Richard Nottenburg Sells 12,500 Shares of Applied Digital (NASDAQ:APLD) Stock

Applied Digital Corporation (NASDAQ:APLD) Director Richard Nottenburg sold 12,500 shares of Applied Digital stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $32.00, for a total value of $400,000.00. Following the transaction, the director owned 220,878 shares in the company, valued at approximately $7,068,096. This represents a 5.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Applied Digital Trading Down 2.0%

Shares of APLD stock opened at $33.55 on Friday. 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 twelve month low of $4.93 and a twelve month high of $42.27. The company’s 50-day moving average price is $28.28 and its 200-day moving average price is $30.08. The stock has a market cap of $9.59 billion, a price-to-earnings ratio of -45.34 and a beta of 5.70.

Applied Digital (NASDAQ:APLD) last released its quarterly earnings data on Wednesday, April 8th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.23). Applied Digital had a negative return on equity of 15.91% and a negative net margin of 52.84%.The firm had revenue of $108.55 million for the quarter, compared to analyst estimates of $78.47 million. During the same quarter in the previous year, the business posted ($0.08) earnings per share. Applied Digital’s revenue for the quarter was up 139.3% on a year-over-year basis. As a group, equities analysts predict that Applied Digital Corporation will post -0.52 earnings per share for the current year.

Hedge Funds Weigh In On Applied Digital

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Applied Digital by 36.4% during the 4th quarter. Vanguard Group Inc. now owns 24,168,082 shares of the company’s stock worth $592,601,000 after purchasing an additional 6,445,908 shares during the period. Value Aligned Research Advisors LLC purchased a new stake in Applied Digital in the fourth quarter valued at approximately $138,380,000. Situational Awareness LP lifted its stake in Applied Digital by 87.0% during the fourth 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 in the last quarter. BNP Paribas Financial Markets lifted its stake in Applied Digital by 24,356.8% during the second quarter. BNP Paribas Financial Markets now owns 5,219,565 shares of the company’s stock worth $52,561,000 after purchasing an additional 5,198,223 shares in the last quarter. Finally, Marex Group plc boosted its position in shares of Applied Digital by 38,484.6% during the fourth quarter. Marex Group plc now owns 3,904,759 shares of the company’s stock worth $95,745,000 after buying an additional 3,894,639 shares during the period. 65.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on APLD. Citizens Jmp reaffirmed a “market outperform” rating and set a $40.00 price target on shares of Applied Digital in a research report on Thursday, April 9th. Roth Mkm reissued a “buy” rating and set a $65.00 target price on shares of Applied Digital in a research note on Thursday, April 23rd. Needham & Company LLC lifted their target price on Applied Digital to $48.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Wall Street Zen lowered Applied Digital from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Applied Digital in a report on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $44.33.

Key Headlines Impacting Applied Digital

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

• Positive Sentiment: Large hyperscaler lease boosts long‑term revenue visibility — Applied Digital announced a 15‑year lease covering 300 MW at its Delta Forge 1 AI Factory, a material backlog and cash‑flow runway if the customer brings capacity online as planned. Hyperscaler Lease Article
• Positive Sentiment: Institutional buying and analyst coverage remain supportive — several funds have recently increased stakes and MarketBeat shows a consensus “Moderate Buy” with a ~$44.33 average target, which can sustain momentum if execution continues. MarketBeat APLD Page
• Neutral Sentiment: Valuation is being re‑assessed after a strong rally — the stock rose sharply (~44% over the past month), prompting fresh analysis about how to value Applied Digital’s AI/data‑center growth versus current losses and leverage. Valuation Assessment
• Negative Sentiment: High‑profile skepticism from Jim Cramer — Cramer publicly said he would “say no” to Applied Digital, highlighting investor concern over growth companies that are not yet profitable even amid AI enthusiasm. Cramer Comment
• Negative Sentiment: Insider selling by a director — Richard Nottenburg sold 12,500 shares in late April (totaling several hundred thousand dollars), which can be read as near‑term pressure on sentiment even though he retains a large stake. Insider Trade
• Negative Sentiment: Recent earnings and profitability metrics remain a headwind — latest quarter missed EPS expectations and the company reported negative margins and return on equity, reinforcing questions about near‑term profitability. Earnings & Metrics

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.