Two Sigma Investments Adds $57M in Applied Digital Corporation ($APLD)
Key Points
- Two Sigma Investments changed its Applied Digital Corporation ($APLD) stake by 402.2% last quarter, boosting to 1,592,602 shares worth $70.89 million.
- Wall Street's consensus rating on $APLD is Strong Buy and an average price target of $71.00.
- $APLD last traded around $44.51.
Two Sigma Investments increased its position in Applied Digital Corporation ($APLD) by 402.2% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,592,602 shares of Applied Digital Corporation after buying 1,275,484 shares during the quarter. Two Sigma Investments's holdings in Applied Digital Corporation were worth $70.89 million as of its most recent filing.
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About Applied Digital Corporation
Applied Digital Corporation designs, develops, and operates digital infrastructure solutions to high-performance computing (HPC) and artificial intelligence industries in North America. It operates through: Data Center Hosting Business, and HPC Hosting Business. The company offers infrastructure services to crypto mining customers; and GPU computing solutions for critical workloads related to AI, machine learning, and other HPC tasks. It also engages in the designing, constructing, and managing of data centers to support HPC applications. The company was formerly known as Applied Blockchain, Inc. and changed its name to Applied Digital Corporation in November 2022. Applied Digital Corporation has an lease agreement with CoreWeave for an additional 150MW at its Polaris Forge 1 Campus in Ellendale, North Dakota. Applied Digital Corporation is based in Dallas, Texas.
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