Applied Digital 주가는 텍사스 AI 데이터센터 신규 계약, 낙관적인 애널리스트 의견, 내부자 매수 소식이 겹치면서 상승했다.

Applied Digital Corporation (APLD) is up 9.5% today. Here is some analysis of what may have caused this price movement.

**Analysis:** The move appears tied to a fresh strategic partnership in Texas, a new bullish analyst reinstatement, and recently disclosed insider buying. Together, these developments likely reinforced the market's view that Applied Digital is still expanding its AI infrastructure footprint despite recent volatility.

**Details:** Soluna announced a definitive agreement to form a jointly owned company with Applied Digital to develop a planned 50 MW AI and HPC data center at a wind-powered site in Texas, with an additional 50 MW request already under study.

Market sentiment also got a boost from a new Buy rating and $35 price target from Roth/MKM, which framed the stock's valuation as offering meaningful upside if execution continues.

SEC Form 4 filings dated October 19 show that CEO Wes Cummins bought 55,803 shares on October 16 at $18.04, while President Jason Zhang bought 300,000 shares at a weighted average price of $18.86 on the same day.

The backdrop was already constructive. Applied Digital reported fiscal first-quarter 2027 revenue of $341.9 million, up 322% year over year, and highlighted recent capacity expansion and new power and campus development milestones.

**Sources:** Soluna, SEC, Applied Digital, Google Finance

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

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**$APLD Insider Trading Activity**

$APLD insiders have traded the stock on the open market 7 times in the past 6 months. Of those trades, 2 were purchases and 5 were sales.

Breakdown of insider trading over the last 6 months:

- Jason Gechen Zhang (President) purchased 300,000 shares for an estimated $5,658,000.

- Richard N. Nottenburg made 0 purchases and 4 sales, selling 131,250 shares for an estimated $3,851,125.

- Wes Cummins (CEO; Chairman) purchased 55,803 shares for an estimated $1,006,686.

- Douglas S. Miller sold 10,000 shares for an estimated $349,799.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. Data on insider stock transactions is also available through the Quiver Quantitative API insider transaction endpoint.

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**$APLD Hedge Fund Activity**

In their most recent quarter, 324 institutional investors added $APLD shares to their portfolios, and 215 decreased their positions.

Some of the largest recent moves:

- Two Sigma Investments, LP added 8,706,515 shares (+546.7%) in Q2 2026, for an estimated $324,753,009.

- Equitec Proprietary Markets, LLC added 8,373,964 shares (+inf%) in Q2 2026, for an estimated $312,348,857.

- BlackRock, Inc. removed 7,521,031 shares (-36.0%) in Q2 2026, for an estimated $280,534,456.

- DBA Trading, LLC added 5,576,235 shares (+inf%) in Q2 2026, for an estimated $207,993,565.

- D. E. Shaw & Co., Inc. removed 5,172,729 shares (-63.0%) in Q2 2026, for an estimated $192,942,791.

- Oasis Management Co Ltd. added 3,974,500 shares (+384.8%) in Q2 2026, for an estimated $148,248,850.

- Norges Bank added 2,783,977 shares (+913.7%) in Q2 2026, for an estimated $103,842,342.

To track hedge fund stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. Data on hedge fund moves and 13F filings is also available through the Quiver Quantitative API 13F endpoint.

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**$APLD Price Targets**

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

Recent targets:

- Mike Grondahl, Northland Capital Markets: $82.0 on 06/17/2026

- John Todaro, Needham: $83.0 on 06/09/2026

- Rob Brown, Lake Street: $90.0 on 06/09/2026

- George Sutton, Craig-Hallum: $79.0 on 06/09/2026

- Nick Giles, B. Riley Securities: $66.0 on 05/27/2026

- Gregory Miller, Citizens: $60.0 on 05/21/2026

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