Applied Digital (NASDAQ:APLD) CEO Wes Cummins Sells 165,000 Shares of Stock

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

Applied Digital Stock Up 6.2%

Shares of APLD opened at $37.40 on Friday. The stock has a 50 day moving average price of $27.82 and a 200 day moving average price of $22.67. Applied Digital Corporation has a one year low of $3.31 and a one year high of $40.20. The company has a debt-to-equity ratio of 1.79, a quick ratio of 4.82 and a current ratio of 4.82. The stock has a market capitalization of $10.46 billion, a price-to-earnings ratio of -69.26 and a beta of 6.89.

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

Institutional Trading of Applied Digital

Several institutional investors and hedge funds have recently bought and sold shares of APLD. MRA Advisory Group raised its position in Applied Digital by 27.2% in the fourth quarter. MRA Advisory Group now owns 54,254 shares of the company’s stock worth $1,330,000 after acquiring an additional 11,618 shares in the last quarter. Balboa Wealth Partners purchased a new position in shares of Applied Digital in the 4th quarter valued at about $872,000. Genesis Financial Group LLC acquired a new stake in shares of Applied Digital in the fourth quarter valued at about $498,000. Victory Financial Group LLC boosted its holdings in Applied Digital by 54.9% during the fourth quarter. Victory Financial Group LLC now owns 22,101 shares of the company’s stock worth $542,000 after buying an additional 7,836 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in Applied Digital during the fourth quarter worth about $388,000. Hedge funds and other institutional investors own 65.67% of the company’s stock.

Applied Digital News Roundup

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Roth Capital increased their price target on Applied Digital to $58.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Applied Digital in a report on Wednesday, October 8th. Craig Hallum raised their price target on shares of Applied Digital to $39.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Wall Street Zen upgraded Applied Digital from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. Finally, Needham & Company LLC reissued a “buy” rating and set a $41.00 target price on shares of Applied Digital in a research note on Thursday, January 8th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $33.27.

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.