APLD Applied Digital Corporation

bullish track record → $32.11 -1.56 (-4.6%)
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Mkt Cap $10B 52wk $4.20 - $42.27 3h ago
Insider selling: $34,616,094 sold by 12 insiders (30d)
Factor divergence: DIVERGENCE: estimate_revisions bullish vs analyst_revisions bearish
Est. revisions: +16.3%
Backed by structured data (insider trades, analyst ratings, or filings)
Factor Model (net +0.3)

Factor Model

net +0.3
Est. Revisions
+0.8
Insider Activity
+0.0
Momentum
+0.0
Analyst Rev.
-1.0
Narrative Gap
+0.0

APLD Secures $7.5B Lease, Revenue Jumps 139%

Watch: Watch the operational rollout of the Delta Forge 1 campus, as successful build-out will prove viability of the $7.5B lease and unlock significant value.

APLD reported Q3 FY2026 revenue of $126.6M, up 139% YoY, driven by its HPC Hosting Business generating $71M. The company locked a $7.5B lease with a U.S. hyperscaler for 300 MW at Delta Forge 1 over 15 years, pushing total contracted lease revenue past $23B. However, short interest rose to 30.4% of float, signaling bearish pressure amid ongoing insider selling.

The massive lease deal secures long-term revenue visibility and validates demand, but high short interest and negative margins flag execution risks and stock volatility.

Evidence

Fundamentals & Data ▾
Applied Digital Corporation Technology · Information Technology Services
Mkt Cap
$10B
Beta
7.27
52w Range
$4.20 - $42.27
Short Interest
80.1M 30.41%
Days to Cover
3.8 +2%
Technicals downtrend
from 52w Hi
-11.7%
1w return
+2.5%
Insiders
selling 0B / 13S
Analysts
mixed
EPS Estimate
$-0.11 +16.3% 30d 0up / 1dn
Est. Dispersion
113% 5 analysts
Analyst Target
$54 $40 - $97
Options P/C
0.46
Insider Cluster
strong sell 0B / 7S
Fund Convergence
moderate Citadel, D.E. Shaw
Financials
Revenue
$127M +139% YoY
FCF
$-720M
Gross Margin
42%
Op Margin
-20%
Momentum: decelerating
Top Holders
Citadel $268M
D.E. Shaw $15M
Recent Filings & Data
insider trade 67
net selling · $34,616,094 sold
12 insiders · 67 transactions (30d)
Recent transactions
CUMMINS WESLEY · sell · $1,840,000
MOHMAND MOHAMMAD SAIDAL LAVANWAY · other
CUMMINS WESLEY · other
ZHANG JASON GECHEN · award
MOHMAND MOHAMMAD SAIDAL LAVANWAY · award
HASTINGS CHUCK · sell · $1,773,719
MILLER DOUGLAS S · other
CUMMINS WESLEY · sell · $6,009,300
NOTTENBURG RICHARD N · sell · $834,860
MILLER DOUGLAS S · sell · $385,400
CUMMINS WESLEY · award
MILLER DOUGLAS S · sell · $215,840
ZHANG JASON GECHEN · award
BENSON ELLA G · sell · $199,251
BENSON ELLA G · award
HASTINGS CHUCK · award
MILLER DOUGLAS S · award
NOTTENBURG RICHARD N · award
LEE RACHEL H · award
HASTINGS CHUCK · sell · $2,641,250
NOTTENBURG RICHARD N · sell · $510,656
BENSON ELLA G · sell · $1,502,686
MOHMAND MOHAMMAD SAIDAL LAVANWAY · sell · $4,775,734
NOTTENBURG RICHARD N · sell · $1,142,281
LEE RACHEL H · sell · $803,872
MOHMAND MOHAMMAD SAIDAL LAVANWAY · sell · $1,144,500
NOTTENBURG RICHARD N · sell · $305,200
CUMMINS WESLEY · sell · $6,104,000
HASTINGS CHUCK · sell · $441,900
NOTTENBURG RICHARD N · sell · $159,975
ZHANG JASON GECHEN · award
MILLER DOUGLAS S · sell · $150,000
MOHMAND MOHAMMAD SAIDAL LAVANWAY · other
CUMMINS WESLEY · other
HASTINGS CHUCK · sell · $1,333,000
MILLER DOUGLAS S · sell · $136,300
NOTTENBURG RICHARD N · sell · $171,075
LEE RACHEL H · sell · $169,484
BENSON ELLA G · sell · $118,573
MOHMAND MOHAMMAD SAIDAL LAVANWAY · other
MOHMAND MOHAMMAD SAIDAL LAVANWAY · other
CUMMINS WESLEY · other
MANISCALCO MICHAEL · other
MILLER DOUGLAS S · other
NOTTENBURG RICHARD N · sell · $177,000
LALTRELLO LAURA · award
BENSON ELLA G · award
HASTINGS CHUCK · award
MILLER DOUGLAS S · award
NOTTENBURG RICHARD N · award
LEE RACHEL H · award
RENCH DAVID M · other
NOTTENBURG RICHARD N · sell · $460,000
REED KATE · award
NOTTENBURG RICHARD N · award
BENSON ELLA G · award
NOTTENBURG RICHARD N · sell · $145,368
MILLER DOUGLAS S · sell · $80,130
NOTTENBURG RICHARD N · sell · $240,300
NOTTENBURG RICHARD N · sell · $589,440
CUMMINS WESLEY · award
RENCH DAVID M · other
MANISCALCO MICHAEL · other
MILLER DOUGLAS S · sell · $55,000
RENCH DAVID M · other
MANISCALCO MICHAEL · other
MANISCALCO MICHAEL · other
15 signals · latest 3h ago

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