AI Campus Milestone: Recent chatter on X about Applied Digital Corporation (APLD) has surged following the company’s announcement of completing Phase II at its Polaris Forge 1 campus, fully energizing the first 100 MW building. This development, part of a larger 400 MW AI factory campus, has caught the attention of many discussing the stock’s potential in the AI infrastructure space. The timely delivery of this phase has fueled discussions about the company’s execution capabilities.
Financial Concerns: Despite the excitement, some on X have raised concerns over Applied Digital’s financial health, particularly regarding high borrowing costs and a recent $2.35 billion bond issuance with a steep yield. Posts highlight unease about escalating expenses and strategic uncertainties as AI hype faces scrutiny. This has led to mixed opinions on the stock’s near-term trajectory.
Note: This discussion summary was generated from an AI condensation of post data.
Applied Digital Corporation Insider Trading Activity
Applied Digital Corporation insiders have traded $APLD stock on the open market 19 times in the past 6 months. Of those trades, 0 have been purchases and 19 have been sales.
Here’s a breakdown of recent trading of $APLD stock by insiders over the last 6 months:
- WES CUMMINS (CEO; Chairman) sold 400,000 shares for an estimated $6,104,000
- MOHAMMAD SAIDAL LAVANWAY MOHMAND (Chief Financial Officer) has made 0 purchases and 3 sales selling 212,503 shares for an estimated $5,920,234.
- CHUCK HASTINGS has made 0 purchases and 4 sales selling 205,000 shares for an estimated $4,416,150.
- RICHARD N NOTTENBURG has made 0 purchases and 6 sales selling 93,686 shares for an estimated $2,289,187.
- ELLA G. BENSON has made 0 purchases and 2 sales selling 51,150 shares for an estimated $1,701,936.
- RACHEL H. LEE sold 24,213 shares for an estimated $803,871
- DOUGLAS S MILLER has made 0 purchases and 2 sales selling 20,000 shares for an estimated $286,300.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
Applied Digital Corporation Hedge Fund Activity
We have seen 241 institutional investors add shares of Applied Digital Corporation stock to their portfolio, and 157 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- D. E. SHAW & CO., INC. added 10,905,830 shares (+inf%) to their portfolio in Q3 2025, for an estimated $250,179,740
- JANE STREET GROUP, LLC added 7,198,999 shares (+inf%) to their portfolio in Q3 2025, for an estimated $165,145,037
- PRICE T ROWE ASSOCIATES INC /MD/ added 3,976,151 shares (+3110.7%) to their portfolio in Q3 2025, for an estimated $91,212,903
- BLACKROCK, INC. added 3,762,543 shares (+25.5%) to their portfolio in Q3 2025, for an estimated $86,312,736
- VANGUARD GROUP INC added 3,339,062 shares (+23.2%) to their portfolio in Q3 2025, for an estimated $76,598,082
- TWO SIGMA INVESTMENTS, LP added 3,031,154 shares (+inf%) to their portfolio in Q3 2025, for an estimated $69,534,672
- GOLDMAN SACHS GROUP INC removed 2,816,695 shares (-65.3%) from their portfolio in Q3 2025, for an estimated $64,614,983
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Applied Digital Corporation Analyst Ratings
Wall Street analysts have issued reports on $APLD in the last several months. We have seen 9 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Needham issued a "Buy" rating on 10/29/2025
- Craig-Hallum issued a "Buy" rating on 10/23/2025
- Northland Capital Markets issued a "Outperform" rating on 10/10/2025
- HC Wainwright & Co. issued a "Buy" rating on 10/10/2025
- Lake Street issued a "Buy" rating on 10/10/2025
- JMP Securities issued a "Market Outperform" rating on 10/09/2025
- Roth Capital issued a "Buy" rating on 10/01/2025
To track analyst ratings and price targets for Applied Digital Corporation, check out Quiver Quantitative's $APLD forecast page.
Applied Digital Corporation Price Targets
Multiple analysts have issued price targets for $APLD recently. We have seen 11 analysts offer price targets for $APLD in the last 6 months, with a median target of $37.0.
Here are some recent targets:
- John Todaro from Needham set a target price of $41.0 on 10/29/2025
- George Sutton from Craig-Hallum set a target price of $39.0 on 10/23/2025
- Kevin Dede from HC Wainwright & Co. set a target price of $40.0 on 10/10/2025
- Rob Brown from Lake Street set a target price of $37.0 on 10/10/2025
- Mike Grondahl from Northland Capital Markets set a target price of $40.0 on 10/10/2025
- Greg Miller from JMP Securities set a target price of $35.0 on 10/09/2025
- Darren Aftahi from Roth Capital set a target price of $43.0 on 10/01/2025
This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.
