Applied Digital (NASDAQ:APLD) Trading Down 10.3% – Here’s What Happened

Posted by Stanley Muller on Jun 5th, 2026

Applied Digital Corporation (NASDAQ:APLD – Get Free Report) shares traded down 10.3% on Friday . The company traded as low as $37.69 and last traded at $39.62. 21,698,261 shares changed hands during trading, a decline of 16% from the average session volume of 25,766,396 shares. The stock had previously closed at $44.15.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on APLD shares. B. Riley Financial restated a “buy” rating and issued a $66.00 price target (up from $53.00) on shares of Applied Digital in a research note on Wednesday, May 27th. Zacks Research raised shares of Applied Digital from a “strong sell” rating to a “hold” rating in a report on Thursday, May 7th. Roth Mkm restated a “buy” rating and set a $65.00 target price on shares of Applied Digital in a research report on Thursday, April 23rd. Citizens Jmp raised their target price on shares of Applied Digital from $40.00 to $60.00 and gave the stock a “market outperform” rating in a report on Thursday, May 21st. Finally, Citigroup reiterated an “outperform” rating on shares of Applied Digital in a research report on Thursday, May 21st. Three research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $59.11.

Read Our Latest Analysis on APLD

Applied Digital Trading Down 10.3%

The company has a debt-to-equity ratio of 1.65, a quick ratio of 2.38 and a current ratio of 2.38. The company has a market capitalization of $11.32 billion, a price-to-earnings ratio of -53.54 and a beta of 5.69. The firm has a fifty day moving average price of $35.96 and a 200-day moving average price of $32.00.

Applied Digital (NASDAQ:APLD – Get Free Report) last posted its quarterly earnings data on Wednesday, April 8th. The company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.23). The firm had revenue of $108.55 million for the quarter, compared to the consensus estimate of $78.47 million. Applied Digital had a negative return on equity of 15.91% and a negative net margin of 52.84%.The company’s revenue for the quarter was up 139.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.08) EPS. As a group, equities analysts anticipate that Applied Digital Corporation will post -0.68 EPS for the current year.

Insider Activity at Applied Digital

In other news, Director Douglas S. Miller sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The shares were 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 approximately $6,466,367.82. This represents a 5.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Richard N. Nottenburg sold 12,500 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $34.59, for a total transaction of $432,375.00. Following the sale, the director owned 208,378 shares in the company, valued at $7,207,795.02. This represents a 5.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 35,000 shares of company stock valued at $1,182,175 over the last 90 days. Corporate insiders own 9.50% of the company’s stock.

Institutional Investors Weigh In On Applied Digital

A number of large investors have recently modified their holdings of APLD. Newbridge Financial Services Group Inc. raised its holdings in shares of Applied Digital by 8.6% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,800 shares of the company’s stock worth $93,000 after buying an additional 300 shares in the last quarter. Concurrent Investment Advisors LLC boosted its stake in Applied Digital by 1.5% in the fourth quarter. Concurrent Investment Advisors LLC now owns 21,332 shares of the company’s stock valued at $523,000 after buying an additional 318 shares in the last quarter. Brookstone Capital Management boosted its stake in Applied Digital by 3.6% in the fourth quarter. Brookstone Capital Management now owns 9,275 shares of the company’s stock valued at $227,000 after buying an additional 321 shares in the last quarter. ProShare Advisors LLC grew its position in Applied Digital by 1.0% in the third quarter. ProShare Advisors LLC now owns 36,652 shares of the company’s stock valued at $841,000 after acquiring an additional 376 shares during the last quarter. Finally, Independent Advisor Alliance raised its stake in Applied Digital by 4.6% during the fourth quarter. Independent Advisor Alliance now owns 9,215 shares of the company’s stock worth $226,000 after acquiring an additional 407 shares in the last quarter. 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.