Digital by 370.3% in the 3rd quarter. Numerai GP LLC now owns 558,450 shares of the company’s stock valued at $3,485,000 after buying an additional 439,719 shares in the last quarter. Institutional investors own 65.67% of the company’s stock.

Applied Digital Stock Performance

Shares of Applied Digital stock remained flat at $2.71 on Tuesday. The stock had a trading volume of 1,266,507 shares, compared to its average volume of 3,632,658. Applied Digital Co. has a 12-month low of $2.36 and a 12-month high of $11.62. 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 stock’s 50-day simple moving average is $3.74 and its 200 day simple moving average is $4.90.

Analyst Ratings Changes

Several brokerages have issued reports on APLD. B. Riley cut their price target on Applied Digital from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Lake Street Capital cut their target price on Applied Digital from $19.00 to $7.00 and set a “buy” rating on the stock in a report on Friday, April 12th. Roth Mkm reduced their price target on shares of Applied Digital from $13.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, April 12th. Finally, Needham & Company LLC lowered their price objective on shares of Applied Digital from $13.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, April 12th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Applied Digital has an average rating of “Buy” and an average price target of $9.20.

Insider Buying and Selling

In other news, Director Virginia Moore sold 30,000 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $4.74, for a total value of $142,200.00. Following the completion of the sale, the director now owns 148,630 shares in the company, valued at $704,506.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 23.70% of the stock is currently owned by corporate insiders.

Applied Digital Company 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.