Applied Digital (NASDAQ:APLD) Shares Up 7.4% – Here’s Why

Posted by Brenda Bartman on Sep 10th, 2026

Applied Digital Corporation (NASDAQ:APLD – Get Free Report)’s share price traded up 7.4% on Tuesday . The stock traded as high as $29.15 and last traded at $28.31. Approximately 19,753,909 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 23,225,363 shares. The stock had previously closed at $26.37.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Craig Hallum increased their target price 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. Wall Street Zen downgraded shares of Applied Digital from a “sell” rating to a “strong sell” rating in a research report on Sunday, August 30th. Compass Point reissued a “buy” rating and set a $70.00 price target on shares of Applied Digital in a research report on Friday, May 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of Applied Digital in a research note on Tuesday, July 21st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $83.00 price objective on shares of Applied Digital in a report on Tuesday, July 28th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Applied Digital presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.15.

Read Our Latest Analysis on APLD

Applied Digital Price Performance

The company’s 50-day moving average is $28.57 and its 200-day moving average is $32.84. The firm has a market cap of $7.51 billion, a price-to-earnings ratio of -28.97 and a beta of 5.72. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 2.88.

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

Insider Buying and Selling at Applied Digital

In related news, Director Richard Nottenburg sold 75,000 shares of the firm’s stock in a transaction dated 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 sale, the director directly owned 133,378 shares of the company’s stock, valued at $4,154,724.70. This trade represents a 35.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 9.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Whitaker Myers Wealth Managers LTD. bought a new position in Applied Digital in the 2nd quarter valued at approximately $1,841,000. Cambridge Investment Research Advisors Inc. grew its holdings in Applied Digital by 39.6% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 146,633 shares of the company’s stock worth $5,469,000 after acquiring an additional 41,562 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in Applied Digital in the 1st quarter valued at approximately $1,970,000. Thoroughbred Financial Services LLC acquired a new position in Applied Digital in the 4th quarter valued at approximately $682,000. Finally, TFR Capital LLC. raised its stake in shares of Applied Digital by 425.3% during the first quarter. TFR Capital LLC. now owns 372,960 shares of the company’s stock valued at $9,497,000 after acquiring an additional 301,954 shares during the last quarter. Institutional investors and hedge funds own 65.67% of the company’s stock.

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.