APLD

Applied Digital Corporation
NasdaqGSUSDEQUITY Technology DELAYED
Last price
25.45
▲ 0.75 (3.04%)
MARKET · —

Price

1D — H — L — Range — Vol —
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
24.82
Prev close
24.70
Day high
25.89
Day low
24.82
Volume
22.64M
Market cap
$7.58B
P/E (TTM)
—
52W range
19.01 – 50.73

Day trading desk

Current session · delayed
Gap from prior close
+0.49%
Prior close 24.70
VWAP
25.33
+0.47% from price
Relative volume
2.29×
Unusually busy
Session range
4.40%
24.80 – 25.89
Position in range
60%
Mid range
ATR (14D)
1.60
6.28% of price
Prior day high
25.63
PDH
Prior day low
24.22
PDL
Bid / ask spread
—
Quote not published
Session volume
40.33M
Avg 17.61M

VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.

Trailing performance

Price return · vs SPY
Returnvs SPY
1W
-0.28% -2.2%
1M
-3.91% -5.1%
3M
-19.40% -23.9%
6M
+0.64% -17.5%
YTD
+3.34% -10.9%
1Y
-4.49% -20.9%
3Y
+306.09% +223.8%
5Y
— —

Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.

Unusual options activity

Account required
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
Free account required

Contracts trading at or above their open interest, ranked by notional and where the print landed.

Free account

5 more panels on APLD open with an account.

Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.

Insider net activity

6m · Form 4 rollup
Net shares
+5.19M
Net buying
Buy transactions
10
5.30M shares
Sell transactions
3
110.00K shares
Net transactions
+13
Buys less sells
Sell : buy shares
0.0 : 1
Mixed
Insider-held shares
22.32M
Total on file
Bought 5.30MSold 110.00K

Insider transactions

Account required
DateInsiderAction SharesValueHeld
Aug 4, 26
NOTTENBURG RICHARD N
Director
SELL 75.00K $2.34M Direct
Jul 31, 26
ZHANG JASON GECHEN
President
STOCK 600.00K $0 Direct
Jul 31, 26
MOHMAND MOHAMMAD SAIDAL LAVANWAY
Chief Financial Officer
STOCK 245.00K $0 Direct
Jul 31, 26
LALTRELLO LAURA
Chief Operating Officer
STOCK 600.00K $0 Direct
Jul 31, 26
CUMMINS WESLEY
Chief Executive Officer
STOCK 1.60M $0 Direct
Jul 1, 26
ZHANG JASON GECHEN
President
STOCK 675.00K $0 Direct
Jun 22, 26
MOHMAND MOHAMMAD SAIDAL LAVANWAY
Chief Financial Officer
STOCK 490.00K $0 Direct
Jun 22, 26
CUMMINS WESLEY
Chief Executive Officer
STOCK 800.00K $0 Direct
Apr 30, 26
NOTTENBURG RICHARD N
Director
SELL 25.00K $832.38K Direct
Apr 27, 26
MILLER DOUGLAS S
Director
SELL 10.00K $349.80K Direct
Apr 10, 26
CUMMINS WESLEY
Chief Executive Officer
— 100.00K — Direct
Apr 2, 26
MOHMAND MOHAMMAD SAIDAL LAVANWAY
Chief Financial Officer
— 94.17K — Direct
Apr 2, 26
CUMMINS WESLEY
Chief Executive Officer
— 100.00K — Direct
Feb 6, 26
ZHANG JASON GECHEN
President
STOCK 500.00K $0 Direct
What this is, and what it is not

These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.

A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.

This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.

Free account required

Officer and director trades in their own stock, straight from Form 4 filings.

Insider holders

10 reporting
NameRelationShares heldLatest
BENSON ELLA G
Director 68.42K Sale
CUMMINS WESLEY
Chief Executive Officer 23.36M Stock Award(Grant)
HASTINGS CHUCK
Director 388.37K Sale
LALTRELLO LAURA
Chief Operating Officer 813.16K Stock Award(Grant)
MANISCALCO MICHAEL
Former 152.03K Conversion of Exercise of derivative security
MILLER DOUGLAS S
Director 184.86K Sale
MOHMAND MOHAMMAD SAIDAL LAVANWAY
Chief Financial Officer 888.43K Stock Award(Grant)
NOTTENBURG RICHARD N
Director 133.38K Sale
RENCH DAVID M
Officer 385.29K Conversion of Exercise of derivative security
ZHANG JASON GECHEN
President 2.59M Stock Award(Grant)

Fundamentals

TTM · reported
Market cap$7.58B
Enterprise value$12.92B
Revenue (TTM)$611.31M
Gross profit$158.20M
EBITDA$-107.03M
Net income$-249.24M
EPS (TTM)$-0.91
Free cash flow$-4.96B
Total cash$1.59B
Total debt$5.10B
Book value / share$5.97
Shares outstanding299.17M
Float250.68M
Short % of float20.92%
Dividend yield0.00%
Beta (5Y)6.00

Valuation & profitability ratios

Account required
Trailing P/E—
Forward P/E-52.41
PEG ratio1.83
Price / sales—
Price / book4.25
EV / revenue21.14
EV / EBITDA-120.72
Gross margin25.88%
Operating margin-48.22%
Profit margin-39.91%
Return on equity-8.38%
Return on assets-1.85%
Debt / equity136.23
Current ratio4.01
Free account required

Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.

