Applied Digital (NASDAQ:APLD) Trading Down 1.5% – Here’s What Happened

14 May 2026, 22:38 by Renee Jackson · The Cerbat Gem

Shares of Applied Digital Corporation (NASDAQ:APLD – Get Free Report) dropped 1.5% during mid-day trading on Tuesday . The stock traded as low as $41.05 and last traded at $43.93. Approximately 20,200,282 shares were traded during mid-day trading, a decline of 24% from the average daily volume of 26,688,408 shares. The stock had previously closed at $44.59.

Wall Street Analysts Forecast Growth

APLD has been the subject of several recent analyst reports. Zacks Research raised Applied Digital from a “strong sell” rating to a “hold” rating in a report on Thursday, May 7th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $40.00 target price on shares of Applied Digital in a report on Thursday, April 9th. Wall Street Zen lowered Applied Digital from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Texas Capital raised Applied Digital to a “strong-buy” rating in a report on Tuesday, January 20th. Finally, Northland Securities set a $56.00 price objective on Applied Digital in a report on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $44.33.

Check Out Our Latest Analysis on APLD

Applied Digital Stock Up 2.7%

The stock has a fifty day moving average price of $30.65 and a 200 day moving average price of $30.53. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.38 and a quick ratio of 2.38. The stock has a market capitalization of $13.35 billion, a P/E ratio of -63.12 and a beta of 5.69.

Applied Digital (NASDAQ:APLD – Get Free Report) last posted its quarterly earnings results on Wednesday, April 8th. The company reported ($0.36) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.23). The company had revenue of $108.55 million during the quarter, compared to the consensus estimate of $78.47 million. Applied Digital had a negative return on equity of 15.91% and a negative net margin of 52.84%.Applied Digital’s revenue was up 139.3% on a year-over-year basis. During the same period in the previous year, the business earned ($0.08) earnings per share. On average, research analysts forecast that Applied Digital Corporation will post -0.61 earnings per share for the current year.

Insider Buying and Selling at Applied Digital

In related news, Director Douglas S. Miller sold 10,000 shares of Applied Digital stock in a transaction on Monday, April 27th. The stock was sold at an average price of $34.98, for a total transaction of $349,800.00. Following the completion of the sale, the director owned 184,859 shares of the company’s stock, valued at approximately $6,466,367.82. This trade represents a 5.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard N. Nottenburg sold 12,500 shares of Applied Digital stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $34.59, for a total value of $432,375.00. Following the sale, the director directly owned 208,378 shares of the company’s stock, valued at $7,207,795.02. This represents a 5.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 35,000 shares of company stock valued at $1,182,175 in the last three months. 9.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Applied Digital

Several large investors have recently added to or reduced their stakes in APLD. AQR Capital Management LLC boosted its stake in Applied Digital by 84.8% during the first quarter. AQR Capital Management LLC now owns 18,945 shares of the company’s stock valued at $106,000 after buying an additional 8,692 shares during the period. NewEdge Advisors LLC boosted its stake in Applied Digital by 239.1% during the first quarter. NewEdge Advisors LLC now owns 33,267 shares of the company’s stock valued at $187,000 after buying an additional 23,457 shares during the period. Geneos Wealth Management Inc. boosted its stake in Applied Digital by 113.3% during the first quarter. Geneos Wealth Management Inc. now owns 6,667 shares of the company’s stock valued at $37,000 after buying an additional 3,542 shares during the period. Strs Ohio bought a new stake in Applied Digital during the first quarter worth about $71,000. Finally, Cetera Investment Advisers lifted its stake in Applied Digital by 61.0% during the second quarter. Cetera Investment Advisers now owns 61,656 shares of the company’s stock worth $621,000 after purchasing an additional 23,360 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.