AI Campus Milestone: Recent discussions on X about Applied Digital Corporation (APLD) have intensified following the completion of Phase II at its Polaris Forge 1 campus in North Dakota. This achievement, fully energizing a 100 MW building as part of a 400 MW AI factory campus, has sparked significant interest in the company’s role in AI infrastructure. Many see this as a key step toward meeting hyperscale lease demands.
Massive Lease Agreements: Another hot topic on X is the company’s recent long-term lease deals, including a $5 billion agreement for Polaris Forge 2 and a staggering $25 billion in contracts for AI data centers. Posts reflect excitement about the potential revenue growth from these deals, though some express concerns over high debt levels and bond yields. The scale of these contracts keeps the conversation lively and dynamic.
Debt and Market Challenges: Discussions also highlight worries about Applied Digital’s financial health, particularly after struggles to sell bonds at high yields around 10%. Some users on X point to a potential debt crisis in the data center sector, creating a cautious undertone amid the optimism. This mix of hope and concern fuels ongoing debates about the stock’s 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 20 times in the past 6 months. Of those trades, 0 have been purchases and 20 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 3 sales selling 28,000 shares for an estimated $502,140.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
Applied Digital Corporation Revenue
Applied Digital Corporation had revenues of $64.2M in Q1 2026. This is an increase of 84.27% from the same period in the prior year.
You can track APLD financials on Quiver Quantitative's APLD stock page.
Applied Digital Corporation Hedge Fund Activity
We have seen 244 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 8 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
- Lake Street issued a "Buy" rating on 10/10/2025
- HC Wainwright & Co. 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 10 analysts offer price targets for $APLD in the last 6 months, with a median target of $38.0.
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
- Mike Grondahl from Northland Capital Markets 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
- Kevin Dede from HC Wainwright & Co. 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.