Financial statements

As reported · 5 years · 6 quarters
Blank means not reported, not zero
Line item20262025202420232022YoY
Total revenue $611.31M$228.57M$165.57M$55.39M— +167.5%
Operating revenue $611.31M$228.57M$165.57M$55.39M— +167.5%
Cost of revenue $453.63M$216.76M$148.34M$44.39M— +109.3%
Gross profit $157.68M$11.81M$17.23M$11.00M— +1,235.2%
Selling, general & admin $332.10M$107.88M$97.78M$53.91M— +207.8%
Total operating expense $332.10M$107.88M$97.78M$53.91M— +207.8%
Operating income -$174.41M-$96.07M-$80.54M-$42.91M— -81.6%
Net interest income -$29.52M-$32.14M-$27.52M-$2.01M— +8.2%
Pre-tax income -$181.53M-$230.96M-$149.57M-$45.01M— +21.4%
Tax provision $1.79M$102.00K$96.00K-$523.00K— +1,652.0%
Net income -$244.00M-$231.06M-$149.27M-$44.65M— -5.6%
Net income to common -$250.26M-$233.68M-$149.27M-$44.65M— -7.1%
Basic EPS -0.91—-1.31-0.49-0.41 —
Diluted EPS -0.91—-1.31-0.49-0.41 —
EBIT -$152.02M-$198.82M-$122.06M-$43.01M— +23.5%
EBITDA -$84.63M-$100.88M-$42.70M-$35.39M— +16.1%
Basic shares 275.19M—114.06M93.98M57.12M —
Diluted shares 275.19M—114.06M93.98M57.12M —

Options analytics

Account required
Put / call volume
0.33
Call-heavy session
Put / call open interest
0.83
Positioning, not flow
Max pain
25.00
-1.3% from spot
ATM implied vol
158.8%
Nearest strike to spot
Skew (10% OTM)
-5.9%
Calls bid over puts
Call volume
33.50K
Contracts, this expiry
Put volume
11.08K
Contracts, this expiry
Heaviest call OI
30.00
5.00K contracts
Heaviest put OI
25.00
5.49K contracts

Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.

Free account required

Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.

Earnings

History & consensus estimates
Reported vs expected · EPS
QuarterEst.ActualSurprise
May 2026 -0.190.04 +121.1%
Feb 2026 -0.210.09 +142.9%
Nov 2025 -0.210.00 +100.0%
Aug 2025 -0.16-0.03 +80.7%
Forward consensus
PeriodEPSAnalystsRevenueGrowth
Current quarter -0.30 4 $124.57M +94.0%
Next quarter -0.35 4 $170.90M +35.0%
Current year -1.09 5 $830.03M +35.8%
Next year -0.48 5 $1.92B +131.1%

Analyst targets & ownership

Account required
Mean target$65.37
High target$93.00
Low target$22.00
Implied upside156.84%
Analyst count15
ConsensusSTRONG BUY
Strong buy / Buy2 / 11
Hold2
Sell / Strong sell0 / 0
Held by insiders7.66%
Held by institutions74.34%
Institutions holding695
Free account required

Price targets, consensus spread, insider and institutional ownership.

Moving averages & technicals

Computed from 2Y daily closes
SMA 10
25.44
+0.03% from price
SMA 20
25.87
-2.05% from price
SMA 50
27.15
-6.66% from price
SMA 100
32.87
-22.58% from price
SMA 200
32.13
-21.14% from price
EMA 12
25.48
-0.12% from price
EMA 26
26.15
-2.67% from price
EMA 50
27.60
-7.78% from price
RSI (14)
46.6
Neutral
MACD (12,26,9)
-0.67
Hist -0.04
ATR (14)
1.60
6.31% of price
Realised vol 30D
74.2%
Annualised
Bollinger upper
28.77
20, 2σ
Bollinger lower
22.97
20, 2σ
50 / 200 cross
Death
27.15 vs 32.13
Trend bias
Below 200
-21.14%

Options chain

Account required
Expiry
Spot 25.45
Calls
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Puts
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Free account required

Every listed expiry, both sides of the book, with volume, open interest and implied volatility.

Risk profile

Daily returns · 1Y window
Beta vs SPY
3.80
More volatile than market
Correlation to SPY
0.48
Loosely linked
Realised vol 30D
74.2%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-53.2%
Peak to trough
Max drawdown 5Y
-81.9%
Peak to trough
ATR 14
1.60
6.31% of price
Beta (reported)
6.00
5Y monthly, from filing

Short interest

Semi-monthly exchange report · lags by ~2 weeks
Shares short
57.86M
Prior 55.73M
Change vs prior
+3.8%
Shorts adding
% of float
20.92%
Heavily shorted
% of shares out
19.35%
Against total outstanding
Days to cover
3.9
Liquid
Float
250.68M
Freely tradeable shares

Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.

Rating changes

101 on file
DateFirm ActionFromTo
Sep 23, 26 UBS INITIATED — Buy
Sep 21, 26 Rothschild & Co INITIATED — Neutral
Sep 17, 26 Wells Fargo INITIATED — Overweight
Aug 6, 26 Morgan Stanley MAINTAINED Equal-Weight Equal-Weight
Aug 3, 26 B. Riley Securities MAINTAINED Buy Buy
Jul 28, 26 Needham MAINTAINED Buy Buy
Jul 23, 26 Morgan Stanley INITIATED — Equal-Weight
Jun 17, 26 Northland Capital Markets MAINTAINED Outperform Outperform
Jun 9, 26 Craig-Hallum MAINTAINED Buy Buy
Jun 9, 26 Lake Street MAINTAINED Buy Buy
Jun 9, 26 Needham MAINTAINED Buy Buy
May 27, 26 B. Riley Securities MAINTAINED Buy Buy

Dividends & splits

Declared · from the issuer
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio—
Ex-dividend date—
Next pay date—
Last split1:6
Split dateApr 13, 2022

PRIVATE STRATEGY · BY QUALIFICATION

The same data. A different seat.

The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.