Applied Digital Corp. (APLD)
NasdaqGS · Price as of · Delayed Quote
- Profitability5/20
Losing money ($-174.3M over the last four reported quarters), but the top line is growing fast. Revenue over the last four reported quarters was $337.7M, up 144% from $138.7M the year before. Growth this quick earns partial credit; it still has to turn into profit.
- Insider buying vs selling11/20
Insiders are sellers only: 4 sells worth $3.5M, no open-market buys, across the last 16 Form 4s. Routine executive selling is common, so this is only a mild negative. Separately, 2 new 5%+ stake disclosures (13D/13G) hit in the last 6 months, which is big-money accumulation.
- Dilution and offerings1/15
Share count up 11.5% in a year and 5 offering-related filings. Heavy dilution. One nuance: offerings raise cash that can fund real growth. The score docks the certain near-term dilution; if the spending pays off, it shows up later in the profitability component.
- Analysts11
- Implied upside+181.0%
- Target range$37.50 to $109.00
- EPS expected-$0.29
- A year ago-$0.03
- Revenue expected$126.4M +97%
- Estimate range-$0.36 to -$0.22
APLD closed at $26.42 on Sep 11, down 15.2% since Aug 12. Chart read: price below both the 50-day and 200-day moving averages; the 50-day is below the 200-day (downtrend structure); trading at 25% of the 52-week range ($18.68 to $49.65).
Insider buying and selling at Applied Digital Corp. (APLD)
The most recent Form 4 on record for Applied Digital Corp. (APLD) is August 4, 2026, when Richard N Nottenburg, Director, sold $2.3M of stock. Nothing in the filing ties this one to a pre-arranged plan, so it was the filer's own call.
| Insider | Action | Value | Date | Type |
|---|---|---|---|---|
| Richard N Nottenburg · Director | Sell | $2.3M | August 4, 2026 | Worth a look |
| Wes Cummins · CEO; Chairman | Sell | $6.0M | January 16, 2026 | Red flag |
| Chuck Hastings · Director | Sell | $2.6M | October 29, 2025 | Worth a look |
| Mohammad Saidal LaVanway Mohmand · Chief Financial Officer | Sell | $4.8M | October 24, 2025 | Red flag |
| Wes Cummins · CEO; Chairman | Sell | $6.1M | September 3, 2025 | Red flag |
Filed notices to sell
A Form 144 is filed beforean insider sells restricted stock. The Form 4 reporting the completed trade isn't due until two business days after the sale, so these land first. They are intentions, not transactions.
| Insider | Value | Filed | Status | Type |
|---|---|---|---|---|
| Nottenburg Richard N · Director | $2.3M | August 4, 2026 | Executed | Vested shares |
SEC filings
| Form | Filed | Description |
|---|---|---|
| 4 | August 6, 2026 | FORM 4 |
| 4 | August 4, 2026 | FORM 4 |
| 4 | August 4, 2026 | FORM 4 |
| 4 | August 4, 2026 | FORM 4 |
| 4 | August 4, 2026 | FORM 4 |
| 144 | August 4, 2026 | View on EDGAR |
| SCHEDULE 13G/A | July 31, 2026 | View on EDGAR |
| 10-K | July 29, 2026 | 10-K |
Applied Digital news
All 27 articles
Babcock & Wilcox (BW) is building Applied Digital's power plants. Leopold Aschenbrenner's fund owned both companies.
Situational Awareness LP held 2,027,451 Babcock & Wilcox shares at the end of the second quarter, up 50 percent in three months. B&W's $2.4 billion contract is to build the power plants for Applied Digital's AI campuses, and the fund owned that company too.
An Applied Digital (APLD) director just sold $2.34 million of stock. Four other insiders only looked like they did.
One Applied Digital director genuinely sold on August 4, and his Form 4 confirmed it on August 6: 75,000 shares for $2.34 million, an open-market sale with no 10b5-1 plan behind it. Four other insiders filed the same week and only looked like sellers, because their dispositions were tax withholding on newly vested stock, and all four finished the day owning more of the company.
Articles that mention Applied Digital without it being the main subject.
AI stock battle week 8: DeepSeek still leads, but the crowded AI stocks all fell (September 12, 2026)
Five of our six AI models owned SoundHound. It closed lower in all four sessions. Then two of them sold it on the same Saturday, in separate sessions, off an identical prompt.
AI stock battle week 7: DeepSeek leads our AI stock contest. All four of its latest picks broke the rules (September 5, 2026)
DeepSeek tried to sell C3.ai and buy four stocks. Two were over the $10 billion ceiling, two were too illiquid, and it wanted eight names in a five-stock contest.
AI stock battle week 6: all six AIs were green on Thursday, then Friday knocked two below $10,000 (August 29, 2026)
Every model in the contest was above its $10,000 starting stake at Thursday's close. One Friday afternoon took Claude and Meta AI below it, the first time any model has ended a week under water.
Frequently asked questions
When does APLD report earnings?
Applied Digital Corp. (APLD) is scheduled to report quarterly results on October 8, 2026, after the close. The 3-analyst consensus is -$0.29 per share on revenue of $126.4M for the quarter ended August 31, 2026, against -$0.03 and $64.2M a year earlier.
What do analysts expect for APLD?
11 analysts cover Applied Digital Corp. (APLD). The consensus rating is Strong buy. The average price target is $74.23, in a range of $37.50 to $109.00.
Are insiders buying or selling APLD?
We track Form 4 filings for Applied Digital Corp. (APLD). The activity listed on this page shows 5 qualifying sales. Each row is labelled Routine when the filer declared a pre-arranged 10b5-1 plan, Tax withholding when shares were sold automatically to cover the tax on a vest, or Own call when neither applies.
Where can I see APLD SEC filings?
Recent filings are listed on this page, newest first. The latest is a 4 filed August 6, 2026.