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APLD · Applied Digital Corp.
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APLD Applied Digital (APLD) Insider Trading, Ownership & Congress Trades

Software & IT · Services-computer processing & data preparation · CIK 0001144879
Quote by TradingView
C-suite buying · 2Form 144 · 2
House members buying, 1 year
0
STOCK Act, US House only, disclosed up to 45 days after the trade
Funds added, last quarter
337
13F, latest reported quarter
Conversions, 180 days
2
Codes C/M, not in net · no price filed

What the filings say about APLD

Insiders, 180 days
+$3.2M net bought
2 buyers · 1 seller · 0% of sales under a 10b5-1 plan
Planned sales (Form 144), 90 days
$3.7M
2 notices

Applied Digital insider trades (Form 4)

Form 4 buys and sells (codes P and S). Grants, option exercises and conversions excluded.

Over the last 180 days, Applied Digital Corp. insiders bought a net $3.2M of stock across 114 Form 4 purchases and sales, with 2 insiders buying. Source: SEC Form 4 filings, as of 2026-10-28.

Insider
Filed
Shares
Value
Since filing
Zhang Jason Gechen
President
BUY
2026-10-19 SECtraded 2026-10-16
300,000
$5.7M
+0.9%
Context
  • First Form 4 purchase or sale (code P or S) here by this insider on our record.
  • The trade is 10.6% of the 2,839,227 shares held after it.
  • 1 other insider bought within 30 days.
  • 337 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: President Zhang Jason Gechen bought about $5.7M of APLD on Oct 16, 2026, the largest insider purchase at the company on our record; 1 other insider bought within 30 days and 337 funds added in the latest 13F quarter.
Cummins Wes
CEO; Chairman
BUY
2026-10-19 SECtraded 2026-10-16
55,803
$1.0M
+0.9%
Context
  • 51 earlier Form 4 trades (code P or S) here by this insider (48 buys, 3 sales), the last on Jan 16, 2026.
  • +31.9% median (+43.5% mean) 90-day return after 30 previous buys.
  • The trade is 0.9% of the 5,874,453 shares held after it.
  • 1 other insider bought within 30 days.
  • 337 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: CEO; Chairman Cummins Wes bought about $1.0M of APLD on Oct 16, 2026, the largest insider purchase at the company on our record; 1 other insider bought within 30 days and 337 funds added in the latest 13F quarter.
Nottenburg Richard N
Director
SELL
2026-10-15 SECtraded 2026-10-13
31,250
$682.5K
+8.1%
Context
  • 17 earlier Form 4 trades (code P or S) here by this insider (17 sales), the last on Aug 4, 2026.
  • The trade is 30.6% of the 102,128 shares held after it.
  • No other insider sold within 30 days.
  • 337 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director Nottenburg Richard N sold about $682.5K of APLD on Oct 13, 2026; 337 funds added in the latest 13F quarter.
Nottenburg Richard N
Director
SELL
2026-08-06 SECtraded 2026-08-04
75,000
$2.3M
-33.2%
Context
  • 16 earlier Form 4 trades (code P or S) here by this insider (16 sales), the last on Apr 30, 2026.
  • The trade is 56.2% of the 133,378 shares held after it.
  • No other insider sold within 30 days.
  • 337 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director Nottenburg Richard N sold about $2.3M of APLD on Aug 4, 2026; 337 funds added in the latest 13F quarter.
Nottenburg Richard N
Director
SELL
2026-04-30 SEC
12,500
$432.4K
-41.8%
Context
  • 15 earlier Form 4 trades (code P or S) here by this insider (15 sales), the last on Apr 28, 2026.
  • The trade is 6.0% of the 208,378 shares held after it.
  • 1 other insider sold within 30 days.
  • 337 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director Nottenburg Richard N sold about $432.4K of APLD on Apr 30, 2026; 1 other insider sold within 30 days and 337 funds added in the latest 13F quarter.
114 transactions on record
Since filing: total return from the first close after the filing to the latest close, dividend-adjusted. Not a forecast.
Context lines are counts over the filings above and returns from our own price history, never a price level. Not investment advice.
See all insider buying · insider selling
Showing the latest few. to see 109 more transactions and use the screener and CSV export. We store only your email; there is no password.
Seven facts, ranked against the sector · Rank is not a forecast
Insiders
net +$3.2M over 180 days
+$3.6M over 90 days
more than 96% of Software & IT
Congress
no House purchase disclosed in the last 12 months
Funds
337 funds bought in last quarter
more than 87% of Software & IT
Revenue
+167.5% year over year
more than 92% of Software & IT
Margin
-30.2% net margin
below 73% of Software & IT
Buybacks
no share repurchases reported
Short interest
21.7% of the float short (float per yahoo 2026-10-26) · 3.4 days to cover · settled 2026-09-30
more than 96% of Software & IT
What changed in the last 30 days
Oct 19President Zhang Jason Gechen bought $5.7M (Oct 16)
Oct 19CEO; Chairman Cummins Wes bought $1.0M (Oct 16)
Oct 15Director Nottenburg Richard N sold $682.5K (Oct 13)
Oct 13Director RICHARD N NOTTENBURG filed to sell $1.4M by Oct 13 (Form 144)
Why it matters
A Form 144 is a notice of intent to sell; the sale may not happen, and it says nothing about the price.

