Market Cap
$7.3B
APLD
Applied Digital Corp.
$25.01 ▲ +3.54%
Prev close $24.16Market cap$7.3B
ConsensusStrong Buy
12-mo target$66.43 (+165.6%)
▲ Bullish
Analyst conviction 9/10
Insider Selling Cluster (2 insiders)High Impact Filing (8/10)33 New Institutional Positions17 Institutional Exits Software & IT
Snapshot
The big-picture read on APLD right now — valuation, ownership and activity at a glance.
Cap Size
Mid Cap
Analyst Consensus
Strong Buy (90%)
Inst. Holders
50 funds
Inst. Value
$8.0B
Inst. Activity
33 buys / 17 sells
Insider Activity
$0.00 buy / $5.3M sell
Insider Net $
-$5.3M
Social Sentiment
61° Warm
SEC Reports
13
Press Releases
2
Price chart 30d +0.4%
Daily candles (open–high–low–close) with volume. Green = up day, red = down day.
No data for this timeframe.
Vol
Recent activity
The latest filings, insider trades, analyst actions, press and options flow — newest first.
Oct 7, 2026 earnings_calendar
APLD Q1 2027 Earnings Scheduled — 2026-10-07
Sep 12, 2026 Insider
Zhang Jason Gechen surrendered for taxes 49,188 shares
President @ $26.42 ($1.3M)
Aug 4, 2026 Insider
Nottenburg Richard N sold 75,000 shares
Director @ $31.15 ($2.3M)
Aug 4, 2026 Insider
Jul 27, 2026 SEC Cummins Wes disposed of 714,685 shares
CEO; Chairman
Applied Digital reported Q4 FY2026 revenue of $258.7M (+407% YoY), massively beating the $95.3M consensus, driven by $15
8-K — Impact 8/10
Jun 30, 2026 Inst.
BlackRock, Inc. — TRIM
13,375,070 shares ($498.9M)
Jun 30, 2026 Inst.
Jun 26, 2026 SEC NORGES BANK — NEW
3,088,677 shares ($115.2M)
Applied Digital Corp. increased its secured revolving credit facility to $430M (from $350M) and expanded its preferred e
8-K — Impact 6/10
Analyst ratings buy % -4.3%
How Wall Street rates the stock today, and the latest firm-by-firm actions.
90% rate it Buy or better · 20 analysts
Recent analyst actions
| Date | Firm | Action | Rating | Firm rating |
|---|---|---|---|---|
| Sep 23, 2026 | UBS | INITIATE | Buy | 55% |
| Sep 21, 2026 | Rothschild & Co | INITIATE | Neutral | 58% |
| Sep 17, 2026 | Wells Fargo | INITIATE | Overweight | 54% |
| Aug 6, 2026 | Morgan Stanley | MAINTAIN | Equal-Weight | 55% |
| Aug 3, 2026 | B. Riley Securities | MAINTAIN | Buy | 54% |
| Jul 28, 2026 | Needham | REITERATE | Buy | 50% |
| Jul 23, 2026 | Morgan Stanley | INITIATE | Equal-Weight | 55% |
| Jun 17, 2026 | Northland Capital Markets | MAINTAIN | Outperform | 51% |
| Jun 9, 2026 | Craig-Hallum | MAINTAIN | Buy | 54% |
| Jun 9, 2026 | Lake Street | MAINTAIN | Buy | 45% |
Monthly consensus history
| Period | Str. Buy | Buy | Hold | Sell | Str. Sell | Buy % | Distribution |
|---|---|---|---|---|---|---|---|
| Sep 1, 2026 | 4 | 14 | 2 | 0 | 0 | 90% | |
| Aug 1, 2026 | 4 | 14 | 2 | 0 | 0 | 90% | |
| Jul 1, 2026 | 4 | 14 | 1 | 0 | 0 | 95% | |
| Jun 1, 2026 | 4 | 13 | 1 | 0 | 0 | 94% | |
| May 1, 2026 | 4 | 14 | 1 | 0 | 0 | 95% | |
| Apr 1, 2026 | 4 | 14 | 1 | 0 | 0 | 95% | |
| Mar 1, 2026 | 4 | 14 | 1 | 0 | 0 | 95% | |
| Feb 1, 2026 | 4 | 14 | 1 | 0 | 0 | 95% |
Price targets
Where 15 covering analysts think APLD trades over the next 12 months.
