Applied Digital (NASDAQ:APLD) Trading Up 7.9% – Here’s Why

Posted by Francis Steltz on Jul 21st, 2026

Applied Digital Corporation (NASDAQ:APLD – Get Free Report) shot up 7.9% on Tuesday . The stock traded as high as $30.81 and last traded at $30.05. 23,048,514 shares traded hands during trading, a decline of 6% from the average session volume of 24,568,877 shares. The stock had previously closed at $27.85.

Analyst Ratings Changes

Several analysts have commented on the company. Lake Street Capital lifted their price target on Applied Digital from $70.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, June 9th. Craig Hallum increased their price objective on shares of Applied Digital from $75.00 to $79.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Applied Digital in a research report on Friday, April 24th. Wall Street Zen downgraded shares of Applied Digital from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Finally, B. Riley Financial reaffirmed a “buy” rating and set a $66.00 price target (up from $53.00) on shares of Applied Digital in a research report on Wednesday, May 27th. Three equities 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 presently has a consensus rating of “Moderate Buy” and an average price target of $70.56.

Get Our Latest Research Report on Applied Digital

Applied Digital Stock Up 7.9%

The stock has a market cap of $8.59 billion, a price-to-earnings ratio of -40.61 and a beta of 5.67. 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 stock has a fifty day moving average of $40.03 and a two-hundred day moving average of $34.50.

Insider Transactions at Applied Digital

In other news, Director Douglas S. Miller sold 10,000 shares of the firm’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $34.98, for a total value of $349,800.00. Following the transaction, the director directly 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 is available through this hyperlink. Also, Director Richard N. Nottenburg sold 12,500 shares of Applied Digital 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 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 35,000 shares of company stock worth $1,182,175. Company insiders own 9.50% of the company’s stock.

Institutional Investors Weigh In On Applied Digital

Several large investors have recently made changes to their positions in the business. Handelsbanken Fonder AB raised its stake 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 during the period. Whitaker Myers Wealth Managers LTD. purchased a new stake in Applied Digital during the 2nd quarter worth $1,841,000. Hennion & Walsh Asset Management Inc. boosted 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 during the period. TrueWealth Advisors LLC acquired a new stake in Applied Digital in the 2nd quarter valued at $381,000. Finally, FNY Investment Advisers LLC acquired a new stake in Applied Digital in the 2nd quarter valued at $37,000. 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.