Applied Digital director Nottenburg sells $682,500 in APLD shares

Applied Digital Corp. (NASDAQ:APLD) reported that director Richard N. Nottenburg sold 31,250 shares of common stock on October 13, 2026, for a total of $682,500. The shares were traded at prices between $21.81 and $21.88, with a weighted average price of $21.84 per share. The sale occurred as the stock price was $20.39, marking a decline of nearly 14% over the past week due to significant volatility, indicated by a beta of 6.0.

Following this transaction, Nottenburg now owns 102,128 shares, including 7,747 restricted stock units (RSUs) granted on November 9, 2025, which are set to vest on November 5, 2026, if he continues to serve the company. Analysts view the stock as potentially undervalued, with InvestingPro listing it among the platform's most undervalued stocks and offering subscribers access to 14 additional ProTips and detailed financial metrics.

Meanwhile, Applied Digital's revenue for the first quarter of fiscal 2027 reached $341.9 million, surpassing analysts' estimates of $90.05 million, largely driven by one-time fit-out services. Investment firms like UBS and Wells Fargo have maintained Buy ratings for the company, with price targets ranging from $38.00 to $55.00, while acknowledging regulatory risks and progress in AI and operational capacity expansion.