APLD

Applied Digital Corp.

Nasdaq · Services-Computer Processing & Data Preparation · Inc. NV · CIK 0001144879
$40.94 +3.34% $12.0B
Insider Selling Cluster (2 insiders)High Impact Filing (7/10)5 New Institutional Positions3 Institutional Exits
Vol
Market Cap$12.0B
Cap SizeLarge Cap
Analyst ConsensusStrong Buy (94%)
Inst. Holders8 funds
Inst. Value$860.0M
Inst. Activity5 buys / 3 sells
Insider Activity0B / 4S
Insider Net $-$3.0M
Reddit Sentiment53° Neutral
SEC Reports8
Press Releases2
Exchange Nasdaq·Sector Services-Computer Processing & Data Preparation·Inc. NV·CIK 0001144879·Prev Close $39.62

Recent Activity

Jun 9, 2026 other
Applied Digital Announces Pricing of $1.59 Billion of Senior Secured Notes to fund the Fourth Building at Polaris Forge 1
<p align="justify">DALLAS, June 09, 2026 (GLOBE NEWSWIRE) -- Applied Digital Corporation (NASDAQ:
Jun 9, 2026 SEC
Applied Digital announced it closed a $350M revolving credit facility (with a $200M accordion option) on May 29, 2026, a
8-K — Impact 7/10
May 5, 2026 SEC
Applied Digital completed the spin-off of its cloud business into a new public company, ChronoScale (CHRN), retaining ~9
8-K — Impact 5/10
Apr 30, 2026 SEC
Two directors sold a total of $750K in open-market sales over a 7-day window, representing ~0.008% of APLD's $9.3B marke
CLUSTER — Impact 2/10
Apr 30, 2026 Insider
Nottenburg Richard N sold 12,500 shares
Director @ $34.59 ($432.4K)
Apr 28, 2026 Insider
Nottenburg Richard N sold 12,500 shares
Director @ $32.00 ($400.0K)
Apr 27, 2026 Insider
MILLER DOUGLAS S sold 10,000 shares
Director @ $34.98 ($349.8K)
Inst.
VANGUARD GROUP INC — ADD
24,168,082 shares ($592.6M)

Price Targets

$71.00 +69.4% upside Strong Buy
Current $41.91 Low $40.00 Median $70.00 High $106.00 11 analysts
$40.00 $106.00

Analyst Ratings

Strong Buy94% buy · 18 analysts
4Strong Buy
13Buy
1Hold
0Sell
0Strong Sell
Recent Analyst Actions
DateFirmActionRating
Jun 9, 2026 Craig-Hallum MAINTAIN Buy → Buy
Jun 9, 2026 Lake Street MAINTAIN Buy → Buy
Jun 9, 2026 Needham MAINTAIN Buy → Buy
May 27, 2026 B. Riley Securities MAINTAIN Buy → Buy
May 21, 2026 Lake Street MAINTAIN Buy → Buy

Earnings Estimates

PeriodEPS Est.RangeGrowth#
Current Q $-0.40 $-0.40 — $-0.40 -1233% YoY 1
Next Q $-0.28 ▼ -52.8% $-0.37 — $-0.18 -817% YoY 2
Current FY $-0.33 $-0.33 — $-0.33 -3% YoY 1
Next FY $-0.96 ▼ -37.9% $-1.23 — $-0.70 -192% YoY 2

Top Institutional Holders

FundValueMove
VANGUARD GROUP INC$592.6MADD
BANK OF AMERICA CORP$93.4MADD
MORGAN STANLEY$87.3MADD
CHARLES SCHWAB INVESTMENT MANAGEMENT$53.9MADD
WELLS FARGO & COMPANY/MN$9.3MNEAR_EXIT

Recent Insider Trades

DateInsiderTypeValue
Apr 30, 2026Nottenburg RichardSELL$432.4K
Apr 28, 2026Nottenburg RichardSELL$400.0K
Apr 27, 2026MILLER DOUGLASSELL$349.8K
Apr 10, 2026Cummins WesM$0.00
Apr 10, 2026Cummins WesF$1.0M

Reddit Sentiment

53°
Neutral
Bearish Neutral Bullish
35 mentions 11 bullish 9 bearish
8 institutional holders with $860.0M total value (35,073,623 shares) as of 2025-Q4. Top holders: VANGUARD, BANK, MORGAN. Net buying activity: 5 institutions added/increased vs 3 reduced.

