Applied Digital (NASDAQ:APLD) Trading Down 4.2% – Here’s Why

Posted by Stanley Muller on Jun 26th, 2026

Applied Digital Corporation (NASDAQ:APLD – Get Free Report) shares were down 4.2% during trading on Friday . The stock traded as low as $37.96 and last traded at $39.2180. Approximately 47,201,363 shares were traded during mid-day trading, an increase of 86% from the average daily volume of 25,315,219 shares. The stock had previously closed at $40.95.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on APLD shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Applied Digital in a research report on Friday, April 24th. Wall Street Zen lowered shares of Applied Digital from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Roth Mkm restated a “buy” rating and issued a $65.00 price target on shares of Applied Digital in a report on Thursday, April 23rd. Needham & Company LLC boosted their price objective on shares of Applied Digital from $66.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Applied Digital in a report on Tuesday, June 9th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $70.56.

View Our Latest Research Report on Applied Digital

Applied Digital Stock Performance

The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.65. The company has a market capitalization of $11.21 billion, a PE ratio of -53.00 and a beta of 5.69. The business has a 50 day simple moving average of $41.27 and a 200 day simple moving average of $33.88.

Applied Digital (NASDAQ:APLD – Get Free Report) last issued its quarterly earnings results on Wednesday, April 8th. The company reported ($0.36) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.23). The business had revenue of $108.55 million for the quarter, compared to analysts’ expectations of $78.47 million. Applied Digital had a negative return on equity of 15.91% and a negative net margin of 52.84%.Applied Digital’s revenue was up 139.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.08) EPS. Equities research analysts predict that Applied Digital Corporation will post -0.68 EPS for the current fiscal year.

Insider Buying and Selling

In other Applied Digital news, Director Douglas S. Miller sold 10,000 shares of the firm’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $34.98, for a total value of $349,800.00. Following the completion of the transaction, the director owned 184,859 shares of the company’s stock, valued at approximately $6,466,367.82. This trade represents a 5.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Richard N. Nottenburg sold 12,500 shares of Applied Digital stock in a transaction 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 of the company’s stock, valued at $7,207,795.02. The trade was a 5.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 35,000 shares of company stock worth $1,182,175 in the last 90 days. 9.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Applied Digital

Hedge funds and other institutional investors have recently bought and sold shares of the business. Newbridge Financial Services Group Inc. lifted its stake in Applied Digital by 8.6% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,800 shares of the company’s stock valued at $93,000 after acquiring an additional 300 shares during the period. Concurrent Investment Advisors LLC raised its holdings in shares of Applied Digital by 1.5% during the fourth quarter. Concurrent Investment Advisors LLC now owns 21,332 shares of the company’s stock worth $523,000 after purchasing an additional 318 shares during the last quarter. Brookstone Capital Management lifted its position in Applied Digital by 3.6% during the fourth quarter. Brookstone Capital Management now owns 9,275 shares of the company’s stock valued at $227,000 after purchasing an additional 321 shares during the period. Independent Advisor Alliance boosted its holdings in Applied Digital by 4.6% in the fourth quarter. Independent Advisor Alliance now owns 9,215 shares of the company’s stock valued at $226,000 after purchasing an additional 407 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Applied Digital by 7.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,951 shares of the company’s stock worth $137,000 after purchasing an additional 408 shares during the period. 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.