Applied Digital Corporation (NASDAQ:APLD – Get Free Report) shot up 3.2% on Wednesday . The company traded as high as $25.95 and last traded at $24.49. 25,128,355 shares traded hands during mid-day trading, a decline of 8% from the average session volume of 27,192,770 shares. The stock had previously closed at $23.74.
Key Applied Digital News
Here are the key news stories impacting Applied Digital this week:
- Positive Sentiment: Applied Digital amended North Dakota data-center leases with CoreWeave, which supports continued demand from a major GPU-cloud customer and reduces execution uncertainty at those sites. Applied Digital amends N.D. data center leases with CoreWeave
- Positive Sentiment: Investors loaded up ahead of the Q3 FY2026 report, driving a sharp rally as traders position for the April earnings print. That momentum is a likely driver of today’s gains. Applied Digital (APLD) Soars 15.55% Ahead of Wednesday Earnings
- Neutral Sentiment: General market and thematic pieces note a pullback in AI hype and a broader “buying opportunity” narrative for beaten-down AI/infra names — a backdrop that can amplify swings in APLD but is not company-specific. The Artificial Intelligence (AI) Hype Is Fading, and That’s Creating the Best Buying Opportunity of 2026
- Neutral Sentiment: Calendar/earnings reminders: Multiple outlets list APLD as scheduled to report in early April, which keeps the name in focus for event-driven traders. Applied Digital (APLD) Projected to Post Earnings on Wednesday
- Negative Sentiment: Earnings previews from Zacks/Yahoo argue APLD lacks the setup for an earnings beat and may report negative results next week — a catalyst that could reverse recent gains if the print disappoints. Will Applied Digital Corporation (APLD) Report Negative Earnings Next Week? What You Should Know
- Negative Sentiment: Analysts and commentary highlight large capital and power builds (reported at ~$2.15–2.4B) and a recent debt package as key execution and balance-sheet risks; the April earnings print is framed as a potential “make-or-break” moment. Dear Applied Digital Investors: April 8 Could Be the Make or Break Moment
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on APLD shares. Wall Street Zen raised Applied Digital from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. Arete Research assumed coverage on shares of Applied Digital in a research note on Wednesday, January 7th. They issued a “buy” rating on the stock. Lake Street Capital reaffirmed a “buy” rating and set a $45.00 target price on shares of Applied Digital in a report on Tuesday, December 30th. Texas Capital raised shares of Applied Digital to a “strong-buy” rating in a research note on Tuesday, January 20th. Finally, Citigroup restated an “outperform” rating on shares of Applied Digital in a research report on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $37.00.
Applied Digital Stock Up 3.2%
The company has a debt-to-equity ratio of 1.79, a current ratio of 4.82 and a quick ratio of 4.82. The business has a 50 day moving average price of $30.76 and a 200 day moving average price of $29.31. The firm has a market capitalization of $6.85 billion, a P/E ratio of -45.35 and a beta of 7.20.
Insiders Place Their Bets
In other Applied Digital news, Director Douglas S. Miller sold 10,000 shares of Applied Digital stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $38.54, for a total value of $385,400.00. Following the transaction, the director directly owned 200,859 shares of the company’s stock, valued at $7,741,105.86. The trade was a 4.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard N. Nottenburg sold 12,000 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $35.45, for a total value of $425,400.00. Following the transaction, the director owned 233,378 shares of the company’s stock, valued at approximately $8,273,250.10. This trade represents a 4.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 244,593 shares of company stock worth $9,003,278. Corporate insiders own 9.50% of the company’s stock.
Hedge Funds Weigh In On Applied Digital
Several large investors have recently bought and sold shares of APLD. Vanguard Group Inc. boosted its holdings in Applied Digital by 36.4% in the 4th quarter. Vanguard Group Inc. now owns 24,168,082 shares of the company’s stock valued at $592,601,000 after purchasing an additional 6,445,908 shares during the period. Hood River Capital Management LLC increased its holdings in shares of Applied Digital by 2.8% during the 2nd quarter. Hood River Capital Management LLC now owns 21,859,031 shares of the company’s stock worth $220,120,000 after purchasing an additional 592,314 shares during the period. Situational Awareness LP increased its holdings in shares of Applied Digital by 87.0% during the 4th quarter. Situational Awareness LP now owns 11,339,060 shares of the company’s stock worth $278,034,000 after purchasing an additional 5,274,905 shares during the period. Geode Capital Management LLC raised its position in shares of Applied Digital by 5.1% during the fourth quarter. Geode Capital Management LLC now owns 6,285,820 shares of the company’s stock valued at $154,151,000 after buying an additional 304,228 shares during the last quarter. Finally, Value Aligned Research Advisors LLC bought a new stake in shares of Applied Digital in the fourth quarter valued at about $138,380,000. 65.67% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading
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