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Applied Digital rises as AI infrastructure stocks rebound

Investivoq PriceTracker

Applied Digital (APLD) is up 8.5% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears to be driven mainly by a broader rebound in AI infrastructure and “neocloud” stocks rather than fresh company-specific news. Applied Digital also has direct exposure to that theme through its data-center buildout and its customer relationships, which likely amplified the positive sentiment.

Details:

  • Applied Digital’s investor relations site shows no new press release after October 7, while the company’s November filings were routine annual-meeting results and director equity awards, suggesting the rally was not tied to a major new corporate announcement.
  • The company’s latest quarterly release showed fiscal first-quarter 2027 revenue of $341.9 million, up 322% from a year earlier, alongside adjusted EBITDA of $64.4 million, reinforcing the underlying growth story around its AI-focused infrastructure platform.
  • Applied Digital disclosed that Polaris Forge 1 is leased to CoreWeave, so improving investor confidence around that customer and the broader AI cloud trade could have lifted Applied Digital by association.
  • Sector sentiment improved after a strong session for AI-linked shares, with market coverage highlighting a recovery across data-center and cloud infrastructure names, which fits the timing of APLD’s gain.

    • Sources:

    Applied Digital Investor Relations, SEC, AP News

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $APLD Insider Trading Activity

    APLD Insider Trades

    $APLD insiders have traded $APLD stock on the open market 4 times in the past 6 months. Of those trades, 2 have been purchases and 2 have been sales.

    Here’s a breakdown of recent trading of $APLD stock by insiders over the last 6 months:

    • JASON GECHEN ZHANG (President) purchased 300,000 shares for an estimated $5,658,000
    • RICHARD N NOTTENBURG has made 0 purchases and 2 sales selling 106,250 shares for an estimated $3,018,750.
    • WES CUMMINS (CEO; Chairman) purchased 55,803 shares for an estimated $1,006,686

    To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

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    $APLD Hedge Fund Activity

    We have seen 312 institutional investors add shares of $APLD stock to their portfolio, and 254 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • TWO SIGMA INVESTMENTS, LP added 8,706,515 shares (+546.7%) to their portfolio in Q2 2026, for an estimated $324,753,009
    • BLACKROCK, INC. removed 7,521,031 shares (-36.0%) from their portfolio in Q2 2026, for an estimated $280,534,456
    • DBA TRADING, LLC removed 5,561,235 shares (-99.7%) from their portfolio in Q3 2026, for an estimated $135,527,296
    • D. E. SHAW & CO., INC. removed 5,172,729 shares (-63.0%) from their portfolio in Q2 2026, for an estimated $192,942,791
    • OASIS MANAGEMENT CO LTD. added 3,974,500 shares (+384.8%) to their portfolio in Q2 2026, for an estimated $148,248,850
    • NORGES BANK added 2,783,977 shares (+913.7%) to their portfolio in Q2 2026, for an estimated $103,842,342
    • UBS GROUP AG added 2,658,102 shares (+92.2%) to their portfolio in Q3 2026, for an estimated $64,777,945

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    $APLD Price Targets

    Multiple analysts have issued price targets for $APLD recently. We have seen 6 analysts offer price targets for $APLD in the last 6 months, with a median target of $80.5.

    Here are some recent targets:

    • Mike Grondahl from Northland Capital Markets set a target price of $82.0 on 06/17/2026
    • John Todaro from Needham set a target price of $83.0 on 06/09/2026
    • Rob Brown from Lake Street set a target price of $90.0 on 06/09/2026
    • George Sutton from Craig-Hallum set a target price of $79.0 on 06/09/2026
    • Nick Giles from B. Riley Securities set a target price of $66.0 on 05/27/2026
    • Gregory Miller from Citizens set a target price of $60.0 on 05/21/2026

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.