Digital infrastructure company Applied Digital (APLD) is set to release its Q3 FY26 results on April 8. Year-to-date, APLD stock has remained flat, even amid strong demand for its high-performance data centers that support AI workloads. In this article, we take a closer look at who owns APLD stock. By examining both institutional investors and company insiders, we can see where confidence and caution lie in Applied Digital stock ahead of earnings.
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Forget margin or options. Here's how the pros trade APLDFor context, Applied Digital specializes in AI infrastructure and data-center solutions, providing leased computing capacity to enterprise clients.
Who Owns APLD Stock?
According to TipRanks’ Ownership Tool, public companies and individual investors own 36.04% of APLD. They are followed by other institutional investors (21.38%), mutual funds (17.87%), ETFs (15.33%), and insiders (9.38%).
A significant share of APLD stock is held by public and institutional investors, reflecting broad market interest and confidence in the company. Meanwhile, low insider ownership is common for mature tech companies.
Breaking Down Applied Digital’s Ownership Structure
Looking closely at the top shareholders, Chairman and CEO Wes Cummins owns the highest stake in Applied Digital at 8.04%, followed by Vanguard with a 7.67% holding.
On the ETF side, the Vanguard Total Stock Market ETF (VTI) owns approximately 2.84%, while the iShares Russell 2000 ETF (IWM) holds 2.04%.
Moving to mutual funds, Vanguard Index Funds holds about 5.39% of Applied Digital. Meanwhile, Manager Directed Portfolios owns 4.37% of the company.
What to Expect from APLD’s Q3 Results?
In terms of financial results, Wall Street expects Applied Digital to report a wider adjusted loss of $0.15 per share for Q3 FY26, up from $0.08 in the same quarter last year. Meanwhile, revenue is projected to grow roughly 43% year-over-year to $75.47 million.
Is APLD a Good Stock to Buy?
On Wall Street, analysts remain highly bullish with a Strong Buy consensus rating on APLD stock based on 10 Buys assigned in the past three months. Furthermore, Applied Digital’s average share price target of $52.22 per share implies an upside of 112.62% from its current level.
