Applied Digital (NASDAQ:APLD) Director Richard Nottenburg Sells 12,000 Shares of Stock

Applied Digital Corporation (NASDAQ:APLD) Director Richard Nottenburg sold 12,000 shares of Applied Digital stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $35.45, for a total transaction of $425,400.00. Following the transaction, the director directly owned 233,378 shares of the company’s stock, valued at approximately $8,273,250.10. This trade represents a 4.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Applied Digital Price Performance

Shares of APLD opened at $37.40 on Friday. The stock has a market cap of $10.46 billion, a PE ratio of -69.26 and a beta of 6.89. The company has a debt-to-equity ratio of 1.79, a quick ratio of 4.82 and a current ratio of 4.82. Applied Digital Corporation has a fifty-two week low of $3.31 and a fifty-two week high of $40.20. The firm’s 50-day simple moving average is $27.82 and its two-hundred day simple moving average is $22.67.

Applied Digital (NASDAQ:APLD) last released its earnings results on Wednesday, January 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.02). Applied Digital had a negative net margin of 43.49% and a negative return on equity of 13.53%. The business had revenue of $126.59 million for the quarter, compared to analysts’ expectations of $82.22 million. During the same quarter in the previous year, the business posted ($0.06) earnings per share. Applied Digital’s revenue for the quarter was up 250.1% on a year-over-year basis. Analysts anticipate that Applied Digital Corporation will post -0.96 earnings per share for the current fiscal year.

Applied Digital News Summary

Here are the key news stories impacting Applied Digital this week:

• Positive Sentiment: MarketBeat ranks APLD as the leading GPU‑as‑a‑Service play for 2026 after a blowout Q4, citing nearly 100% revenue growth, analyst upgrades and advance contracts that suggest the company’s Phase II capacity is largely sold out — a major demand signal for future revenue and margin expansion. The 5 Best GPU-as-a-Service Providers for 2026—And 1 Clear Winner
• Positive Sentiment: Management move: Applied Digital promoted co‑founder Jason Zhang to President, signaling leadership continuity and deeper founder involvement as the company scales data‑center and GPU hosting operations. This supports investor confidence on execution risk. Applied Digital Appoints Co-Founder Jason Zhang as President
• Positive Sentiment: Street momentum: APLD is highlighted in MarketBeat small‑cap features and has seen analysts lift targets and ratings following the quarter, which supports further upside if execution and contract wins continue. 5 Hot Small Caps Setting Up for Big Gains: Buy, Sell, or Hold?
• Neutral Sentiment: Industry/structural analysis: Longer‑term writeups (e.g., Seeking Alpha) discuss a “REIT angle” and capital‑structure considerations for Applied Digital’s asset‑heavy model — useful for evaluating valuation and cash flow durability but not an immediate share‑price catalyst. Applied Digital: The REIT Angle No One Talks About
• Negative Sentiment: Insider selling: Multiple director sales have been disclosed this week — Richard N. Nottenburg sold ~23,606 shares across Jan. 14–15 (SEC Form 4), and Director Douglas Miller sold 10,000 shares earlier — prompting reports of intraday weakness tied to insider activity. Investors often view clustered director sales as a short‑term negative signal even when holders remain large. Nottenburg Form 4 (Insider Sale) Miller Form 4 (Insider Sale)
• Negative Sentiment: Market reaction note: Coverage flagged a short‑term pullback after the insider sales (reports noted a ~1–2% intraday decline tied to the disclosures), underscoring that insider activity can temporarily damp momentum despite strong fundamentals. Applied Digital Trading Down Following Insider Selling

Hedge Funds Weigh In On Applied Digital

A number of hedge funds have recently bought and sold shares of APLD. BNP Paribas Financial Markets boosted its holdings in shares of Applied Digital by 24,356.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 5,219,565 shares of the company’s stock valued at $52,561,000 after acquiring an additional 5,198,223 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Applied Digital by 23.2% during the third quarter. Vanguard Group Inc. now owns 17,722,174 shares of the company’s stock valued at $406,547,000 after purchasing an additional 3,339,062 shares during the last quarter. Two Sigma Investments LP bought a new position in Applied Digital during the third quarter valued at approximately $69,535,000. Situational Awareness LP boosted its holdings in Applied Digital by 63.3% in the second quarter. Situational Awareness LP now owns 6,591,800 shares of the company’s stock worth $66,379,000 after purchasing an additional 2,556,200 shares during the last quarter. Finally, HRT Financial LP bought a new stake in Applied Digital in the 2nd quarter worth approximately $14,759,000. Hedge funds and other institutional investors own 65.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Craig Hallum increased their target price on Applied Digital to $39.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Lake Street Capital reissued a “buy” rating and set a $45.00 price objective on shares of Applied Digital in a research report on Tuesday, December 30th. Freedom Capital upgraded shares of Applied Digital to a “strong-buy” rating in a research note on Tuesday, January 6th. Arete started coverage on shares of Applied Digital in a research note on Wednesday, January 7th. They issued a “buy” rating on the stock. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Applied Digital in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $33.27.

About Applied Digital

Applied Digital (NASDAQ: APLD) is a technology company specializing in the development and operation of large-scale digital infrastructure and sustainable Bitcoin mining solutions. Through its integrated platform, the company designs, builds and manages turnkey data center facilities while also providing comprehensive hosting services for cloud, colocation and enterprise computing needs. Applied Digital’s modular approach to facility design enables rapid deployment of capacity and streamlined integration of power, cooling and network connectivity.

In addition to its data center business, Applied Digital operates a network of Bitcoin mining sites that leverage vertically integrated capabilities, including hardware procurement, mining farm engineering, energy management and real-time performance monitoring.