$66.43 +165.6% upside Strong Buy
Current$25.02 Low$22.00 Median$70.00 High$109.00 15 analysts
$22.00$109.00
Analyst rating Strong Buy· 1.4/5 as of Oct 2, 2026
Social media sentiment mood -6.7%
Retail-investor mood aggregated across social media. 0° = very bearish, 100° = very bullish.
61°
Warm
BearishNeutralBullish
Recent posts
Reports & filings
AI-scored summaries of recent SEC filings and press releases, with sentiment and impact.
13 SEC filing reports analyzed · 9 bullish, 0 bearish, 2 mixed, 2 neutral · avg impact 6.2/10.Plus 2 press releases.
BULLISH8-K8/10
Applied Digital reported Q4 FY2026 revenue of $258.7M (+407% YoY), massively beating the $95.3M cons
Jul 27, 2026
BULLISH8-K6/10
Applied Digital Corp. increased its secured revolving credit facility to $430M (from $350M) and expa
Jun 26, 2026
BULLISH8-K7/10
Applied Digital's subsidiary completed a $1.59 billion private offering of 7.000% Senior Secured Not
Jun 16, 2026
BULLISHINST-CLUSTER6/10
12 institutional buyers accumulated $105.5M in APLD during Q3 2024, with Nvidia ($63.7M new position
Jun 12, 2026
Upcoming & catalyst events
Scheduled dates plus disclosed catalysts — earnings, dividends, enforcement, FDA and clinical-trial events. Colored dot = impact.
Oct 7, 2026
earnings_calendar
APLD Q1 2027 Earnings Scheduled — 2026-10-07
Oct 2, 2026
other
Applied Digital Brings an Additional 75 MW of AI Infrastructure Online at Polaris Forge 1
Completion of three additional 25 MW data halls brings fully operational capacity at Polaris Forge 1 to 250 MW Completion of three additional 25 MW da
Oct 1, 2026
short_volume
Short Volume: APLD — 58.6% short (4.6M / 7.8M)
Short: 4,564,196 | Exempt: 23,376 | TRF Vol: 7,795,064 | Short Ratio: 58.6% | Off-exchange volume (dark pool + OTC)
Sep 28, 2026
earnings
Applied Digital Sets Fiscal First Quarter 2027 Conference Call for Wednesday, October 7, 2026, at 5:00 p.m. Eastern Time
DALLAS, Sept. 28, 2026 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company") , a U.S.-based designer, de
Sep 18, 2026
short_volume
Short Volume: APLD — 61.1% short (5.4M / 8.9M)
Short: 5,440,614 | Exempt: 41,440 | TRF Vol: 8,904,490 | Short Ratio: 61.1% | Off-exchange volume (dark pool + OTC)
Earnings estimates
Forecast earnings per share and revenue by period — and whether estimates are rising.
| Period | EPS Est. | Range | Growth | 30d Rev | Up/Dn | Revenue | # |
|---|---|---|---|---|---|---|---|
| Current Q | $-0.30 | $-0.36–$-0.22 | -907.6% | -3.1% | 1↑ 0↓ | $0.1B | 4 |
| Next Q | $-0.35 | $-0.44–$-0.18 | 0.0% | -5.4% | 0↑ 1↓ | $0.2B | 4 |
| Current FY | $-1.09 | $-1.48–$-0.72 | -1089.1% | -14.1% | 1↑ 0↓ | $0.8B | 5 |
| Next FY | $-0.48 | $-1.41–$0.47 | 55.6% | -93.4% | 0↑ 1↓ | $1.9B | 5 |
Current-quarter EPS estimate — revision history
| When | EPS estimate | Change vs now |
|---|---|---|
| Current | $-0.302 | — |
| 7d ago | $-0.293 | -0.009 |
| 30d ago | $-0.293 | -0.009 |
| 60d ago | $-0.255 | -0.047 |
| 90d ago | $-0.275 | -0.027 |
Institutional ownership
Which big funds own APLD (from quarterly 13F filings) and who is adding or trimming.
50 institutional holders with $8.0B total value (216,712,657 shares) as of 2026-Q2. Top holders: Hood, VANGUARD, BlackRock,. Net buying activity: 33 institutions added/increased vs 17 reduced.
