Applied Digital (NASDAQ:APLD) Trading Up 8.6% – Here’s What Happened

Applied Digital Corporation (NASDAQ:APLD) shares traded up 8.6% during trading on Thursday . The company traded as high as $24.83 and last traded at $23.90. 30,983,824 shares changed hands during mid-day trading, a decline of 12% from the average session volume of 35,131,723 shares. The stock had previously closed at $22.00.

Key Applied Digital News

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

• Positive Sentiment: Secured development financing with Macquarie to fund new AI “factory” campuses — provides committed capital to cover pre‑lease development costs, de‑risking growth and accelerating capacity buildout for hyperscaler and AI customers. Applied Digital Completes Development Loan Facility with Macquarie Group to Support New AI Factory Campuses
• Positive Sentiment: Company announced a separate fundraising (reported as ~$100M) that boosts liquidity to fund projects and reduces immediate capital risk — a primary driver of the intraday rebound. Applied Digital (APLD) Rebounds 8.6% on $100-Million Fundraising
• Positive Sentiment: Investor commentary and media coverage highlight the closed loan facility and partner traction (e.g., CoreWeave), reinforcing the narrative of 2025 share gains tied to hyperscaler/AI demand. Overlooked Stock: APLD Closes Loan Facility for New Data Centers
• Neutral Sentiment: Applied Digital scheduled its fiscal Q2 2026 earnings call for Jan 7 — investors will watch guidance, revenue traction from new campuses, and lease/pre‑lease progress for clearer near‑term outlook. Applied Digital Sets Fiscal Second Quarter 2026 Conference Call for Wednesday, January 7, 2026
• Neutral Sentiment: Analyst piece compares APLD to Dell (DELL) on AI infrastructure upside — highlights differing strategies (APLD = niche hyperscaler/colocation + build‑to‑suit vs. Dell = integrated hardware/software stack); useful context for longer‑term relative positioning but not an immediate catalyst. APLD vs. DELL: Which AI Infrastructure Stock Has More Upside?
• Negative Sentiment: Some investment firms expressed growing concerns about the sustainability of AI demand and valuations, which triggered a pullback before today’s rebound — a reminder that sentiment and valuation risk can produce sharp swings in APLD’s high‑beta stock. Applied Digital (APLD) Falls 9% on Investment Firms’ Growing AI Concerns

Wall Street Analysts Forecast Growth

APLD has been the subject of several recent analyst reports. Citigroup reissued an “outperform” rating on shares of Applied Digital in a research note on Thursday, October 9th. HC Wainwright increased their price target on Applied Digital from $20.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Compass Point began coverage on shares of Applied Digital in a report on Monday, September 15th. They issued a “buy” rating on the stock. Wall Street Zen cut shares of Applied Digital from a “hold” rating to a “sell” rating in a research report on Sunday, October 19th. Finally, Northland Securities lifted their price target on shares of Applied Digital to $40.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.20.

Applied Digital Trading Up 16.5%

The company has a 50 day moving average of $29.34 and a 200-day moving average of $20.08. The stock has a market cap of $7.78 billion, a price-to-earnings ratio of -24.65 and a beta of 6.94. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.65 and a current ratio of 0.65.

Applied Digital (NASDAQ:APLD) last issued its quarterly earnings results on Thursday, October 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.08. Applied Digital had a negative net margin of 111.29% and a negative return on equity of 37.14%. The company had revenue of $64.22 million for the quarter, compared to analyst estimates of $52.25 million. During the same period in the prior year, the firm earned ($0.15) earnings per share. The business’s revenue for the quarter was up 84.3% compared to the same quarter last year. On average, research analysts anticipate that Applied Digital Corporation will post -0.96 earnings per share for the current year.

Insider Buying and Selling

In other Applied Digital news, Director Chuck Hastings sold 50,000 shares of the business’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $35.69, for a total value of $1,784,500.00. Following the completion of the transaction, the director owned 451,612 shares in the company, valued at $16,118,032.28. The trade was a 9.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Rachel H. Lee sold 24,213 shares of the stock in a transaction on Friday, October 24th. The shares were sold at an average price of $33.20, for a total value of $803,871.60. Following the completion of the sale, the director owned 59,400 shares in the company, valued at approximately $1,972,080. The trade was a 28.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 328,035 shares of company stock worth $11,376,479 over the last three months. 9.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Applied Digital

Several hedge funds and other institutional investors have recently made changes to their positions in APLD. Scientech Research LLC purchased a new position in shares of Applied Digital during the first quarter worth approximately $806,000. Chelsea Counsel Co. acquired a new stake in Applied Digital during the 2nd quarter worth $582,000. Lake Hills Wealth Management LLC purchased a new position in Applied Digital during the 2nd quarter worth $184,000. KLP Kapitalforvaltning AS increased its stake in Applied Digital by 27.7% in the second quarter. KLP Kapitalforvaltning AS now owns 41,500 shares of the company’s stock valued at $418,000 after purchasing an additional 9,000 shares during the period. Finally, Kovack Advisors Inc. purchased a new stake in shares of Applied Digital in the second quarter valued at about $116,000. Hedge funds and other institutional investors 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.