Douglas Miller Sells 10,000 Shares of Applied Digital (NASDAQ:APLD) Stock

Applied Digital Corporation (NASDAQ:APLD) Director Douglas Miller sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $34.98, for a total value of $349,800.00. Following the transaction, the director owned 184,859 shares of the company’s stock, valued at $6,466,367.82. This represents a 5.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Applied Digital Stock Performance

NASDAQ APLD opened at $32.69 on Thursday. The stock has a market capitalization of $9.34 billion, a PE ratio of -44.18 and a beta of 7.25. The business has a 50 day simple moving average of $28.22 and a two-hundred day simple moving average of $30.05. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.38 and a quick ratio of 2.38. Applied Digital Corporation has a 1-year low of $4.20 and a 1-year high of $42.27.

Applied Digital (NASDAQ:APLD) last released its quarterly earnings results on Wednesday, April 8th. The company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.23). The firm had revenue of $108.55 million for the quarter, compared to analysts’ expectations of $78.47 million. Applied Digital had a negative net margin of 52.84% and a negative return on equity of 15.91%. The business’s quarterly revenue was up 139.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.08) EPS. On average, research analysts predict that Applied Digital Corporation will post -0.52 EPS for the current fiscal year.

Institutional Investors Weigh In On Applied Digital

Several institutional investors have recently modified their holdings of APLD. AQR Capital Management LLC lifted its stake in shares of Applied Digital by 84.8% in the 1st quarter. AQR Capital Management LLC now owns 18,945 shares of the company’s stock valued at $106,000 after purchasing an additional 8,692 shares during the last quarter. NewEdge Advisors LLC lifted its stake 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. lifted its stake in shares of Applied Digital by 113.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 6,667 shares of the company’s stock valued at $37,000 after purchasing an additional 3,542 shares during the last quarter. Strs Ohio bought a new stake in shares of Applied Digital in the 1st quarter valued at approximately $71,000. Finally, Cetera Investment Advisers lifted its stake in shares of Applied Digital by 61.0% in the 2nd quarter. Cetera Investment Advisers now owns 61,656 shares of the company’s stock valued at $621,000 after purchasing an additional 23,360 shares during the last quarter. 65.67% of the stock is owned by institutional investors.

Key Applied Digital News

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

• Positive Sentiment: Hyperscaler agreement improves long‑term revenue visibility — coverage frames a roughly $7.5B commercial opportunity tied to new hyperscaler commitments, which gives investors clearer multi‑year demand for Applied Digital’s AI/data‑center infrastructure. A $7.5 Billion Reason to Buy Applied Digital Stock Here
• Positive Sentiment: Analyst support (Roth Capital) — Roth reaffirmed a Buy rating and raised its price target, citing Applied Digital as a top high‑performance computing/data‑center investment as commercial traction solidifies. Roth Capital Reaffirms Buy Rating for Applied Digital (APLD)
• Positive Sentiment: Macro/sector narrative: selective buying opportunity — Market commentators point to high volatility in AI infrastructure names as creating selective entry points into smaller, high‑beta players like Applied Digital for investors seeking exposure to AI infra growth. Volatility Jackpot: Why This High-Risk AI Name Is Turning Heads Again
• Neutral Sentiment: Director sale disclosed — Director Douglas S. Miller sold 10,000 shares at about $34.98; he retains a large position. Insider sales can signal cashing‑out or routine diversification and may cause short‑term pressure. SEC Form 4 Disclosure
• Neutral Sentiment: Mixed analyst/ratings landscape — Institutional interest and multiple Buy ratings coexist with some Sell/strong‑sell opinions; consensus remains a Moderate Buy but analyst views vary, contributing to trading dispersion. MarketBeat APLD Coverage
• Negative Sentiment: AI spending and margin concerns triggered a pullback — Reports flagged investor worry that heavy AI capex and operating costs could pressure margins and cash flow, prompting a near‑term selloff in the stock. Applied Digital slides 7% after AI spending concerns

Analyst Ratings Changes

Several research firms have weighed in on APLD. Arete Research began coverage on Applied Digital in a report on Wednesday, January 7th. They set a “buy” rating for the company. Freedom Capital upgraded Applied Digital to a “strong-buy” rating in a report on Tuesday, January 6th. Wall Street Zen lowered Applied Digital from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Northland Securities set a $56.00 price objective on Applied Digital in a research note on Wednesday, January 28th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and issued a $40.00 price objective on shares of Applied Digital in a research note on Thursday, April 9th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $44.33.

Applied Digital Company Profile

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.