Top holders — 2026-Q2
| Fund | Shares | Value | % Tracked | Last move |
|---|---|---|---|---|
| Hood River Capital Management LLC | 22,518,887 | $840.0M | 10.5% | — |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 13,728,812 | $512.1M | 6.4% | — |
| BlackRock, Inc. | 13,375,070 | $498.9M | 6.2% | TRIM -36.0% |
| Situational Awareness LP | 15,384,616 | $469.0M | 5.8% | — |
| VANGUARD CAPITAL MANAGEMENT LLC | 11,555,819 | $431.0M | 5.4% | — |
| TWO SIGMA INVESTMENTS, LP | 10,299,117 | $384.2M | 4.8% | — |
| JANE STREET GROUP, LLC | 9,762,700 | $364.1M | 4.5% | — |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 9,043,600 | $337.3M | 4.2% | DOUBLED +385.3% |
| NOMURA HOLDINGS INC | 7,500,000 | $279.8M | 3.5% | TRIM -44.0% |
| PEAK6 LLC | 7,494,800 | $279.6M | 3.5% | — |
Recent position changes
| Fund | Action | Prev | Current | Change | Value |
|---|---|---|---|---|---|
| BlackRock, Inc. | TRIM | 20,896,101 | 13,375,070 | -36.0% | $498.9M |
| NORGES BANK | NEW | — | 3,088,677 | — | $115.2M |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | DOUBLED | 83,967 | 3,033,280 | +3512.5% | $113.1M |
| UBS Group AG | TRIM | 4,500,887 | 2,884,430 | -35.9% | $107.6M |
| AMERIPRISE FINANCIAL INC | DOUBLED | 615,051 | 2,058,415 | +234.7% | $76.8M |
| Squarepoint Ops LLC | DOUBLED | 203,679 | 1,795,876 | +781.7% | $67.0M |
| NORTHERN TRUST CORP | TRIM | 2,119,543 | 1,381,815 | -34.8% | $51.5M |
| CITADEL ADVISORS LLC | DOUBLED | 305,249 | 1,372,681 | +349.7% | $51.2M |
| BALYASNY ASSET MANAGEMENT L.P. | DOUBLED | 546,217 | 1,336,486 | +144.7% | $49.9M |
| MILLENNIUM MANAGEMENT LLC | DOUBLED | 86,238 | 1,065,869 | +1136.0% | $39.8M |
Insider activity
Buying and selling by company executives and directors (SEC Form 4).
7 insiders, 37 transactions. Net -$5.3M — $0.00 bought, $5.3M sold.
| Date | Insider | Title | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Sep 12, 2026 | Zhang Jason Gechen | President | TAX W/H | 49,188 | $26.42 | $1.3M |
| Aug 4, 2026 | Nottenburg Richard N | Director | SELL | 75,000 | $31.15 | $2.3M |
| Aug 4, 2026 | Cummins Wes | CEO; Chairman | J | 714,685 | — | — |
| Aug 4, 2026 | Mohmand Mohammad Saidal LaVanway | Chief Financial Officer | J | 13,408 | — | — |
| Jul 31, 2026 | Laltrello Laura | Chief Operating Officer | TAX W/H | 260,640 | $27.39 | $7.1M |
| Jul 31, 2026 | Zhang Jason Gechen | President | TAX W/H | 236,100 | $27.39 | $6.5M |
| Jul 31, 2026 | Cummins Wes | CEO; Chairman | AWARD | 1,600,000 | — | — |
| Jul 31, 2026 | Laltrello Laura | Chief Operating Officer | AWARD | 600,000 | — | — |
| Jul 31, 2026 | Zhang Jason Gechen | President | AWARD | 600,000 | — | — |
| Jul 31, 2026 | Cummins Wes | CEO; Chairman | TAX W/H | 629,600 | $27.39 | $17.2M |
Short interest & halts
FINRA semi-monthly short positions, Reg SHO threshold status, and recent trading halts for APLD.
Shares short
57,863,931
Settlement Sep 15, 2026
Change vs prior
-1.0%
Semi-monthly cycle
Days to cover
4.1
At avg daily volume
Of shares outstanding
≈19.9%
Estimate — not % of float
All APLD filing & press-release reports (15)
- 8-K reportJul 27, 2026
- 8-K reportJun 26, 2026
- 8-K reportJun 16, 2026
- INST-CLUSTER reportJun 12, 2026
- INST-CLUSTER reportJun 11, 2026
- 8-K reportJun 9, 2026
- 8-K reportMay 5, 2026
- CLUSTER reportApr 30, 2026
- 8-K reportApr 23, 2026
- PRESS-RELEASE reportApr 23, 2026
- 8-K reportApr 8, 2026
- PRESS-RELEASE reportApr 8, 2026
- PRESS-RELEASE reportMar 19, 2026
- 8-K reportMar 4, 2026
- INST-CLUSTER reportFeb 28, 2026