Watch APLD

A free account keeps a watchlist and can send one email a day when insiders, funds or Congress file on the names in it. No password and no card.

The year, with the filings on it
Total return over 12 months. Each marker is a filing; hover or tap one for the detail.
-41.6%12M
-47%-15%+17%+49%2025-102025-122026-022026-042026-062026-082026-10 2026-01-16 · Cummins Wes sold $6.0M2026-10-16 · Zhang Jason Gechen bought $5.7M2025-10-24 · Mohmand Mohammad Saidal LaVanway sold $3.4M2026-08-04 · Nottenburg Richard N sold $2.3M2025-10-29 · HASTINGS CHUCK sold $1.8M2026-01-29 · HASTINGS CHUCK sold $1.8M2025-10-29 · Benson Ella G. sold $1.5M2025-10-28 · Mohmand Mohammad Saidal LaVanway sold $1.4M2025-10-24 · Nottenburg Richard N sold $1.1M2026-10-16 · Cummins Wes bought $1.0M2025-10-31 · HASTINGS CHUCK sold $856.8K2025-10-24 · Lee Rachel H. sold $803.9K2026-10-13 · Nottenburg Richard N sold $682.5K2026-04-30 · Nottenburg Richard N sold $432.4K2026-01-15 · Nottenburg Richard N sold $425.4K2026-01-14 · Nottenburg Richard N sold $409.5K2026-04-28 · Nottenburg Richard N sold $400.0K2026-01-12 · MILLER DOUGLAS S sold $385.4K2026-04-27 · MILLER DOUGLAS S sold $349.8K2025-10-31 · Nottenburg Richard N sold $336.7K2025-11-28 · MILLER DOUGLAS S sold $215.8K2025-11-24 · Benson Ella G. sold $199.3K2025-10-30 · Nottenburg Richard N sold $174.0K2026-10-13 · RICHARD N NOTTENBURG filed to sell $1.4M2026-08-04 · RICHARD N NOTTENBURG filed to sell $2.3M
Insider buyInsider sellForm 144 (planned sale)
Indexed to 100, dividend-adjusted, not a price chart. When a name files heavily, the largest trades are drawn first.

Who owns APLD: institutional holders (13F)

13F holdings, latest reported quarter
Hood River Capital Management LLC
22,518,887 sh
$840.0M
VANGUARD PORTFOLIO MANAGEMENT LLC
13,728,812 sh
$512.1M
BlackRock, Inc.
13,375,070 sh
$498.9M
Situational Awareness LP
15,384,616 sh
$469.0M
VANGUARD CAPITAL MANAGEMENT LLC
11,555,819 sh
$431.0M

Congress trades in APLD

No Congress trades reported
No House member has disclosed a trade in this stock. See what Congress is buying.

