Applied Digital Corporation (NASDAQ:APLD - Get Free Report) Director Douglas Miller sold 10,000 shares of Applied Digital stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $34.98, for a total value of $349,800.00. Following the sale, the director owned 184,859 shares of the company's stock, valued at approximately $6,466,367.82. This trade represents a 5.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Applied Digital Stock Performance
Shares of NASDAQ APLD opened at $32.11 on Wednesday. The stock has a market cap of $9.18 billion, a price-to-earnings ratio of -43.39 and a beta of 7.25. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.65. Applied Digital Corporation has a 1-year low of $4.20 and a 1-year high of $42.27. The stock's 50-day moving average is $28.21 and its 200 day moving average is $30.03.
Applied Digital (NASDAQ:APLD - Get Free Report) last announced its quarterly earnings data on Wednesday, April 8th. The company reported ($0.36) earnings per share for the quarter, missing analysts' consensus estimates 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% on a year-over-year basis. During the same period in the prior year, the business posted ($0.08) earnings per share. On average, sell-side analysts anticipate that Applied Digital Corporation will post -0.52 EPS for the current fiscal year.
Key Stories Impacting Applied Digital
Here are the key news stories impacting Applied Digital this week:
- Positive Sentiment: Large hyperscaler deal improves revenue visibility — analysts and outlets flag a roughly $7.5 billion commercial opportunity tied to new hyperscaler commitments, which investors view as 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: Roth Capital reiterates Buy and lifts its price target — Roth kept a Buy rating and raised its target, citing Applied Digital as a top high-performance computing/data-center investment as recent commercial developments crystallize demand. Roth Capital Reaffirms Buy Rating for Applied Digital (APLD)
- Positive Sentiment: Continued hyperscaler interest and bullish analyst consensus — multiple articles note Applied Digital’s strong traction with investment-grade hyperscalers and maintain strong buy/price-target support, underlining upside from multi-year contracts. Applied Digital Corp. (APLD) Continues to Attract High Investment-Grade Hyperscalers
- Neutral Sentiment: Director sale disclosed — Director Douglas S. Miller sold 10,000 shares at about $34.98 (retaining a large position). Insider sales can create short-term pressure but may be routine diversification. SEC Form 4 Disclosure
- Neutral Sentiment: Sector skepticism noted — a services-sector roundup flagged some investor caution around services/data-center providers facing budget scrutiny and AI-driven disruption, a background risk that could temper enthusiasm. 3 Services Stocks We’re Skeptical Of
- Negative Sentiment: Market reaction to AI spending concerns — coverage highlights investor worry that heavy AI-related capital and operating expenditures could pressure margins and cash flow, which triggered a near-term slide in the stock. Applied Digital slides 7% after AI spending concerns
Institutional Investors Weigh In On Applied Digital
Several hedge funds have recently made changes to their positions in APLD. AQR Capital Management LLC boosted its position in shares of Applied Digital by 84.8% during the first 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 in the last quarter. NewEdge Advisors LLC boosted its position in shares of Applied Digital by 239.1% during the first 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 in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Applied Digital by 113.3% during the first 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 in the last quarter. Strs Ohio bought a new stake in shares of Applied Digital during the first quarter valued at approximately $71,000. Finally, Cetera Investment Advisers boosted its position in shares of Applied Digital by 61.0% during the second 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 in the last quarter. 65.67% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on APLD shares. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Applied Digital in a research note on Friday. Freedom Capital raised Applied Digital to a "strong-buy" rating in a research note on Tuesday, January 6th. Wall Street Zen cut 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 target on Applied Digital in a research note on Wednesday, January 28th. Finally, Zacks Research cut Applied Digital from a "hold" rating to a "strong sell" rating in a research note on Wednesday, April 8th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $44.33.
Check Out Our Latest Stock Analysis on APLD
Applied Digital Company Profile
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