Top Institutional Holders — 2025-Q4

#FundSharesValue% of TrackedLast Move
1VANGUARD GROUP INC24,168,082$592.6M68.9%ADD +36.4%
2BANK OF AMERICA CORP /DE/3,808,281$93.4M10.9%ADD +88.5%
3MORGAN STANLEY3,561,014$87.3M10.2%ADD +37.7%
4CHARLES SCHWAB INVESTMENT MANAGEMENT INC2,200,210$53.9M6.3%ADD +100.0%
5WELLS FARGO & COMPANY/MN378,132$9.3M1.1%NEAR_EXIT -88.9%
6FMR LLC336,086$8.2M1.0%ADD +88.3%
7TWO SIGMA INVESTMENTS, LP317,118$7.8M0.9%NEAR_EXIT -89.5%
8NORGES BANK304,700$7.5M0.9%NEW

Recent Position Changes

FundActionPrev SharesCurr SharesChange %ValueQuarter
VANGUARD GROUP INCADD17,722,17424,168,082+36.4%$592.6M2025-Q4
BANK OF AMERICA CORP /DE/ADD2,019,8503,808,281+88.5%$93.4M2025-Q4
MORGAN STANLEYADD2,585,3573,561,014+37.7%$87.3M2025-Q4
WELLS FARGO & COMPANY/MNNEAR_EXIT3,411,950378,132-88.9%$9.3M2025-Q4
FMR LLCADD178,443336,086+88.3%$8.2M2025-Q4
TWO SIGMA INVESTMENTS, LPNEAR_EXIT3,031,154317,118-89.5%$7.8M2025-Q4
NORGES BANKNEW304,700$7.5M2025-Q4
RENAISSANCE TECHNOLOGIES LLCEXIT3,178,3000-100.0%$0.002025-Q4
WELLS FARGO & COMPANY/MNDOUBLED177,7513,411,950+1819.5%$78.3M2025-Q3
RENAISSANCE TECHNOLOGIES LLCDOUBLED1,578,0003,178,300+101.4%$72.9M2025-Q3
TWO SIGMA INVESTMENTS, LPNEW3,031,154$69.5M2025-Q3
UBS Group AGDOUBLED1,313,8053,001,330+128.4%$68.9M2025-Q3
MORGAN STANLEYTRIM3,924,4792,585,357-34.1%$59.3M2025-Q3
BANK OF AMERICA CORP /DE/DOUBLED852,9472,019,850+136.8%$46.3M2025-Q3
FMR LLCDOUBLED16,043178,443+1012.3%$4.1M2025-Q3
MORGAN STANLEYADD2,129,9113,924,479+84.3%$39.5M2025-Q2
RENAISSANCE TECHNOLOGIES LLCNEW1,578,000$15.9M2025-Q2
UBS Group AGTRIM2,186,2861,313,805-39.9%$13.2M2025-Q2
BANK OF AMERICA CORP /DE/TRIM1,300,438852,947-34.4%$8.6M2025-Q2
WELLS FARGO & COMPANY/MNADD134,632177,751+32.0%$1.8M2025-Q2
UBS Group AGADD1,167,4112,186,286+87.3%$12.3M2025-Q1
RENAISSANCE TECHNOLOGIES LLCEXIT410,3710-100.0%$0.002025-Q1
TWO SIGMA INVESTMENTS, LPEXIT254,3310-100.0%$0.002025-Q1
MORGAN STANLEYDOUBLED602,7562,476,231+310.8%$18.9M2024-Q4
CHARLES SCHWAB INVESTMENT MANAGEMENT INCADD899,2931,798,431+100.0%$13.7M2024-Q4
7 unique insiders with 4 transactions. Net insider value: -$3.0M ($0.00 bought, $3.0M sold).

Insider Transactions

DateInsiderTitleTypeSharesPriceValue
Apr 30, 2026Nottenburg Richard NDirectorSELL12,500$34.59$432.4K
Apr 28, 2026Nottenburg Richard NDirectorSELL12,500$32.00$400.0K
Apr 27, 2026MILLER DOUGLAS SDirectorSELL10,000$34.98$349.8K
Apr 10, 2026Cummins WesCEO; ChairmanM100,000$0.00$0.00
Apr 10, 2026Cummins WesCEO; ChairmanF39,350$26.26$1.0M
Apr 10, 2026Cummins WesCEO; ChairmanM100,000$0.00$0.00
Apr 4, 2026Mohmand Mohammad Saidal LaVanwayChief Financial OfficerM12,500$0.00$0.00
Apr 4, 2026Mohmand Mohammad Saidal LaVanwayChief Financial OfficerF4,194$24.56$103.0K
Apr 4, 2026Mohmand Mohammad Saidal LaVanwayChief Financial OfficerM12,500$0.00$0.00
Apr 4, 2026Cummins WesCEO; ChairmanM100,000$0.00$0.00
Apr 4, 2026Cummins WesCEO; ChairmanF34,579$24.56$849.3K
Apr 4, 2026Cummins WesCEO; ChairmanM100,000$0.00$0.00
Mar 12, 2026Zhang Jason GechenPresidentF93,037$27.48$2.6M
Feb 6, 2026Zhang Jason GechenPresidentA500,000$0.00$0.00
Feb 6, 2026Mohmand Mohammad Saidal LaVanwayChief Financial OfficerA250,000$0.00$0.00
Jan 29, 2026HASTINGS CHUCKDirectorSELL45,987$38.57$1.8M
Jan 6, 2026Laltrello LauraChief Operating OfficerF82,764$30.27$2.5M
Current analyst consensus: Strong Buy (94% buy). Based on 18 analysts: 4 strong buy, 13 buy, 1 hold, 0 sell, 0 strong sell.

