Applied Digital Has $36 Billion in Contracted Revenue; Stock Valuation Under Question

Revelation News Editorial DeskAugust 8, 2026

Source Summary

Applied Digital has secured $36 billion in contracted AI infrastructure revenue and controls a multi-gigawatt power pipeline. As the company's data centers come online, it may enter a significant growth phase, though its financing requirements and demanding construction schedule present challenges.

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NASDAQ:APLDLive chart

Trading trends

The chart totals every SEC-reported transaction by month and share count, separating informative purchases and sales from non-informative awards, vesting, exercises, tax withholding and transfers. Records without a reported price remain included. Only informative purchases and sales affect the conservative sentiment signal.

Recent SEC-reported share and derivative transactions in Applied Digital Corp..

Insider activity sentiment

Leaning bullish

BearishNeutralBullish

2 discretionary purchases · 2 discretionary sales

Confidence: High

Informative buyNon-informative buyInformative sellNon-informative sell

Insiders	Activity	Description	Shares	Avg. price / share	Est. value	Trade date
CEO; ChairmanCummins Wes	Informative buy	Common StockOpen-market or private transaction (P)	55,803	$18.04	$1,006,686	Oct 16, 2026
PresidentZhang Jason Gechen	Informative buy	Common StockOpen-market or private transaction (P)	300,000	$18.86	$5,658,000	Oct 16, 2026
DirectorNottenburg Richard N	Informative sell	Common StockOpen-market or private transaction (S)	31,250	$21.84	$682,500	Oct 13, 2026
CEO; ChairmanCummins Wes	Non-informative buy	Common StockExercise or conversion; not an open-market trade (M)	100,000	—	—	Oct 10, 2026
CEO; ChairmanCummins Wes	Non-informative sell	Common StockTax or exercise-price withholding (F)	39,350	—	—	Oct 10, 2026

As filed with the SEC. Estimated value is shown only for purchases or sales with a positive reported transaction price; awards, gifts and similar activity are not assigned an assumed market value. Amendments may change the record. This is not investment advice.

Short interest

Open short positions reported twice monthly; this is not daily short-sale volume.

Earnings

Recent reported earnings per share compared with the analyst consensus available from Nasdaq.

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Owner	Activity	Change	Shares held	Value (thousands)	Reported
Vanguard Group Inc	Buy	6,445,908 (36.372%)	24,168,082	$430,554	12/31/2025
Hood River Capital Management Llc	Sell	-556,725 (-2.413%)	22,518,887	$401,174	6/30/2026
Situational Awareness Lp	Buy	1,906,178 (14.142%)	15,384,616	$274,077	6/30/2026
Vanguard Portfolio Management Llc	Sell	-1,078,983 (-7.287%)	13,728,812	$244,579	6/30/2026
Situational Awareness Partners Lp	Buy	13,478,438 (New)	13,478,438	$240,118	3/31/2026
Blackrock, Inc.	Sell	-7,521,031 (-35.993%)	13,375,070	$238,277	6/30/2026
Vanguard Capital Management Llc	Buy	780,138 (7.24%)	11,555,819	$205,867	6/30/2026
Two Sigma Investments, Lp	Buy	8,706,515 (546.685%)	10,299,117	$183,479	6/30/2026
Equitec Proprietary Markets, Llc	Buy	8,373,964 (New)	8,373,964	$149,182	6/30/2026
Goldman Sachs Group Inc	Sell	-1,023,407 (-12.786%)	6,980,959	$124,366	6/30/2026
Dba Trading, Llc	Unchanged	0 (0%)	5,576,235	$99,341	6/30/2026
Value Aligned Research Advisors, Llc	Sell	-1,122,281 (-16.83%)	5,546,030	$98,803	6/30/2026

Settlement date	Short interest	Avg. daily volume	Change vs. previous report	Days to cover
Oct 15, 2026	65,470,743	29,401,344	+15.60%	2.23
Sep 30, 2026	56,633,429	16,644,343	-2.13%	3.40
Sep 15, 2026	57,863,931	14,200,969	-0.97%	4.07
Aug 31, 2026	58,427,815	15,033,722	+4.83%	3.89
Aug 14, 2026	55,733,587	16,100,990	-23.35%	3.46
Jul 31, 2026	72,715,542	23,075,031	+4.07%	3.15
Jul 15, 2026	69,869,887	17,005,159	-1.58%	4.11
Jun 30, 2026	70,993,690	20,796,257	—	3.41

Fiscal quarter	Reported	EPS	Consensus	Surprise
Aug 2026	Oct 7, 2026	-0.76	-0.26	-192.31%
May 2026	Jul 27, 2026	-0.39	-0.18	-116.67%
Feb 2026	Apr 8, 2026	-0.36	-0.1	-260%
Nov 2025	Jan 7, 2026	-0.11	-0.09	-22.22%

Source Summary

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Insider activity sentiment

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