Applied Digital (NASDAQ:APLD) Trading Down 6.9% – Time to Sell?

Posted by Geri Gentry on Jul 2nd, 2026

Applied Digital Corporation (NASDAQ:APLD – Get Free Report)’s share price traded down 6.9% on Thursday . The stock traded as low as $31.72 and last traded at $33.06. Approximately 24,532,539 shares changed hands during trading, a decline of 3% from the average daily volume of 25,203,609 shares. The stock had previously closed at $35.52.

Wall Street Analysts Forecast Growth

APLD has been the subject of several research reports. Lake Street Capital upped their target price on shares of Applied Digital from $70.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Citigroup restated a “market outperform” rating on shares of Applied Digital in a research report on Tuesday, June 9th. Wall Street Zen lowered Applied Digital from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Zacks Research cut Applied Digital from a “hold” rating to a “strong sell” rating in a report on Monday, June 8th. Finally, Needham & Company LLC increased their price objective on Applied Digital from $66.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Three research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Applied Digital currently has a consensus rating of “Moderate Buy” and an average price target of $70.56.

View Our Latest Stock Analysis on APLD

Applied Digital Trading Down 6.9%

The stock has a market capitalization of $9.45 billion, a P/E ratio of -44.68 and a beta of 5.67. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.65. The stock’s fifty day moving average price is $41.78 and its two-hundred day moving average price is $34.04.

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

Insider Activity

In other Applied Digital news, Director Douglas S. Miller sold 10,000 shares of the company’s stock in a transaction dated 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 directly owned 184,859 shares in the company, valued at $6,466,367.82. This represents a 5.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Richard N. Nottenburg sold 12,500 shares of the firm’s stock in a transaction dated 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 in the company, valued at $7,207,795.02. This trade represents a 5.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 35,000 shares of company stock valued at $1,182,175. Company insiders own 9.50% of the company’s stock.

Institutional Trading of Applied Digital

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Noble Wealth Management PBC purchased a new stake in shares of Applied Digital during the fourth quarter valued at approximately $25,000. Albion Financial Group UT purchased a new position in shares of Applied Digital in the fourth quarter worth $25,000. Activest Wealth Management purchased a new position in shares of Applied Digital in the fourth quarter worth $25,000. Ameriflex Group Inc. bought a new stake in Applied Digital during the 4th quarter valued at $25,000. Finally, McMillan Office Inc. bought a new stake in Applied Digital during the 4th quarter valued at $25,000. Institutional investors own 65.67% of the company’s stock.

About Applied Digital

(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.