Activist and 5% holders (13D/13G)

No 5%+ ownership filings
Nobody has filed for crossing 5%. That is a fact, not missing data.

APLD planned insider sales (Form 144)

Notice of intent to sell, filed before any sale
RICHARD N NOTTENBURG
Filed 2026-10-13
$1.4M
RICHARD N NOTTENBURG
Filed 2026-08-04
$2.3M

APLD mutual fund holders (N-PORT)

Funds ranked by the share of their own portfolio in this stock (N-PORT).
Grayscale Bitcoin Miners ETF
$2.0M position · as of 2026-06-30
12.3%
Hood River Small-Cap Growth Fund
$407.0M position · as of 2026-06-30
6.1%
VanEck Digital Transformation ETF
$18.4M position · as of 2026-06-30
5.3%
iShares Blockchain and Tech ETF
$4.5M position · as of 2026-06-30
5.1%
Hood River New Opportunities Fund
$59.8M position · as of 2026-06-30
4.7%
Hood River International Opportunity Fund
$29.0M position · as of 2026-06-30
4.7%
SEC N-PORT, monthly, about 60 days late · funds ≥ $10M · % is the share of the fund's own portfolio
Executive pay vs shareholder return · Wes Cummins
CEO pay, headline and as actually paid, against the company's return and its chosen peers' (DEF 14A).
FY
CEO total
Actually paid
Other execs, avg
TSR
Peer TSR
2025
$189.2M
$458.8M
$47.7M
+879%
+361%
2024
$27.7M
$29.6M
$9.9M
+41%
+28%
2023
$1.2M
-$2.9M
$1.4M
-12%
+26%
2022
$6.0M
$19.5M
$1.9M
+73%
-18%
Tagged by the company under SEC Item 402(v). Returns are cumulative from the start of the disclosure period. Green where the company beat its own peer group.
Live price
Daily candles from TradingView, under their licence. No filings marked.
Why this name is on the desk
Insiders are net buyers of their own stock.
The record shows a net $3.2M bought by insiders over 180 days, 337 funds added last quarter, $3.7M in planned Form 144 sales. Each figure is a federal filing, dated the day it went public.
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Sector by SEC SIC code
TEAMMETACRWVCRMCRWDNETDDOGAPPIOTPCTYDUOLMDB

APLD financials

Revenue growth
+167.5%
XBRL, annual
Net margin
-30.2%
Ratios from the company's XBRL filings, latest filings
Revenue, TTM
n/a
the filed year and its quarters do not reconcile, so the trailing figure is withheld
Net margin, TTM
n/a
the filed year and its quarters do not reconcile, so the trailing figure is withheld
Free cash flow, TTM
-$4.5B
operating cash flow minus capex, 2025-09-01 to 2026-08-31
Debt to equity
0.00x
long-term debt only, 2022-05-31 (51 months older than the period end); equity 2026-08-31
Cash flow to debt
32.70x
TTM operating cash flow over long-term debt only, 2022-05-31 (51 months older than the period end)
Return on equity
-31.5%
TTM net income over average of 2025-08-31 and 2026-08-31
Return on assets
-5.9%
TTM net income over average of 2025-08-31 and 2026-08-31
Return on invested capital
n/a
the filed year and its quarters do not reconcile, so the trailing figure is withheld
Return on capital employed
n/a
the filed year and its quarters do not reconcile, so the trailing figure is withheld
P/E, trailing
n/a
trailing loss, a multiple of a loss is not meaningful
Enterprise value
$3.0B
market value at close 2026-10-27 on 2026-10-06 shares, plus long-term debt only, 2022-05-31 (51 months older than the period end), minus cash 2026-08-31
FCF yield
-75.5%
TTM free cash flow over market value at close 2026-10-27
PEG, trailing
n/a
trailing loss, a multiple of a loss is not meaningful
Price as of 2026-10-27. Hover or tap a tile for its yearly and quarterly history.
Method
TTM is four consecutive fiscal quarters; Q4 is the year minus nine months when not filed. Returns use the average of opening and closing balances. EBIT is approximated by operating income. PEG uses trailing EPS growth.
Fundamentals
Annual figures from XBRL filings. Pick a past date to see them as known then.
2026-052025-052024-052023-05
Revenue$611.3M$228.6M$165.6M$55.4M
Gross profitn/an/an/a$11.0M
Operating income-$236.5M-$72.2M-$98.3M-$42.9M
Net income-$250.3M-$233.7M-$149.3M-$44.6M
EPS (diluted)-0.91-1.16-1.31-0.47
Operating cash flow$89.7M-$115.4M$13.8M$58.7M
Cash$1.6B$44.0M$3.3M$29.0M
Buybacks$0$31.3M$0$0
SEC XBRL, fiscal years, as known on 2026-10-28

