Insider Selling: AppLovin Co. (NASDAQ:APP) Insider Sells 2,890 Shares of Stock

AppLovin Co. (NASDAQ:APPGet Free Report) insider Victoria Valenzuela sold 2,890 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $81.37, for a total value of $235,159.30. Following the completion of the sale, the insider now directly owns 448,490 shares of the company’s stock, valued at approximately $36,493,631.30. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Victoria Valenzuela also recently made the following trade(s):

  • On Thursday, April 4th, Victoria Valenzuela sold 50,000 shares of AppLovin stock. The shares were sold at an average price of $75.01, for a total value of $3,750,500.00.

AppLovin Stock Performance

APP traded up $2.89 during trading on Friday, reaching $82.15. The company’s stock had a trading volume of 5,050,495 shares, compared to its average volume of 4,257,357. The company has a debt-to-equity ratio of 4.59, a quick ratio of 2.11 and a current ratio of 2.11. The company’s fifty day moving average price is $74.34 and its 200-day moving average price is $55.41. AppLovin Co. has a 52-week low of $21.03 and a 52-week high of $88.50. The company has a market capitalization of $27.03 billion, a price-to-earnings ratio of 48.90, a price-to-earnings-growth ratio of 1.35 and a beta of 1.85.

AppLovin (NASDAQ:APPGet Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.10. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $973.70 million. AppLovin had a net margin of 16.46% and a return on equity of 51.55%. The business’s revenue was up 47.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.01) EPS. On average, equities analysts forecast that AppLovin Co. will post 2.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AppLovin

Several institutional investors have recently modified their holdings of APP. FinTrust Capital Advisors LLC purchased a new position in AppLovin during the 4th quarter valued at about $32,000. Covestor Ltd increased its stake in shares of AppLovin by 85.8% during the 1st quarter. Covestor Ltd now owns 511 shares of the company’s stock worth $35,000 after purchasing an additional 236 shares in the last quarter. Atlas Capital Advisors LLC acquired a new position in shares of AppLovin during the 1st quarter worth approximately $38,000. ORG Partners LLC lifted its stake in AppLovin by 212.0% in the 1st quarter. ORG Partners LLC now owns 624 shares of the company’s stock valued at $43,000 after buying an additional 424 shares in the last quarter. Finally, Quarry LP acquired a new stake in AppLovin during the 4th quarter valued at $44,000. Hedge funds and other institutional investors own 41.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on APP. TheStreet upgraded shares of AppLovin from a “d+” rating to a “c-” rating in a report on Friday, March 8th. Needham & Company LLC reiterated a “hold” rating on shares of AppLovin in a research note on Thursday, May 9th. Morgan Stanley upped their target price on AppLovin from $55.00 to $70.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 16th. Stifel Nicolaus boosted their price target on AppLovin from $85.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Finally, Daiwa Capital Markets began coverage on AppLovin in a report on Monday, April 15th. They issued a “neutral” rating and a $80.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $71.72.

View Our Latest Stock Report on AppLovin

About AppLovin

(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.

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