Applied Digital (NASDAQ:APLD) Shares Down 5.4% – What’s Next?

12 Dec 2025, 23:08 by Jessica Moore · The Cerbat Gem

Applied Digital Corporation (NASDAQ:APLD – Get Free Report)’s share price dropped 5.4% during mid-day trading on Wednesday . The stock traded as low as $30.92 and last traded at $30.99. Approximately 18,282,285 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 35,249,898 shares. The stock had previously closed at $32.77.

Analyst Upgrades and Downgrades

APLD has been the subject of several recent research reports. Northland Securities boosted their price objective on Applied Digital to $40.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. Lake Street Capital lifted their price target on shares of Applied Digital from $18.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. HC Wainwright increased their price objective on shares of Applied Digital from $20.00 to $40.00 and gave the company a “buy” rating in a report on Friday, October 10th. Citigroup reaffirmed an “outperform” rating on shares of Applied Digital in a research note on Thursday, October 9th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $41.00 target price on shares of Applied Digital in a research report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $26.20.

View Our Latest Stock Analysis on Applied Digital

Applied Digital Trading Down 9.4%

The company’s fifty day simple moving average is $29.84 and its two-hundred day simple moving average is $19.51. The company has a market capitalization of $7.78 billion, a price-to-earnings ratio of -24.65 and a beta of 6.94. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.29.

Applied Digital (NASDAQ:APLD – Get Free Report) last announced its quarterly earnings results on Thursday, October 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.08. The company had revenue of $64.22 million during the quarter, compared to analyst estimates of $52.25 million. Applied Digital had a negative net margin of 111.29% and a negative return on equity of 37.14%. The firm’s revenue was up 84.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.15) EPS. Research analysts forecast that Applied Digital Corporation will post -0.96 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Ella G. Benson sold 42,569 shares of the stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $35.30, for a total transaction of $1,502,685.70. Following the completion of the sale, the director directly owned 69,256 shares of the company’s stock, valued at approximately $2,444,736.80. This represents a 38.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Chuck Hastings sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $34.27, for a total transaction of $856,750.00. Following the sale, the director owned 426,612 shares in the company, valued at $14,619,993.24. This trade represents a 5.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 328,035 shares of company stock valued at $11,376,479. 9.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Applied Digital

Several large investors have recently made changes to their positions in the stock. Atlantic Union Bankshares Corp acquired a new stake in shares of Applied Digital during the second quarter worth $25,000. Larson Financial Group LLC raised its stake in shares of Applied Digital by 56,450.0% in the 3rd quarter. Larson Financial Group LLC now owns 1,131 shares of the company’s stock valued at $26,000 after purchasing an additional 1,129 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Applied Digital in the 2nd quarter valued at about $26,000. Dagco Inc. bought a new stake in shares of Applied Digital in the third quarter valued at about $27,000. Finally, PNC Financial Services Group Inc. acquired a new position in shares of Applied Digital during the first quarter worth about $28,000. Institutional investors own 65.67% of the company’s stock.

About Applied Digital

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