Applied Digital (NASDAQ:APLD) Trading Up 2.9% – Here’s What Happened

08 Dec 2025, 17:13 by Renee Jackson · The Cerbat Gem

Applied Digital Corporation (NASDAQ:APLD – Get Free Report) was up 2.9% during mid-day trading on Monday . The stock traded as high as $32.34 and last traded at $32.11. Approximately 17,241,068 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 35,337,848 shares. The stock had previously closed at $31.22.

Analyst Ratings Changes

A number of research analysts recently issued reports on APLD shares. Compass Point started coverage on Applied Digital in a research report on Monday, September 15th. They set a “buy” rating for the company. B. Riley reissued a “buy” rating on shares of Applied Digital in a report on Wednesday, October 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of Applied Digital in a research report on Wednesday, October 8th. Lake Street Capital lifted their price objective on shares of Applied Digital from $18.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Finally, Citigroup restated an “outperform” rating on shares of Applied Digital in a research report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $26.20.

Check Out Our Latest Report on Applied Digital

Applied Digital Stock Up 2.9%

The stock has a market cap of $8.94 billion, a P/E ratio of -28.42 and a beta of 6.95. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.29. The stock’s 50-day moving average is $29.22 and its 200-day moving average is $18.85.

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

Insider Activity

In related news, Director Chuck Hastings sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $35.69, for a total transaction of $1,784,500.00. Following the completion of the transaction, the director owned 451,612 shares of the company’s stock, valued at $16,118,032.28. This trade represents a 9.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ella G. Benson sold 42,569 shares of Applied Digital stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $35.30, for a total value of $1,502,685.70. Following the transaction, the director directly owned 69,256 shares in the company, valued at approximately $2,444,736.80. The trade was a 38.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 328,035 shares of company stock worth $11,376,479 in the last quarter. 9.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Applied Digital

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

Applied Digital Company Profile

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