Applied Digital CFO Acquires 490,000 Shares

Mohmand Mohammad Saidal Lavanway, the Chief Financial Officer of Applied Digital Corporation, made a significant move by purchasing 490,000 shares of the company on June 22, 2026. This transaction was not part of a prearranged trading plan and highlights activity from the company's executive team.

Insider Buying and Selling at Applied Digital Corporation

On the same day, CEO and Chairman Wes Cummins also engaged in stock transactions, selling 314,800 shares at $45.20 and buying 800,000 shares. These transactions suggest active involvement by the company's top executives in its stock. Additionally, Richard Nottenburg, another insider, sold 12,500 shares on April 28 and April 30, 2026, at prices of $32.00 and $34.59, respectively.

Other Institutional Activity in Applied Digital

Institutional investors have also been active with Applied Digital. Hood River Capital Management LLC increased its holdings by 1,038,181 shares, bringing its total to 23,075,612 shares valued at approximately $547.8 million, a 4.7% increase. BlackRock, Inc. added 55,899 shares to its portfolio, ending with 20,896,101 shares worth about $496.1 million. Vanguard Portfolio Management LLC opened a new position with 14,807,795 shares valued at $351.5 million. Situational Awareness LP increased its stake by 2,139,378 shares, a significant 18.9% rise, ending with 13,478,438 shares valued at $319.9 million.

Applied Digital Corporation Stock Up 65.7%

Shares of NasdaqGS:APLD traded near $41.98 on Thursday. The company has a market cap of $12.92 billion and a forward P/E ratio that is not meaningful due to negative earnings. With a beta of 5.644, the stock has experienced notable volatility. The 52-week range shows a low of $9.02 and a high of $50.73. Applied Digital's 50-day moving average is $39.56, while its 200-day moving average is $31.22. The company maintains a current ratio of 2.382 and a quick ratio of 1.722, with a debt-to-equity ratio of 110.128.

Recent Earnings

Applied Digital reported revenue of $319.3 million, with a substantial growth rate of 139.3%. However, the company is not yet profitable, as indicated by a negative net margin of -59.47% and a return on equity of -5.56%. The next earnings release is scheduled for July 29, 2026.

Analysts Set New Price Targets

Analysts have maintained a strong buy consensus for Applied Digital. On June 17, 2026, Northland Capital Markets maintained their buy rating with an $82 price target. Craig-Hallum, Lake Street, and Needham all reaffirmed their buy ratings on June 9, 2026, with price targets of $79, $90, and $83, respectively. Overall, the consensus target price is $73.36 from 11 analyst opinions.

About Applied Digital Corporation

Applied Digital Corporation, headquartered in Dallas, Texas, is a technology company that provides digital infrastructure solutions for high-performance computing and artificial intelligence industries across North America. It operates through its Data Center Hosting Business and HPC Hosting Business, offering infrastructure services to crypto mining clients and GPU computing solutions for AI and machine learning tasks. The company, formerly known as Applied Blockchain, Inc., rebranded in November 2022 and employs around 205 people.

Bottom Line

The recent insider buying activity by Applied Digital's CFO is a noteworthy event for investors monitoring executive actions. While the company's financials show growth in revenue, it remains unprofitable, impacting its valuation metrics. Institutional interest and strong buy ratings from analysts suggest confidence in the company's future prospects.