Analyst Price Targets

$71.00 mean target +69.4% upside Strong Buy (1.18)
$40.00 Low $106.00 High
MetricValue
Current Price$41.91
Target Low$40.00
Target Mean$71.00
Target Median$70.00
Target High$106.00
# Analysts11
RecommendationStrong Buy (1.18)

Earnings Estimates & Revisions

PeriodEPS AvgEPS LowEPS HighEPS Growth30d Rev.Up/DownRev. AvgRev. GrowthAnalysts
Current Q
2026-05-31
$-0.40 $-0.40 $-0.40 -1233.3% $0.1B 152.5% 1
Next Q
2026-08-31
$-0.28 $-0.37 $-0.18 -816.7% -52.8% $0.1B 78.6% 2
Current FY
2026-05-31
$-0.33 $-0.33 $-0.33 -3.1% $0.4B 95.7% 1
Next FY
2027-05-31
$-0.96 $-1.23 $-0.70 -192.4% -37.9% $0.7B 75.3% 2

Current Quarter EPS Revision History

TimepointEPS EstimateChange
Current$-0.400
7d ago$-0.400
30d ago$0.000-0.400
60d ago$-0.170-0.230
90d ago$-0.210-0.190
8 analyst firms have rated this stock: 0 upgrades, 0 downgrades, 1 initiations.

Individual Analyst Actions

DateAnalyst FirmActionPrevious RatingNew Rating
Jun 9, 2026 Craig-Hallum MAINTAIN Buy Buy
Jun 9, 2026 Lake Street MAINTAIN Buy Buy
Jun 9, 2026 Needham MAINTAIN Buy Buy
May 27, 2026 B. Riley Securities MAINTAIN Buy Buy
May 21, 2026 Lake Street MAINTAIN Buy Buy
May 21, 2026 Citizens MAINTAIN Market Outperform Market Outperform
May 21, 2026 Needham MAINTAIN Buy Buy
May 15, 2026 Needham MAINTAIN Buy Buy
Apr 28, 2026 Needham REITERATE Buy Buy
Apr 24, 2026 Needham MAINTAIN Buy Buy
Apr 23, 2026 Needham MAINTAIN Buy Buy
Apr 9, 2026 Citizens REITERATE Market Outperform Market Outperform
Jan 9, 2026 B. Riley Securities MAINTAIN Buy Buy
Jan 8, 2026 Roth Capital MAINTAIN Buy Buy
Jan 8, 2026 Needham REITERATE Buy Buy
Jan 7, 2026 Freedom Capital Markets INITIATE Buy
Dec 30, 2025 Northland Capital Markets MAINTAIN Outperform Outperform
Dec 30, 2025 Lake Street REITERATE Buy Buy

Monthly Consensus History

PeriodStrong BuyBuyHoldSellStrong SellBuy %Distribution
Jun 1, 202641310094%
May 1, 202641410095%
Apr 1, 202641410095%
Mar 1, 202641410095%
Feb 1, 202641410095%
Jan 1, 202641110094%
Strong BuyBuyHoldSellStrong Sell

No congressional trading data available for this ticker. Data is sourced from Senate and House financial disclosure filings.

53°
Neutral
Bearish Neutral Bullish
35 mentions 11 bullish 9 bearish 30 time periods

Reddit Sentiment History

DateMentionsSentimentBullishBearishThreads
Jun 9, 2026425° Bearish044
Jun 9, 2026140° Cool011
Jun 8, 2026140° Cool011
Jun 8, 2026140° Cool011
May 30, 2026160° Warm101
May 30, 2026160° Warm101
May 30, 2026160° Warm101
May 30, 2026160° Warm101
May 28, 2026150° Neutral001
May 28, 2026150° Neutral001
May 28, 2026140° Cool011
May 28, 2026140° Cool011
May 27, 2026160° Warm101
May 27, 2026160° Warm101
May 27, 2026150° Neutral001
May 27, 2026150° Neutral001
May 21, 2026150° Neutral001
May 21, 2026150° Neutral001
May 15, 2026160° Warm101
May 15, 2026160° Warm101
May 7, 2026250° Neutral002
May 7, 2026150° Neutral001
May 5, 2026150° Neutral001
May 5, 2026150° Neutral001
May 5, 2026150° Neutral001
Apr 29, 2026150° Neutral001
Apr 29, 2026150° Neutral001
Apr 24, 2026267° Warm202
Apr 24, 2026160° Warm101
Apr 23, 2026150° Neutral001

