Applied Digital (APLD), a digital infrastructure company focused on AI data centers, is jumping about 11% ahead of its earnings release later today after the market close, putting the stock in focus. The move comes as Wall Street remains bullish, with firms like B. Riley seeing over 100% upside and maintaining Buy ratings. As attention builds around its AI data center ramp-up, investors are also looking closely at who owns the stock, as institutional and insider positions can offer clues about confidence ahead of results.
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Two ETFs to trade APLD long or short: APLX & APLZFor context, 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.
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%).
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.
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 eight Buys assigned in the past three months. Furthermore, Applied Digital’s average share price target of $47.86 per share implies an upside of 73.33% from its current level.
