Key Points
- AppLovin CEO Arash Adam Foroughi sold 40,704 shares on March 12 at an average price of $459.85 for about $18.72M (after selling 50,000 shares on March 11), trimming his stake to 2,430,414 shares — a 1.65% reduction.
- Quarterly results were strong: AppLovin reported $3.24 EPS (vs. $2.89 expected) and $1.66B revenue (up 66% YoY) with very high profitability (net margin 57.4%, ROE 245.6%).
- Market sentiment is mixed: analysts are mostly bullish (consensus "Moderate Buy" with an average target around $654.50), but notable insider selling by other executives and public caution over valuation increase short-term volatility risk.
AppLovin Corporation (NASDAQ:APP - Get Free Report) CEO Arash Adam Foroughi sold 40,704 shares of AppLovin stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $459.85, for a total transaction of $18,717,734.40. Following the transaction, the chief executive officer owned 2,430,414 shares in the company, valued at approximately $1,117,625,877.90. This trade represents a 1.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Arash Adam Foroughi also recently made the following trade(s):
- On Wednesday, March 11th, Arash Adam Foroughi sold 50,000 shares of AppLovin stock. The stock was sold at an average price of $466.04, for a total transaction of $23,302,000.00.
AppLovin Price Performance
AppLovin stock opened at $458.67 on Friday. The business's 50 day simple moving average is $494.31 and its 200 day simple moving average is $573.31. AppLovin Corporation has a 12 month low of $200.50 and a 12 month high of $745.61. The company has a market cap of $154.70 billion, a price-to-earnings ratio of 47.04, a PEG ratio of 0.79 and a beta of 2.51. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 1.65.
AppLovin (NASDAQ:APP - Get Free Report) last released its quarterly earnings data on Wednesday, February 11th. The company reported $3.24 EPS for the quarter, beating analysts' consensus estimates of $2.89 by $0.35. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.61 billion. AppLovin had a net margin of 57.42% and a return on equity of 245.64%. AppLovin's revenue was up 66.0% compared to the same quarter last year. During the same period last year, the business earned $1.73 earnings per share. Sell-side analysts forecast that AppLovin Corporation will post 6.87 EPS for the current year.
Institutional Investors Weigh In On AppLovin
A number of large investors have recently added to or reduced their stakes in APP. Washington Trust Advisors Inc. lifted its stake in shares of AppLovin by 160.0% in the 4th quarter. Washington Trust Advisors Inc. now owns 39 shares of the company's stock valued at $27,000 after purchasing an additional 24 shares during the period. Chilton Capital Management LLC purchased a new stake in shares of AppLovin during the 3rd quarter valued at about $29,000. Board of the Pension Protection Fund purchased a new position in shares of AppLovin during the fourth quarter valued at approximately $27,000. Mcguire Capital Advisors Inc. purchased a new stake in AppLovin during the 4th quarter valued at $27,000. Finally, Activest Wealth Management boosted its position in AppLovin by 760.0% in the third quarter. Activest Wealth Management now owns 43 shares of the company's stock worth $31,000 after purchasing an additional 38 shares during the last quarter. Institutional investors own 41.85% of the company's stock.
AppLovin News Summary
Here are the key news stories impacting AppLovin this week:
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on APP shares. Wedbush raised their target price on shares of AppLovin from $465.00 to $640.00 and gave the company an "outperform" rating in a research note on Thursday, February 12th. Citigroup lowered their price objective on shares of AppLovin from $820.00 to $710.00 and set a "buy" rating on the stock in a research report on Thursday, February 12th. UBS Group set a $740.00 price objective on shares of AppLovin in a report on Thursday, February 12th. Weiss Ratings cut AppLovin from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $700.00 target price on shares of AppLovin in a research note on Wednesday. Twenty analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $654.50.
View Our Latest Stock Report on AppLovin
About AppLovin
(
Get Free Report)
AppLovin Corporation is a Palo Alto–based mobile technology company that provides software and services to help app developers grow and monetize their businesses. The company operates a data-driven advertising and marketing platform that connects app publishers and advertisers, delivering tools for user acquisition, monetization, analytics and creative optimization. AppLovin's technology is integrated into a broad set of mobile applications through software development kits (SDKs) and ad products designed to maximize revenue and engagement for developers.
Key components of AppLovin's offering include an ad mediation and exchange platform that enables publishers to manage and monetize inventory across multiple demand sources, and a user-acquisition platform that helps advertisers target and scale campaigns.
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