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Mohammad Saidal LaVanway Mohmand, Chief Financial Officer of Applied Digital Corp (NASDAQ:APLD), sold 75,000 shares of common stock on September 3, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sale comes as the stock has shown significant volatility, with a remarkable 205% return over the past year and a recent 13% decline in the past week.
The shares were sold at a price of $15.26, for a total transaction value of $1.14 million. Following the transaction, Mohmand directly owns 201,800 shares of Applied Digital Corp. With a market capitalization of $3.77 billion and current trading levels slightly above InvestingPro’s Fair Value estimate, investors should note that analysts have set price targets ranging from $13 to $24. For deeper insights into Applied Digital’s valuation and 16 additional exclusive ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Applied Digital announced a new lease agreement with CoreWeave, increasing its anticipated contracted lease revenue to approximately $11 billion. This agreement is part of three long-term leases encompassing 400 megawatts of IT capacity at the Polaris Forge 1 Campus in North Dakota. Additionally, the company plans to break ground on the Polaris Forge 2 AI computing facility near Harwood, North Dakota, in September 2025, with an estimated construction budget of $3 billion. The facility is expected to have a 280-megawatt power capacity and aims to begin operations in 2026, reaching full capacity by early 2027.
H.C. Wainwright recently raised its price target for Applied Digital to $20 from $15, maintaining a Buy rating on the stock. The company has also doubled its Series G preferred stock offering to $300 million, amending its agreement to remove a previous cap on single issuance purchase prices. This move is aimed at providing additional capital for the development of the Polaris Forge I data center. These developments reflect Applied Digital’s ongoing efforts to expand its infrastructure and financial resources to meet increasing demand.
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