Applied Digital (NASDAQ:APLD) Stock Price Up 2.7% – Should You Buy?

Shares of Applied Digital Corporation (NASDAQ:APLD) rose 2.7% during mid-day trading on Friday . The company traded as high as $28.25 and last traded at $26.2580. Approximately 26,233,160 shares changed hands during trading, a decline of 3% from the average daily volume of 27,143,047 shares. The stock had previously closed at $25.57.

Applied Digital News Roundup

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

• Positive Sentiment: Quarterly revenue and key results beat Wall Street: APLD reported outsized revenue growth (roughly +139% YoY) and positive non‑GAAP profit, underscoring rapid demand for AI data‑center capacity. Applied Digital Reports Fiscal Third Quarter 2026 Results
• Positive Sentiment: Big expansion: APLD broke ground on Delta Forge 1 (300 MW) and has ~700 MW of IT load under construction — moves that support management’s $1B NOI target and position the company to capture hyperscaler AI demand. Applied Digital Expands AI Campus And Recasts Leases In High‑Growth Push
• Positive Sentiment: Bullish flow and analyst support: Unusual call‑option buying and a Market Outperform reaffirmation with a $40 price target highlight speculative and institutional interest. Traders Purchase Large Volume of Call Options on Applied Digital (NASDAQ:APLD) Applied Digital’s (APLD) Market Outperform Rating Reaffirmed at Citizens Jmp
• Neutral Sentiment: Industry thesis: Analysts and commentators call APLD a structural winner in the AI CapEx cycle, but note valuation is rich (high forward P/S) given aggressive growth assumptions. Applied Digital: A Winner In The AI CapEx Boom
• Neutral Sentiment: Analyst views mixed: Several buy‑side notes remain constructive but emphasize execution and financing risks as the company scales. Applied Digital: Still A Buy Despite Emerging Risks
• Negative Sentiment: Widening GAAP losses and charges: The quarter showed a much larger net loss than expected, driven by write‑downs, stock‑based comp and spin‑off related charges — the primary reason the stock pulled back even after the revenue beat. Applied Digital Q3 Results: Revenue Soars But Operating Loss Widens
• Negative Sentiment: Downgrade & cash‑burn concerns: Zacks added APLD to its Strong Sell list citing cash‑burn and weak near‑term EPS outlook — a headline that pressures short‑term sentiment. New Strong Sell Stocks for April 9th
• Negative Sentiment: Investor caution: Coverage and press note that despite strong top‑line growth, concerns about leverage, rising CapEx, and uncertain near‑term free cash flow keep volatility high. Why Applied Digital (APLD) Stock Is Falling Today

Wall Street Analyst Weigh In

APLD has been the topic of a number of research reports. Northland Securities set a $56.00 target price on shares of Applied Digital in a research report on Wednesday, January 28th. Arete Research initiated coverage on shares of Applied Digital in a research report on Wednesday, January 7th. They set a “buy” rating on the stock. Lake Street Capital reiterated a “buy” rating and set a $45.00 target price on shares of Applied Digital in a research report on Tuesday, December 30th. Citigroup reiterated an “outperform” rating on shares of Applied Digital in a research report on Wednesday, January 28th. Finally, Texas Capital upgraded shares of Applied Digital to a “strong-buy” rating in a research report on Tuesday, January 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $39.20.

Applied Digital Price Performance

The company’s fifty day moving average is $29.04 and its two-hundred day moving average is $29.44. The firm has a market capitalization of $7.34 billion, a price-to-earnings ratio of -35.48 and a beta of 7.25. The company has a quick ratio of 4.82, a current ratio of 4.82 and a debt-to-equity ratio of 1.79.

Applied Digital (NASDAQ:APLD) last announced its quarterly earnings data 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). Applied Digital had a negative net margin of 52.84% and a negative return on equity of 18.24%. The business had revenue of $108.55 million during the quarter, compared to analyst estimates of $78.47 million. During the same quarter in the prior year, the company earned ($0.08) earnings per share. The company’s quarterly revenue was up 139.3% on a year-over-year basis. Equities research analysts anticipate that Applied Digital Corporation will post -0.96 earnings per share for the current fiscal year.

Insider Buying and Selling at Applied Digital

In related news, Director Richard N. Nottenburg sold 12,000 shares of the stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $35.45, for a total value of $425,400.00. Following the transaction, the director directly owned 233,378 shares in the company, valued at $8,273,250.10. This represents a 4.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Douglas S. Miller sold 10,000 shares of the stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $38.54, for a total transaction of $385,400.00. Following the completion of the transaction, the director owned 200,859 shares in the company, valued at $7,741,105.86. This represents a 4.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 244,593 shares of company stock valued at $9,003,278. 9.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Applied Digital

Several large investors have recently bought and sold shares of APLD. Noble Wealth Management PBC bought a new stake in Applied Digital in the fourth quarter valued at approximately $25,000. Albion Financial Group UT bought a new stake in Applied Digital in the fourth quarter valued at approximately $25,000. Activest Wealth Management bought a new stake in Applied Digital in the fourth quarter valued at approximately $25,000. Ameriflex Group Inc. bought a new stake in Applied Digital in the fourth quarter valued at approximately $25,000. Finally, McMillan Office Inc. bought a new stake in Applied Digital in the fourth quarter valued at approximately $25,000. Institutional investors own 65.67% of the company’s stock.

About Applied Digital

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.