Douglas Miller Sells 10,000 Shares of Applied Digital (NASDAQ:APLD) Stock

Applied Digital Corporation (NASDAQ:APLD) Director Douglas Miller sold 10,000 shares of the business’s stock in a transaction 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 sale, the director owned 200,859 shares of the company’s stock, valued at approximately $7,741,105.86. The trade was a 4.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Applied Digital Trading Down 2.4%

NASDAQ APLD opened at $35.22 on Friday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 4.82 and a current ratio of 4.82. Applied Digital Corporation has a one year low of $3.31 and a one year high of $40.20. The company has a 50-day simple moving average of $27.69 and a 200-day simple moving average of $22.48. The firm has a market capitalization of $9.85 billion, a PE ratio of -65.22 and a beta of 6.89.

Applied Digital (NASDAQ:APLD) last issued its earnings results on Wednesday, January 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.02). The business had revenue of $126.59 million during the quarter, compared to the consensus estimate of $82.22 million. Applied Digital had a negative return on equity of 13.53% and a negative net margin of 43.49%.The business’s revenue was up 250.1% on a year-over-year basis. During the same period in the prior year, the business earned ($0.06) EPS. On average, equities analysts forecast that Applied Digital Corporation will post -0.96 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Craig Hallum increased their target price on Applied Digital to $39.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Weiss Ratings restated a “sell (d-)” rating on shares of Applied Digital in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Applied Digital from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. B. Riley boosted their target price on shares of Applied Digital to $53.00 and gave the company a “buy” rating in a research note on Friday, January 9th. Finally, Northland Securities restated an “outperform” rating and issued a $40.00 target price on shares of Applied Digital in a research report on Tuesday, December 30th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Applied Digital has a consensus rating of “Buy” and an average target price of $33.27.

Key Applied Digital News

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

• Positive Sentiment: Q4 revenue and guidance: Management reported a big revenue beat (Q4 revenue well above consensus) and signaled strong advance contracts for Phase II — this supports a multi-quarter growth outlook. Read More.
• Positive Sentiment: Analyst upgrades and higher price targets: Several brokers have boosted targets and reiterated Buy ratings, including a recent ~11% target lift reported in the press — fueling headline-driven buying prior to today’s pullback. Read More.
• Positive Sentiment: Corporate leadership move: Co‑founder Jason Zhang was named President, a governance/ops signal investors typically view as supportive for execution during rapid expansion. Read More.
• Positive Sentiment: Industry recognition: Multiple roundups now position APLD as a top GPU-as-a-Service/data-center play (combining GPU hosting, owned facilities and developer platform), which boosts medium‑term demand expectations. Read More.
• Neutral Sentiment: Analyst deep-dive: Some bullish write-ups (e.g., Seeking Alpha) argue the company has removed prior “overhangs” by spinning off unprofitable cloud units, but these are longer-horizon catalysts and depend on successful execution. Read More.
• Neutral Sentiment: High volatility and positioning: APLD has very high beta and sizeable institutional ownership — that amplifies moves (big upside on good news, sharp pullbacks on profit-taking). No link provided.
• Negative Sentiment: Insider selling: Director Douglas S. Miller sold 10,000 shares (~$385k at the time), which can trigger short-term selling or signal some insiders trimming positions after the run. Read More.
• Negative Sentiment: EPS miss and margins: The company missed EPS estimates for the quarter and still shows negative net margins — a reminder that revenue growth is not yet translating into positive earnings. Read More.

Institutional Investors Weigh In On Applied Digital

Several institutional investors have recently bought and sold shares of APLD. Atlantic Union Bankshares Corp acquired a new position in Applied Digital during the 2nd quarter valued at about $25,000. Noble Wealth Management PBC bought a new position in shares of Applied Digital in the fourth quarter valued at approximately $25,000. Larson Financial Group LLC increased its stake in shares of Applied Digital by 56,450.0% during the third quarter. Larson Financial Group LLC now owns 1,131 shares of the company’s stock valued at $26,000 after acquiring an additional 1,129 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Applied Digital during the second quarter valued at approximately $26,000. Finally, Dagco Inc. bought a new stake in Applied Digital during the third quarter worth approximately $27,000. Institutional investors and hedge funds 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.