Applied Digital (NASDAQ:APLD) Trading 7.3% Higher – Here’s Why

Posted by Brenda Bartman on Aug 25th, 2026

Applied Digital Corporation (NASDAQ:APLD – Get Free Report) shares rose 7.3% during trading on Tuesday . The company traded as high as $28.93 and last traded at $28.85. Approximately 13,233,094 shares changed hands during mid-day trading, a decline of 44% from the average session volume of 23,647,449 shares. The stock had previously closed at $26.89.

Wall Street Analysts Forecast Growth

APLD has been the subject of a number of recent research reports. Needham & Company LLC restated a “buy” rating and set a $83.00 target price on shares of Applied Digital in a research report on Tuesday, July 28th. Citizens Jmp lifted their price objective on Applied Digital from $40.00 to $60.00 and gave the stock a “market outperform” rating in a research report on Thursday, May 21st. Zacks Research raised Applied Digital from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. Citigroup restated a “market outperform” rating on shares of Applied Digital in a research report on Monday, August 3rd. Finally, Wall Street Zen upgraded shares of Applied Digital from a “strong sell” rating to a “sell” rating in a research report on Saturday. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $68.15.

Check Out Our Latest Stock Analysis on Applied Digital

Applied Digital Stock Up 7.3%

The company has a debt-to-equity ratio of 2.88, a current ratio of 4.01 and a quick ratio of 4.01. The stock has a market cap of $8.41 billion, a price-to-earnings ratio of -32.42 and a beta of 5.75. The firm has a 50 day simple moving average of $32.39 and a two-hundred day simple moving average of $33.50.

Applied Digital (NASDAQ:APLD – Get Free Report) last posted its earnings results on Monday, July 27th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.30). The company had revenue of $240.35 million for the quarter, compared to analyst estimates of $96.85 million. Applied Digital had a negative return on equity of 16.42% and a negative net margin of 37.78%.Applied Digital’s quarterly revenue was up 406.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.24) earnings per share. As a group, sell-side analysts expect that Applied Digital Corporation will post -1.09 EPS for the current year.

Insider Activity at Applied Digital

In related news, Director Richard N. Nottenburg sold 75,000 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $31.15, for a total transaction of $2,336,250.00. Following the sale, the director owned 133,378 shares of the company’s stock, valued at approximately $4,154,724.70. This trade represents a 35.99% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 9.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. California State Teachers Retirement System lifted its position in shares of Applied Digital by 3,718.0% in the second quarter. California State Teachers Retirement System now owns 11,121,928 shares of the company’s stock valued at $414,848,000 after buying an additional 10,830,623 shares during the last quarter. Equitec Proprietary Markets LLC bought a new position in Applied Digital during the second quarter worth about $312,349,000. Vanguard Group Inc. raised its holdings in Applied Digital by 36.4% in the 4th quarter. Vanguard Group Inc. now owns 24,168,082 shares of the company’s stock valued at $592,601,000 after acquiring an additional 6,445,908 shares in the last quarter. Value Aligned Research Advisors LLC bought a new position in Applied Digital in the 4th quarter valued at about $138,380,000. Finally, Situational Awareness LP lifted its stake in Applied Digital by 87.0% during the fourth quarter. Situational Awareness LP now owns 11,339,060 shares of the company’s stock worth $278,034,000 after purchasing an additional 5,274,905 shares during the last quarter. Institutional investors 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.