Applied Digital (NASDAQ:APLD) Shares Down 4.1% – Here’s Why

Posted by Brenda Bartman on Sep 9th, 2026

Applied Digital Corporation (NASDAQ:APLD – Get Free Report)’s stock price traded down 4.1% during trading on Wednesday . The stock traded as low as $27.04 and last traded at $27.14. Approximately 11,618,541 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 23,170,385 shares. The stock had previously closed at $28.31.

Analyst Upgrades and Downgrades

APLD has been the subject of several research reports. Craig Hallum upped their price target on shares of Applied Digital from $75.00 to $79.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Compass Point reissued a “buy” rating and issued a $70.00 price objective on shares of Applied Digital in a research note on Friday, May 22nd. B. Riley Financial restated a “buy” rating and set a $75.00 target price (up from $66.00) on shares of Applied Digital in a report on Monday, August 3rd. Morgan Stanley increased their target price on Applied Digital from $36.50 to $37.50 and gave the company an “equal weight” rating in a research report on Thursday, August 6th. Finally, Lucid Cap Mkts raised Applied Digital to a “strong-buy” rating in a research report on Wednesday, May 27th. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Applied Digital presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.15.

Read Our Latest Stock Report on APLD

Applied Digital Stock Down 4.1%

The business’s fifty day moving average price is $28.74 and its two-hundred day moving average price is $32.87. The company has a debt-to-equity ratio of 2.88, a quick ratio of 4.01 and a current ratio of 4.01. The firm has a market capitalization of $7.91 billion, a P/E ratio of -30.49 and a beta of 5.72.

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

Insider Buying and Selling at Applied Digital

In other news, Director Richard 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 value of $2,336,250.00. Following the completion of the sale, the director owned 133,378 shares of the company’s stock, valued at $4,154,724.70. This trade represents a 35.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 9.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in APLD. AQR Capital Management LLC boosted its holdings in Applied Digital by 84.8% in the first quarter. AQR Capital Management LLC now owns 18,945 shares of the company’s stock worth $106,000 after acquiring an additional 8,692 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Applied Digital by 239.1% in the 1st quarter. NewEdge Advisors LLC now owns 33,267 shares of the company’s stock valued at $187,000 after purchasing an additional 23,457 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Applied Digital by 113.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 6,667 shares of the company’s stock worth $37,000 after purchasing an additional 3,542 shares in the last quarter. Strs Ohio acquired a new stake in Applied Digital in the 1st quarter worth approximately $71,000. Finally, Cetera Investment Advisers boosted its stake in Applied Digital by 61.0% in the 2nd quarter. Cetera Investment Advisers now owns 61,656 shares of the company’s stock worth $621,000 after purchasing an additional 23,360 shares in the last quarter. 65.67% of the stock is owned by institutional investors and hedge funds.

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.