Key Points
- CFO Matthew Stumpf sold 4,884 shares on Nov. 21 at an average price of $515.76 for a total of $2.52 million, reducing his stake by 2.49% to 191,161 shares (worth about $98.6 million after the sale).
- AppLovin posted a strong Q3 beat, reporting $2.45 EPS vs. $2.34 expected and $1.41 billion revenue vs. $1.34 billion expected, with revenue up 68.2% year-over-year and a net margin of 51.27%.
- The stock was trading up ~7.6% and analyst sentiment has strengthened, with price targets rising and an average target of $658.27 (21 Buys, 4 Holds, 1 Sell among covering analysts).
AppLovin Corporation (NASDAQ:APP - Get Free Report) CFO Matthew Stumpf sold 4,884 shares of the company's stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $515.76, for a total value of $2,518,971.84. Following the sale, the chief financial officer owned 191,161 shares in the company, valued at $98,593,197.36. The trade was a 2.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
AppLovin Trading Up 7.6%
NASDAQ:APP opened at $559.80 on Tuesday. The company has a market cap of $189.18 billion, a PE ratio of 67.94, a P/E/G ratio of 2.79 and a beta of 2.50. The business's 50 day moving average is $610.56 and its two-hundred day moving average is $473.83. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 2.38. AppLovin Corporation has a 52 week low of $200.50 and a 52 week high of $745.61.
AppLovin (NASDAQ:APP - Get Free Report) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.34 by $0.11. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.34 billion. AppLovin had a return on equity of 258.49% and a net margin of 51.27%.The business's revenue was up 68.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.29 EPS. AppLovin has set its Q4 2025 guidance at EPS. On average, analysts predict that AppLovin Corporation will post 6.87 EPS for the current year.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the company. Jefferies Financial Group lifted their target price on AppLovin from $560.00 to $615.00 and gave the company a "buy" rating in a research note on Friday, September 5th. Wall Street Zen lowered AppLovin from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Scotiabank increased their target price on AppLovin from $575.00 to $750.00 and gave the stock an "outperform" rating in a research report on Thursday, November 6th. Benchmark raised their target price on AppLovin from $640.00 to $700.00 and gave the company a "buy" rating in a research note on Thursday, November 6th. Finally, Oppenheimer set a $740.00 price target on shares of AppLovin in a research report on Tuesday, October 7th. Twenty-one investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $658.27.
View Our Latest Research Report on APP
Institutional Investors Weigh In On AppLovin
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Hilltop National Bank bought a new stake in shares of AppLovin during the 2nd quarter worth about $26,000. LFA Lugano Financial Advisors SA bought a new position in shares of AppLovin in the second quarter valued at approximately $26,000. SouthState Corp acquired a new position in shares of AppLovin during the first quarter valued at approximately $29,000. Chilton Capital Management LLC acquired a new position in shares of AppLovin during the third quarter valued at approximately $29,000. Finally, Activest Wealth Management raised its holdings in AppLovin by 760.0% during the third quarter. Activest Wealth Management now owns 43 shares of the company's stock worth $31,000 after purchasing an additional 38 shares in the last quarter. 41.85% of the stock is currently owned by institutional investors.
AppLovin Company Profile
(
Get Free Report)
AppLovin Corporation engages in building a software-based platform for advertisers to enhance the marketing and monetization of their content in the United States and internationally. It operates through two segments, Software Platform and Apps. The company's software solutions include AppDiscovery, a marketing software solution, which matches advertiser demand with publisher supply through auctions; MAX, an in-app bidding software that optimizes the value of a publisher's advertising inventory by running a real-time competitive auction; Adjust, a measurement and analytics marketing platform that provides marketers with the visibility, insights, and tools needed to grow their apps from early stage to maturity; and Wurl, a connected TV platform, which distributes streaming video for content companies and provides advertising and publishing solutions through its AdPool, ContentDiscovery, and Global FAST Pass products.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
