Applied Digital (NASDAQ:APLD) Director Richard Nottenburg Sells 31,250 Shares of Company Stock

Applied Digital Corporation (NASDAQ:APLD) Director Richard Nottenburg sold 31,250 shares of the stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of $21.84, for a total transaction of $682,500.00. Following the completion of the sale, the director directly owned 102,128 shares of the company’s stock, valued at $2,230,475.52. This represents a 23.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Applied Digital Price Performance

Shares of NASDAQ:APLD traded up $0.06 on Thursday, reaching $20.39. The company’s stock had a trading volume of 35,173,680 shares, compared to its average volume of 22,978,025. The company has a 50-day simple moving average of $26.51 and a 200 day simple moving average of $32.40. Applied Digital Corporation has a 52-week low of $18.36 and a 52-week high of $50.72. The company has a market cap of $6.17 billion, a P/E ratio of -12.43 and a beta of 5.99. The company has a debt-to-equity ratio of 3.90, a quick ratio of 2.56 and a current ratio of 2.56.

Applied Digital (NASDAQ:APLD) last posted its quarterly earnings results on Wednesday, October 7th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.29. Applied Digital had a negative net margin of 51.28% and a negative return on equity of 27.21%. The firm had revenue of $300.39 million for the quarter, compared to analysts’ expectations of $116.29 million. During the same period in the prior year, the business posted ($0.03) earnings per share. The business’s revenue for the quarter was up 367.8% on a year-over-year basis. As a group, equities research analysts anticipate that Applied Digital Corporation will post -1.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on APLD. Citigroup reissued a “market outperform” rating on shares of Applied Digital in a research note on Thursday, October 8th. B. Riley Financial reaffirmed a “buy” rating and issued a $75.00 price target (up from $66.00) on shares of Applied Digital in a research report on Monday, August 3rd. Northland Securities set a $82.00 target price on shares of Applied Digital and gave the company an “outperform” rating in a research report on Wednesday, June 17th. Wall Street Zen cut shares of Applied Digital from a “sell” rating to a “strong sell” rating in a report on Sunday, August 30th. Finally, UBS Group reaffirmed a “buy” rating on shares of Applied Digital in a report on Thursday, October 8th. Three research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $62.25.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of APLD. Krilogy Financial LLC grew its position in shares of Applied Digital by 49.0% in the 3rd quarter. Krilogy Financial LLC now owns 21,228 shares of the company’s stock worth $494,000 after acquiring an additional 6,985 shares in the last quarter. Thor Investment Management Inc. OH ADV increased its stake in shares of Applied Digital by 1.1% during the third quarter. Thor Investment Management Inc. OH ADV now owns 282,257 shares of the company’s stock valued at $6,879,000 after acquiring an additional 2,986 shares during the period. GAMMA Investing LLC raised its position in Applied Digital by 42.6% in the third quarter. GAMMA Investing LLC now owns 2,983 shares of the company’s stock worth $73,000 after acquiring an additional 891 shares in the last quarter. CoreCap Advisors LLC increased its holdings in shares of Applied Digital by 246.6% in the third quarter. CoreCap Advisors LLC now owns 2,194 shares of the company’s stock valued at $53,000 after buying an additional 1,561 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its holdings in Applied Digital by 6.7% during the 3rd quarter. Valeo Financial Advisors LLC now owns 12,343 shares of the company’s stock worth $301,000 after buying an additional 773 shares during the period. Institutional investors and hedge funds own 65.67% of the company’s stock.

Key Applied Digital News

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

• Positive Sentiment: Applied Digital’s fiscal first-quarter revenue surged year over year, and its reported loss was substantially better than analyst expectations. The growth highlights strong demand for its data-center capacity, although the company remains unprofitable. Applied Digital fiscal Q1 2027 revenue article
• Neutral Sentiment: An analysis argues that APLD’s valuation is largely supported by expected future sales rather than current profitability. Investors are weighing the company’s substantial long-term opportunity against heavy capital requirements for new AI facilities. Applied Digital stock valuation article
• Negative Sentiment: Higher bond yields and increased scrutiny of debt financing have hit data-center developers broadly. Because Applied Digital borrows heavily to build facilities before receiving contracted rent, rising financing costs could reduce project returns and make additional funding more difficult. Data center stocks financing costs article
• Negative Sentiment: Analysts and investors are increasingly focused on cash burn, construction spending and the company’s ability to fund expansion if lenders become less willing to provide capital. Applied Digital’s high debt load makes it particularly sensitive to tighter credit markets. Applied Digital cash burn and bond market article
• Negative Sentiment: An analyst lowered the company’s second-quarter EPS estimate, reinforcing concerns that near-term earnings will remain under pressure while Applied Digital invests in new capacity. Applied Digital EPS estimate article
• Negative Sentiment: The shares recently reached a one-year low, reflecting deteriorating technical momentum and investor concern that growth is not yet translating into sustainable profits. Applied Digital one-year low article

Applied Digital Company Profile

Applied Digital Corporation (NASDAQ: APLD) develops and operates digital infrastructure designed to support high-performance computing, artificial intelligence and other data-intensive applications. The company provides data-center capacity and related services to customers that require substantial computing power and electricity.

The company’s business has included hosting infrastructure for cryptocurrency-mining operations and, increasingly, developing facilities for artificial intelligence and high-performance computing workloads.