Applied Digital’s (APLD) “Outperform” Rating Reaffirmed at Northland Securities

Applied Digital (NASDAQ:APLD)‘s stock had its “outperform” rating restated by research analysts at Northland Securities in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $40.00 target price on the stock. Northland Securities’ target price suggests a potential upside of 61.88% from the stock’s previous close.

Other analysts also recently issued research reports about the company. Compass Point assumed coverage on Applied Digital in a research report on Monday, September 15th. They issued a “buy” rating for the company. B. Riley reiterated a “buy” rating on shares of Applied Digital in a research note on Wednesday, October 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of Applied Digital in a research note on Wednesday, October 8th. HC Wainwright raised their price target on Applied Digital from $20.00 to $40.00 and gave the company a “buy” rating in a report on Friday, October 10th. Finally, Lake Street Capital lifted their price objective on shares of Applied Digital from $18.00 to $37.00 and gave the company a “buy” rating in a report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Applied Digital currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.00.

Applied Digital Trading Down 0.4%

Shares of NASDAQ APLD traded down $0.10 during midday trading on Tuesday, reaching $24.71. The stock had a trading volume of 16,770,171 shares, compared to its average volume of 34,690,523. Applied Digital has a twelve month low of $3.31 and a twelve month high of $40.20. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.65 and a current ratio of 0.65. The company’s 50 day moving average price is $28.15 and its 200 day moving average price is $20.74. The firm has a market cap of $6.90 billion, a price-to-earnings ratio of -21.87 and a beta of 6.95.

Applied Digital (NASDAQ:APLD) last posted its quarterly earnings results on Thursday, October 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.08. The business had revenue of $64.22 million during the quarter, compared to the consensus estimate of $52.25 million. Applied Digital had a negative net margin of 111.29% and a negative return on equity of 37.14%. Applied Digital’s revenue was up 84.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.15) EPS. As a group, sell-side analysts expect that Applied Digital will post -0.96 EPS for the current year.

Insider Activity at Applied Digital

In related news, Director Rachel H. Lee sold 24,213 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $33.20, for a total value of $803,871.60. Following the completion of the sale, the director directly owned 59,400 shares in the company, valued at approximately $1,972,080. The trade was a 28.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ella G. Benson sold 42,569 shares of the firm’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $35.30, for a total value of $1,502,685.70. Following the completion of the sale, the director owned 69,256 shares of the company’s stock, valued at approximately $2,444,736.80. This trade represents a 38.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 328,035 shares of company stock worth $11,376,479. Insiders own 9.50% of the company’s stock.

Institutional Trading of Applied Digital

A number of hedge funds and other institutional investors have recently bought and sold shares of APLD. MRP Capital Investments LLC bought a new stake in Applied Digital during the 3rd quarter valued at about $46,000. Allworth Financial LP grew its holdings in shares of Applied Digital by 70.0% during the third quarter. Allworth Financial LP now owns 1,746 shares of the company’s stock valued at $40,000 after buying an additional 719 shares during the last quarter. IFP Advisors Inc bought a new stake in shares of Applied Digital during the third quarter valued at approximately $144,000. Swiss Life Asset Management Ltd bought a new stake in shares of Applied Digital during the third quarter valued at approximately $232,000. Finally, CIBC Bancorp USA Inc. purchased a new position in Applied Digital in the 3rd quarter worth approximately $524,000. Institutional investors own 65.67% of the company’s stock.

Key Applied Digital News

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

• Positive Sentiment: Applied Digital and EKSO announced a proposed business combination to spin out Applied Digital Cloud into a new company called ChronoScale aimed at high‑performance AI compute, positioning the new entity to address growing GPU demand. Applied Digital to Spin Out Cloud Business, Proposes Business Combination with EKSO to Launch ChronoScale
• Positive Sentiment: Market reports and trade coverage highlight investor enthusiasm and “spin‑off buzz,” which likely helped lift APLD shares as the market favors clear capital‑allocation moves and standalone AI/cloud assets. Applied Digital Stock Moves Higher on Spin-Off Buzz
• Positive Sentiment: Multiple headlines note the AI/cloud spinoff and ChronoScale launch as the direct catalyst for the stock’s gain, reinforcing the narrative that the company is leaning into AI infrastructure demand. Applied Digital Stock Rises on AI Cloud Spinoff Plan and ChronoScale Launch
• Neutral Sentiment: Coverage from brokerage/news aggregators lists APLD among top movers after the announcement; these pieces summarize price action but do not add new deal details. Biggest stock movers Tuesday: Applied Digital, FONAR Corporation and Society Pass
• Neutral Sentiment: Headline coverage noting a ~3% intraday move after the cloud spinoff announcement—useful for short‑term traders but does not change fundamentals by itself. Applied Digital (APLD) jumps 3% on cloud business spinoff
• Neutral Sentiment: Reports note Ekso’s AI‑focused merger intent with Applied Digital; the announcement is an early, non‑binding step and will require definitive agreements, financing and regulatory review. Ekso Bionics Plans AI-Focused Merger With Applied Digital
• Negative Sentiment: Recent analysis explains why APLD fell on the prior trading day, highlighting the stock’s volatility, execution risk around restructuring and possible investor concerns about dilution or timing—factors that could counterbalance enthusiasm if the deal stalls or terms change. Why Applied Digital Stock Fell On Friday?
• Neutral Sentiment: Additional small‑business coverage summarizes the spin‑out plan without new material details; good for context but not incremental to the market move. Applied Digital to spin out cloud business with Ekso
• Neutral Sentiment: Broader AI stock roundups mention APLD among companies that could benefit from an AI upcycle; useful thematic support but not a direct company catalyst. 2 Artificial Intelligence Stocks That Could Soar in the Next Bull Market

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.