Recent Reddit Threads

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You play only the "short squeeze" ?
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Full ported AI am I doing this right?
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FRMI will be the next APLD
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Losing gain on APLD due stop loss order
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Thank you wsb for NBIS, IREN and APLD
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Jun 9, 2026
other
Applied Digital Announces Pricing of $1.59 Billion of Senior Secured Notes to fund the Fourth Building at Polaris Forge 1
<p align="justify">DALLAS, June 09, 2026 (GLOBE NEWSWIRE) -- Applied Digital Corporation (NASDAQ: APLD) (“Applied Digital” or the “Company”), a lead
Jun 9, 2026
other
Applied Digital Announces Proposed Offering of $1.59 Billion of Senior Secured Notes to fund the Fourth Building at Polaris Forge 1
<p align="justify">DALLAS, June 09, 2026 (GLOBE NEWSWIRE) -- Applied Digital Corporation (NASDAQ: APLD) (“Applied Digital” or the “Company”), a lead
Jun 9, 2026
short_volume
Short Volume: APLD — 63.7% short (13.1M / 20.5M)
Short: 13,055,152 | Exempt: 25,090 | TRF Vol: 20,490,731 | Short Ratio: 63.7% | Off-exchange volume (dark pool + OTC)
Jun 8, 2026
contract
Applied Digital Signs 210 MW Lease at Delta Forge 2, Expanding Its AI Factory Franchise Model to a Fifth Campus
Applied Digital Signs 210 MW Lease at Delta Forge 2, Expanding Its AI Factory Franchise Model to a Fifth Campus
Jun 8, 2026
short_volume
Short Volume: APLD — 60.6% short (3.9M / 6.4M)
Short: 3,880,666 | Exempt: 369,077 | TRF Vol: 6,401,696 | Short Ratio: 60.6% | Off-exchange volume (dark pool + OTC)
Jun 5, 2026
short_volume
Short Volume: APLD — 63.1% short (6.7M / 10.6M)
Short: 6,693,089 | Exempt: 529,751 | TRF Vol: 10,607,559 | Short Ratio: 63.1% | Off-exchange volume (dark pool + OTC)
Jun 4, 2026
short_volume
Short Volume: APLD — 62.6% short (4.3M / 6.8M)
Short: 4,253,408 | Exempt: 42,453 | TRF Vol: 6,798,057 | Short Ratio: 62.6% | Off-exchange volume (dark pool + OTC)
Jun 3, 2026
short_volume
Short Volume: APLD — 57.8% short (3.7M / 6.4M)
Short: 3,676,759 | Exempt: 11,876 | TRF Vol: 6,356,018 | Short Ratio: 57.8% | Off-exchange volume (dark pool + OTC)
Jun 2, 2026
short_volume
Short Volume: APLD — 57.9% short (4.1M / 7.1M)
Short: 4,105,540 | Exempt: 20,363 | TRF Vol: 7,094,729 | Short Ratio: 57.9% | Off-exchange volume (dark pool + OTC)
Jun 1, 2026
short_volume
Short Volume: APLD — 57.7% short (4.6M / 8.0M)
Short: 4,637,191 | Exempt: 25,794 | TRF Vol: 8,042,997 | Short Ratio: 57.7% | Off-exchange volume (dark pool + OTC)
May 29, 2026
short_volume
Short Volume: APLD — 58.7% short (4.6M / 7.8M)
Short: 4,592,881 | Exempt: 11,832 | TRF Vol: 7,821,889 | Short Ratio: 58.7% | Off-exchange volume (dark pool + OTC)
May 28, 2026
short_volume
Short Volume: APLD — 55.8% short (5.1M / 9.1M)
Short: 5,067,768 | Exempt: 19,397 | TRF Vol: 9,075,105 | Short Ratio: 55.8% | Off-exchange volume (dark pool + OTC)
May 27, 2026
short_volume
Short Volume: APLD — 60.2% short (7.2M / 11.9M)
Short: 7,165,786 | Exempt: 34,763 | TRF Vol: 11,904,356 | Short Ratio: 60.2% | Off-exchange volume (dark pool + OTC)
May 26, 2026
short_volume
Short Volume: APLD — 59.0% short (5.2M / 8.8M)
Short: 5,185,917 | Exempt: 36,420 | TRF Vol: 8,786,381 | Short Ratio: 59.0% | Off-exchange volume (dark pool + OTC)
May 21, 2026
short_volume
Short Volume: APLD — 56.9% short (10.6M / 18.7M)
Short: 10,638,109 | Exempt: 78,618 | TRF Vol: 18,708,797 | Short Ratio: 56.9% | Off-exchange volume (dark pool + OTC)