Applied Digital (NASDAQ:APLD) Stock Price Down 6.7% – What’s Next?

Posted by Geri Gentry on Nov 6th, 2026

Applied Digital Corporation (NASDAQ:APLD – Get Free Report) fell 6.7% during trading on Wednesday. The company traded as low as $16.06 and last traded at $16.61. Approximately 34,876,307 shares were traded during mid-day trading, an increase of 50% from the average daily volume of 23,212,996 shares. The stock had previously closed at $17.81.

Applied Digital News Summary

Here are the key news stories impacting Applied Digital this week:

Positive Sentiment: APLD participated in a broader data-center stock rebound after a rival said its targeted annualized revenue of more than $4 billion was fully funded. The news may have improved sentiment toward the sector, though Applied Digital still needs to secure financing for roughly 800 megawatts of planned capacity over the next 12 months. Read More.
Positive Sentiment: Applied Digital’s CEO was reported to have bought company shares after the stock’s decline, a potential signal of confidence from an insider. Read More.
Neutral Sentiment: The company held its 2026 annual stockholder meeting; the brief announcement did not describe a major new business development. Read More.
Negative Sentiment: The rebound follows a roughly 39% decline over the past month and a 40.6% drop since its latest earnings report, as investors have sold off AI data-center and infrastructure stocks. Read More.
Negative Sentiment: Concerns about a proposed Texas pause on new data-center approvals intensified the sector selloff, even though Applied Digital’s signed leases are outside Texas. The episode highlights regulatory risk and broad investor sensitivity to data-center projects. Read More.

Analyst Upgrades and Downgrades

APLD has been the subject of several recent analyst reports. UBS Group reaffirmed a “buy” rating on shares of Applied Digital in a report on Thursday, October 8th. Needham & Company LLC reduced their price target on Applied Digital from $83.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, October 8th. Rothschild & Co Redburn set a $22.00 target price on shares of Applied Digital and gave the company a “neutral” rating in a research note on Monday, September 21st. Morgan Stanley set a $41.00 target price on Applied Digital and gave the company an “equal weight” rating in a report on Friday, October 9th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Applied Digital in a research note on Monday, October 19th. Three analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Applied Digital presently has an average rating of “Moderate Buy” and a consensus target price of $57.75.

Read Our Latest Report on APLD

Applied Digital Trading Up 9.7%

The company has a debt-to-equity ratio of 3.90, a quick ratio of 2.56 and a current ratio of 2.56. The business has a fifty day moving average price of $22.92 and a 200 day moving average price of $30.85. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of -9.48 and a beta of 5.58.

Applied Digital (NASDAQ:APLD – Get Free Report) last posted its earnings results on Wednesday, October 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.29. The company had revenue of $300.39 million for the quarter, compared to analysts’ expectations of $116.29 million. Applied Digital had a negative return on equity of 27.21% and a negative net margin of 51.28%. The firm’s quarterly revenue was up 367.8% compared to the same quarter last year. During the same period last year, the business posted ($0.03) earnings per share. As a group, equities analysts forecast that Applied Digital Corporation will post -2.17 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Wes Cummins purchased 55,803 shares of the business’s stock in a transaction that occurred on Friday, October 16th. The shares were acquired at an average cost of $18.04 per share, for a total transaction of $1,006,686.12. Following the transaction, the chief executive officer directly owned 5,874,453 shares of the company’s stock, valued at approximately $105,975,132.12. The trade was a 0.96% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard Nottenburg sold 31,250 shares of the company’s stock in a transaction that occurred on Tuesday, October 13th. The shares were sold at an average price of $21.84, for a total transaction of $682,500.00. Following the completion of the transaction, the director owned 102,128 shares of the company’s stock, valued at $2,230,475.52. This trade represents a 23.43% decrease in their position. The SEC filing for this sale provides additional information. 9.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Situational Awareness LP increased its holdings in Applied Digital by 18.9% during the first quarter. Situational Awareness LP now owns 13,478,438 shares of the company’s stock valued at $319,978,000 after buying an additional 2,139,378 shares during the period. Equitec Proprietary Markets LLC acquired a new stake in shares of Applied Digital during the second quarter worth about $312,349,000. Hsbc Holdings PLC raised its holdings in shares of Applied Digital by 6.2% during the first quarter. Hsbc Holdings PLC now owns 1,240,239 shares of the company’s stock worth $28,377,000 after purchasing an additional 72,460 shares during the last quarter. Sei Investments Co. grew its holdings in Applied Digital by 33.0% during the first quarter. Sei Investments Co. now owns 1,093,701 shares of the company’s stock worth $25,964,000 after acquiring an additional 271,618 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Applied Digital by 32.7% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 581,255 shares of the company’s stock valued at $21,681,000 after purchasing an additional 143,308 shares in the last quarter. Institutional investors and hedge funds own 65.67% of the company’s stock.

Applied Digital Company Profile

(Get Free Report)

Applied Digital Corporation (NASDAQ: APLD) develops and operates digital infrastructure designed to support high-performance computing and artificial intelligence applications. The company provides data-center capacity, hosting services and related infrastructure for customers that require substantial computing power and energy resources.

Its business includes high-performance computing data centers and cloud services intended to support artificial intelligence, machine learning, cryptocurrency mining and other compute-intensive workloads.