Applied Digital (NASDAQ:APLD) Trading 3.5% Higher – Still a Buy?

Posted by George Bondi on May 13th, 2026

Applied Digital Corporation (NASDAQ:APLD – Get Free Report)’s share price was up 3.5% on Wednesday . The company traded as high as $46.28 and last traded at $45.48. Approximately 15,221,945 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 26,550,092 shares. The stock had previously closed at $43.93.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Zacks Research raised Applied Digital from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 7th. Wall Street Zen cut Applied Digital from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Northland Securities set a $56.00 price target on shares of Applied Digital in a research note on Wednesday, January 28th. Needham & Company LLC raised their price objective on shares of Applied Digital to $48.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Finally, Citizens Jmp restated a “market outperform” rating and set a $40.00 price objective on shares of Applied Digital in a research report on Thursday, April 9th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Applied Digital presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.33.

Read Our Latest Report on APLD

Applied Digital Price Performance

The company has a fifty day moving average price of $29.89 and a two-hundred day moving average price of $30.35. The firm has a market capitalization of $13.00 billion, a PE ratio of -61.46 and a beta of 5.69. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.65.

Applied Digital (NASDAQ:APLD – Get Free Report) last released its quarterly earnings results on Wednesday, April 8th. The company reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.23). Applied Digital had a negative return on equity of 15.91% and a negative net margin of 52.84%.The firm had revenue of $108.55 million for the quarter, compared to analyst estimates of $78.47 million. During the same period last year, the firm earned ($0.08) EPS. The company’s quarterly revenue was up 139.3% on a year-over-year basis. Sell-side analysts forecast that Applied Digital Corporation will post -0.61 earnings per share for the current year.

Insiders Place Their Bets

In other Applied Digital news, Director Richard N. Nottenburg sold 12,500 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $34.59, for a total value of $432,375.00. Following the transaction, the director directly owned 208,378 shares of the company’s stock, valued at approximately $7,207,795.02. The trade was a 5.66% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Douglas S. Miller sold 10,000 shares of the firm’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $34.98, for a total transaction of $349,800.00. Following the completion of the sale, the director owned 184,859 shares of the company’s stock, valued at $6,466,367.82. This trade represents a 5.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 35,000 shares of company stock worth $1,182,175. 9.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Applied Digital

Several institutional investors and hedge funds have recently added to or reduced their stakes in APLD. Noble Wealth Management PBC acquired a new stake in shares of Applied Digital in the 4th quarter valued at approximately $25,000. Albion Financial Group UT acquired a new stake in Applied Digital in the fourth quarter valued at $25,000. Activest Wealth Management purchased a new stake in shares of Applied Digital during the 4th quarter worth $25,000. Ameriflex Group Inc. purchased a new stake in shares of Applied Digital during the 4th quarter worth $25,000. Finally, McMillan Office Inc. acquired a new position in shares of Applied Digital during the 4th quarter worth $25,000. Institutional investors and hedge funds own 65.67% of the company’s stock.

Applied Digital Company Profile

(Get Free Report)

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.