APLD Stock Sonar score 6/7 axes

Find similar shapesCompare

APLD ranks highest on growth (95th percentile) and insider conviction (91st), and lowest on risk and compliance (24th), among Software & IT peers.

ProfitHealthGrowthInsidersInstitutionsRisk
Profitability
35
Inputs
  • Return on equity-31.5% · 25 pct, sector of 286
  • Return on assets-5.9% · 46 pct, sector of 381
  • Return on invested capitalthe filed year and its quarters do not reconcile, so the trailing figure is withheld
  • Return on capital employedthe filed year and its quarters do not reconcile, so the trailing figure is withheld
Financial health
90
Inputs
  • Debt to equity0.00x · 83 pct, sector of 288
  • Cash flow to debt32.70x · 98 pct, sector of 241
Growth
95
Inputs
  • Revenue growth, YoY+167.5% · 92 pct, sector of 480
  • Backlog growth, YoY+1149% · 99 pct, sector of 182
Insider conviction
91
Inputs
  • Net Form 4 buying (codes P and S), 180d$3.2M · 96 pct, sector of 285
  • Insider buyers, 180d2 · 87 pct, sector of 290
Institutional and government
56
Inputs
  • Funds adding, latest quarter337 · 87 pct, sector of 415
  • Congress net buyers, 365dno Congress trades in 365 days
  • Federal contracts, 180dno federal contracts in 180 days
  • Lobbying spend, 4 quarters$200K · 25 pct, sector of 85
Risk and compliance
24
Inputs
  • Short interest, % of float+21.7% · 5 pct, sector of 530
  • Recalls per $1B revenue, 3ynot measured for this sector, almost no peer has an event
  • EPA cases per $1B revenue, 5ynot measured for this sector, almost no peer has an event
  • New text in Risk Factors, latest 10-K+12.7% · 42 pct, sector of 316
1 not measured: US patents
  • US patents needs 1 of 2 inputs, 0 present: patent data not loaded yet

6 of 7 axes scored. Each is a percentile against sector peers (all companies when the sector is thin); higher is better. An unscored axis is unmeasured, not low. How it is scored

APLD filings, in plain words

Are Applied Digital insiders buying or selling APLD?

In the 180 days to 2026-10-28, Applied Digital insiders were net buyers, a net $3.2M: $6.7M of purchases and $3.5M of sales reported on Form 4, by 2 buyers and 1 seller.

Are there planned insider sales of APLD?

Yes. 2 Form 144 notices of planned insider sales were filed in the 90 days to 2026-10-28, covering $3.7M of stock; the latest, by RICHARD N NOTTENBURG, was filed 2026-10-13.

Read the full summary

In the 180 days to 2026-10-28, Applied Digital insiders were net buyers of APLD, a net $3.2M across purchases and sales reported on Form 4 by 2 buyers and 1 seller. 2 different insiders reported purchases within the last 90 days, a cluster buy, which is rarer than a single purchase. Insiders filed 2 Form 144 notices of intent to sell in the 90 days to 2026-10-28, covering $3.7M of stock. Each figure is counted from SEC and House filings as of 2026-10-28, dated the day the filing was made public.

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