Applied Digital (APLD) CFO Lavanway Sells $8.7M of Stock

Mohmand Mohammad, the Chief Financial Officer of Applied Digital Corporation, sold 192,815 shares of the company on June 22, 2026. The sale was valued at approximately $8.72 million, with an average price of $45.20 per share. This transaction was not part of a pre-planned trading program.

Insider Buying and Selling at Applied Digital Corporation

On the same day, CEO Wes Cummins was active in the market, selling 314,800 shares at $45.20 each, while also buying 800,000 shares. Mohmand Mohammad also purchased 490,000 shares alongside his sale. Earlier in the year, Richard Nottenburg sold 12,500 shares at prices ranging from $32.00 to $34.59.

Other Institutional Activity in Applied Digital

Several institutional investors have been adjusting their positions in Applied Digital. Hood River Capital Management LLC increased its holdings by 1,038,181 shares, now holding about 23.1 million shares valued at $547.8 million, a 4.7% increase. BlackRock, Inc. added 55,899 shares, bringing its total to nearly 20.9 million shares worth approximately $496.1 million. Vanguard Portfolio Management LLC opened a new position with 14.8 million shares valued at $351.5 million. Meanwhile, Situational Awareness LP boosted its stake by 2,139,378 shares, a significant 18.9% increase, totaling 13.5 million shares valued at about $320 million.

Applied Digital Corporation Stock Up 106.5%

Shares of NasdaqGS:APLD traded near $41.98 on Thursday. The company boasts a market cap of approximately $12.92 billion. It has a forward P/E ratio of -46.84, indicating it is not currently profitable. The stock's beta is quite high at 5.644, suggesting significant volatility. Over the past year, the stock has seen a low of $9.02 and a high of $50.73, with a 50-day moving average of $39.56 and a 200-day moving average of $31.22.

Analysts Set New Price Targets

Analysts have been maintaining a positive outlook on Applied Digital. On June 17, 2026, Northland Capital Markets maintained a 'buy' rating with a price target of $82. Similarly, Craig-Hallum kept its 'buy' rating with a target of $79 on June 9. Lake Street and Needham also reaffirmed their 'buy' ratings with targets of $90 and $83, respectively. The consensus among analysts is a strong buy, with an average target price of $73.36.

About Applied Digital

Applied Digital Corporation, headquartered in Dallas, Texas, designs and operates digital infrastructure solutions for high-performance computing and artificial intelligence industries across North America. The company operates through its Data Center Hosting Business and HPC Hosting Business, providing services to crypto mining and other high-demand computing clients. CEO Wesley Cummins leads a team of 205 employees, focusing on delivering advanced GPU computing solutions and managing data centers for critical AI and machine learning tasks.

Bottom Line

The recent insider sale by CFO Mohmand Mohammad highlights ongoing activity within Applied Digital's executive team. Investors often track such transactions for insights into management's outlook on the company. While the stock shows volatility, analysts maintain a strong buy consensus, reflecting confidence in its future prospects. Remember, insider transactions are reported after the fact and do not necessarily predict future stock movements.