Insider Selling: Applied Digital (NASDAQ:APLD) Director Sells $385,400.00 in Stock

Applied Digital Corporation (NASDAQ:APLD) Director Douglas Miller sold 10,000 shares of the company’s stock in a transaction on Monday, January 12th. The stock was sold at an average price of $38.54, for a total transaction of $385,400.00. Following the sale, the director directly owned 200,859 shares of the company’s stock, valued at approximately $7,741,105.86. This trade represents a 4.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Applied Digital Trading Up 6.2%

Shares of APLD opened at $37.40 on Friday. Applied Digital Corporation has a 12 month low of $3.31 and a 12 month high of $40.20. The stock’s 50-day moving average is $27.82 and its two-hundred day moving average is $22.67. 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 stock has a market cap of $10.46 billion, a PE ratio of -69.26 and a beta of 6.89.

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

Hedge Funds Weigh In On Applied Digital

Hedge funds have recently bought and sold shares of the company. Voya Investment Management LLC raised its holdings in shares of Applied Digital by 403.4% during the third quarter. Voya Investment Management LLC now owns 1,464,909 shares of the company’s stock valued at $33,605,000 after buying an additional 1,173,929 shares during the last quarter. Chelsea Counsel Co. acquired a new stake in Applied Digital in the 2nd quarter valued at approximately $582,000. Lake Hills Wealth Management LLC acquired a new stake in Applied Digital in the 2nd quarter valued at approximately $184,000. KLP Kapitalforvaltning AS raised its stake in Applied Digital by 27.7% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 41,500 shares of the company’s stock valued at $418,000 after acquiring an additional 9,000 shares in the last quarter. Finally, Kovack Advisors Inc. acquired a new position in Applied Digital during the 2nd quarter worth $116,000. 65.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on APLD. Northland Securities reaffirmed an “outperform” rating and set a $40.00 price target on shares of Applied Digital in a research note on Tuesday, December 30th. Roth Capital raised their target price on Applied Digital to $58.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. HC Wainwright boosted their price target on Applied Digital from $20.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Lake Street Capital reissued a “buy” rating and issued a $45.00 price target on shares of Applied Digital in a report on Tuesday, December 30th. Finally, Freedom Capital upgraded Applied Digital to a “strong-buy” rating in a report on Tuesday, January 6th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $33.27.

Applied Digital News Roundup

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

• Positive Sentiment: MarketBeat ranks APLD as the leading GPU‑as‑a‑Service play for 2026 after a blowout Q4, citing nearly 100% revenue growth, analyst upgrades and advance contracts that suggest the company’s Phase II capacity is largely sold out — a major demand signal for future revenue and margin expansion. The 5 Best GPU-as-a-Service Providers for 2026—And 1 Clear Winner
• Positive Sentiment: Management move: Applied Digital promoted co‑founder Jason Zhang to President, signaling leadership continuity and deeper founder involvement as the company scales data‑center and GPU hosting operations. This supports investor confidence on execution risk. Applied Digital Appoints Co-Founder Jason Zhang as President
• Positive Sentiment: Street momentum: APLD is highlighted in MarketBeat small‑cap features and has seen analysts lift targets and ratings following the quarter, which supports further upside if execution and contract wins continue. 5 Hot Small Caps Setting Up for Big Gains: Buy, Sell, or Hold?
• Neutral Sentiment: Industry/structural analysis: Longer‑term writeups (e.g., Seeking Alpha) discuss a “REIT angle” and capital‑structure considerations for Applied Digital’s asset‑heavy model — useful for evaluating valuation and cash flow durability but not an immediate share‑price catalyst. Applied Digital: The REIT Angle No One Talks About
• Negative Sentiment: Insider selling: Multiple director sales have been disclosed this week — Richard N. Nottenburg sold ~23,606 shares across Jan. 14–15 (SEC Form 4), and Director Douglas Miller sold 10,000 shares earlier — prompting reports of intraday weakness tied to insider activity. Investors often view clustered director sales as a short‑term negative signal even when holders remain large. Nottenburg Form 4 (Insider Sale) Miller Form 4 (Insider Sale)
• Negative Sentiment: Market reaction note: Coverage flagged a short‑term pullback after the insider sales (reports noted a ~1–2% intraday decline tied to the disclosures), underscoring that insider activity can temporarily damp momentum despite strong fundamentals. Applied Digital Trading Down Following Insider Selling

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.