Applied Digital (NASDAQ:APLD) CEO Sells $6,009,300.00 in Stock

Applied Digital Corporation (NASDAQ:APLD) CEO Wes Cummins sold 165,000 shares of the firm’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $36.42, for a total value of $6,009,300.00. Following the completion of the sale, the chief executive officer directly owned 4,176,329 shares of the company’s stock, valued at $152,101,902.18. The trade was a 3.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Applied Digital Trading Up 6.2%

Shares of NASDAQ:APLD traded up $2.18 during trading hours on Friday, hitting $37.40. 31,740,908 shares of the company’s stock traded hands, compared to its average volume of 44,909,715. The company has a debt-to-equity ratio of 1.79, a current ratio of 4.82 and a quick ratio of 4.82. The business has a fifty day moving average price of $27.69 and a 200-day moving average price of $22.48. Applied Digital Corporation has a 1 year low of $3.31 and a 1 year high of $40.20. The firm has a market capitalization of $10.46 billion, a P/E ratio of -69.26 and a beta of 6.89.

Applied Digital (NASDAQ:APLD) last issued its earnings results on Wednesday, January 7th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.02). Applied Digital had a negative net margin of 43.49% and a negative return on equity of 13.53%. The firm had revenue of $126.59 million for the quarter, compared to the consensus estimate of $82.22 million. During the same period last year, the firm earned ($0.06) earnings per share. The company’s revenue for the quarter was up 250.1% on a year-over-year basis. Equities analysts expect that Applied Digital Corporation will post -0.96 earnings per share for the current year.

Hedge Funds Weigh In On Applied Digital

Several hedge funds and other institutional investors have recently modified their holdings of APLD. Voya Investment Management LLC raised its holdings in Applied Digital by 403.4% in the 3rd quarter. Voya Investment Management LLC now owns 1,464,909 shares of the company’s stock valued at $33,605,000 after acquiring an additional 1,173,929 shares during the last quarter. Chelsea Counsel Co. purchased a new stake in shares of Applied Digital in the second quarter valued at approximately $582,000. Lake Hills Wealth Management LLC purchased a new stake in shares of Applied Digital in the second quarter valued at approximately $184,000. KLP Kapitalforvaltning AS increased its holdings in shares of Applied Digital by 27.7% in the second quarter. KLP Kapitalforvaltning AS now owns 41,500 shares of the company’s stock valued at $418,000 after purchasing an additional 9,000 shares during the last quarter. Finally, Kovack Advisors Inc. purchased a new position in Applied Digital during the second quarter worth approximately $116,000. 65.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on APLD shares. Arete initiated coverage on shares of Applied Digital in a report on Wednesday, January 7th. They issued a “buy” rating on the stock. Citigroup reaffirmed an “outperform” rating on shares of Applied Digital in a report on Tuesday, December 30th. Craig Hallum increased their price target on Applied Digital to $39.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Freedom Capital raised Applied Digital to a “strong-buy” rating in a report on Tuesday, January 6th. Finally, Wall Street Zen upgraded Applied Digital from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $33.27.

Key Headlines Impacting Applied Digital

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

• Positive Sentiment: MarketBeat ranks APLD as the leading GPU‑as‑a‑Service play for 2026 after a blowout Q4, citing nearly 100% revenue growth, analyst upgrades and advance contracts that suggest the company’s Phase II capacity is largely sold out — a major demand signal for future revenue and margin expansion. The 5 Best GPU-as-a-Service Providers for 2026—And 1 Clear Winner
• Positive Sentiment: Management move: Applied Digital promoted co‑founder Jason Zhang to President, signaling leadership continuity and deeper founder involvement as the company scales data‑center and GPU hosting operations. This supports investor confidence on execution risk. Applied Digital Appoints Co-Founder Jason Zhang as President
• Positive Sentiment: Street momentum: APLD is highlighted in MarketBeat small‑cap features and has seen analysts lift targets and ratings following the quarter, which supports further upside if execution and contract wins continue. 5 Hot Small Caps Setting Up for Big Gains: Buy, Sell, or Hold?
• Neutral Sentiment: Industry/structural analysis: Longer‑term writeups (e.g., Seeking Alpha) discuss a “REIT angle” and capital‑structure considerations for Applied Digital’s asset‑heavy model — useful for evaluating valuation and cash flow durability but not an immediate share‑price catalyst. Applied Digital: The REIT Angle No One Talks About
• Negative Sentiment: Insider selling: Multiple director sales have been disclosed this week — Richard N. Nottenburg sold ~23,606 shares across Jan. 14–15 (SEC Form 4), and Director Douglas Miller sold 10,000 shares earlier — prompting reports of intraday weakness tied to insider activity. Investors often view clustered director sales as a short‑term negative signal even when holders remain large. Nottenburg Form 4 (Insider Sale) Miller Form 4 (Insider Sale)
• Negative Sentiment: Market reaction note: Coverage flagged a short‑term pullback after the insider sales (reports noted a ~1–2% intraday decline tied to the disclosures), underscoring that insider activity can temporarily damp momentum despite strong fundamentals. Applied Digital Trading Down Following Insider Selling

Applied Digital Company Profile

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.