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Why Applied Digital (APLD) Stock Is Down Today

Investivoq PriceTracker

Applied Digital (APLD) is down 5.5% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver appears to be a mix of pre-earnings caution and a broader risk-off session for growth and technology shares. This could also be because investors are weighing Applied Digital’s heavy buildout spending and a recent share-registration overhang even after the company announced fresh operating and expansion milestones.

Details:

  • Applied Digital is scheduled to release fiscal first-quarter 2027 results after the market close on Wednesday, October 7, 2026, which can pressure volatile stocks as traders reduce risk ahead of the report.
  • Expectations heading into the print call for another quarterly loss, and some market previews point to revenue falling sequentially from the prior quarter, creating a tougher setup for sentiment.
  • The company announced on October 2 that it brought another 75 MW of AI infrastructure online at Polaris Forge 1, taking operational capacity there to 250 MW, but the positive update did not prevent today’s selloff.
  • Applied Digital also recently registered shares tied to its financing structure for potential resale, a factor that can create dilution concerns or a supply overhang in the market.

    • Sources:

    Applied Digital Investor Relations, SEC, Associated Press

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $APLD Insider Trading Activity

    APLD Insider Trades

    $APLD insiders have traded $APLD stock on the open market 4 times in the past 6 months. Of those trades, 0 have been purchases and 4 have been sales.

    Here’s a breakdown of recent trading of $APLD stock by insiders over the last 6 months:

    • RICHARD N NOTTENBURG has made 0 purchases and 3 sales selling 100,000 shares for an estimated $3,168,625.
    • DOUGLAS S MILLER sold 10,000 shares for an estimated $349,799

    To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

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    $APLD Hedge Fund Activity

    We have seen 321 institutional investors add shares of $APLD stock to their portfolio, and 211 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • TWO SIGMA INVESTMENTS, LP added 8,706,515 shares (+546.7%) to their portfolio in Q2 2026, for an estimated $324,753,009
    • EQUITEC PROPRIETARY MARKETS, LLC added 8,373,964 shares (+inf%) to their portfolio in Q2 2026, for an estimated $312,348,857
    • BLACKROCK, INC. removed 7,521,031 shares (-36.0%) from their portfolio in Q2 2026, for an estimated $280,534,456
    • DBA TRADING, LLC added 5,576,235 shares (+inf%) to their portfolio in Q2 2026, for an estimated $207,993,565
    • D. E. SHAW & CO., INC. removed 5,172,729 shares (-63.0%) from their portfolio in Q2 2026, for an estimated $192,942,791
    • OASIS MANAGEMENT CO LTD. added 3,974,500 shares (+384.8%) to their portfolio in Q2 2026, for an estimated $148,248,850
    • NORGES BANK added 2,783,977 shares (+913.7%) to their portfolio in Q2 2026, for an estimated $103,842,342

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    $APLD Price Targets

    Multiple analysts have issued price targets for $APLD recently. We have seen 6 analysts offer price targets for $APLD in the last 6 months, with a median target of $80.5.

    Here are some recent targets:

    • Mike Grondahl from Northland Capital Markets set a target price of $82.0 on 06/17/2026
    • John Todaro from Needham set a target price of $83.0 on 06/09/2026
    • Rob Brown from Lake Street set a target price of $90.0 on 06/09/2026
    • George Sutton from Craig-Hallum set a target price of $79.0 on 06/09/2026
    • Nick Giles from B. Riley Securities set a target price of $66.0 on 05/27/2026
    • Gregory Miller from Citizens set a target price of $60.0 on 05/21/2026

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.