Applied Digital (NASDAQ:APLD) Trading Down 8.9% – Here’s What Happened

Posted by Brian Himes on Jul 16th, 2026

Shares of Applied Digital Corporation (NASDAQ:APLD – Get Free Report) fell 8.9% during mid-day trading on Thursday . The stock traded as low as $25.82 and last traded at $26.44. 18,371,459 shares changed hands during trading, a decline of 25% from the average session volume of 24,612,820 shares. The stock had previously closed at $29.03.

Wall Street Analyst Weigh In

APLD has been the topic of a number of research reports. Lucid Cap Mkts raised Applied Digital to a “strong-buy” rating in a research note on Wednesday, May 27th. Roth Capital reaffirmed a “buy” rating and set a $65.00 target price on shares of Applied Digital in a research note on Thursday, April 23rd. Citizens Jmp lifted their target price on Applied Digital from $40.00 to $60.00 and gave the stock a “market outperform” rating in a report on Thursday, May 21st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Applied Digital in a research report on Friday, April 24th. Finally, B. Riley Financial reissued a “buy” rating and issued a $66.00 price target (up from $53.00) on shares of Applied Digital in a report on Wednesday, May 27th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Applied Digital presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.56.

Check Out Our Latest Stock Analysis on APLD

Applied Digital Stock Down 8.9%

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 firm has a market capitalization of $7.56 billion, a price-to-earnings ratio of -35.73 and a beta of 5.67. The stock has a fifty day moving average of $40.97 and a 200-day moving average of $34.45.

Insiders Place Their Bets

In related news, Director Douglas S. Miller sold 10,000 shares of the stock in a transaction on Monday, April 27th. The stock was 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 in the company, valued at $6,466,367.82. This trade represents a 5.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard N. Nottenburg sold 12,500 shares of Applied Digital stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $34.59, for a total value of $432,375.00. Following the completion of the transaction, the director directly owned 208,378 shares in the company, valued at $7,207,795.02. This represents a 5.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 35,000 shares of company stock valued at $1,182,175 in the last quarter. 9.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in APLD. Handelsbanken Fonder AB lifted its position in shares of Applied Digital by 1.0% in the 2nd quarter. Handelsbanken Fonder AB now owns 71,600 shares of the company’s stock valued at $2,671,000 after acquiring an additional 700 shares in the last quarter. Whitaker Myers Wealth Managers LTD. purchased a new position in Applied Digital during the 2nd quarter worth approximately $1,841,000. Hennion & Walsh Asset Management Inc. grew its position in Applied Digital by 102.3% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 41,787 shares of the company’s stock worth $1,559,000 after purchasing an additional 21,130 shares in the last quarter. TrueWealth Advisors LLC acquired a new stake in Applied Digital during the 2nd quarter valued at $381,000. Finally, FNY Investment Advisers LLC acquired a new stake in Applied Digital during the 2nd quarter valued at $37,000. 65.67% of the stock is owned by hedge funds and other institutional investors.

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.