AppLovin (NASDAQ:APP) CTO Sells $3,973,868.50 in Stock

AppLovin Corporation (NASDAQ:APP) CTO Vasily Shikin sold 7,385 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $538.10, for a total value of $3,973,868.50. Following the completion of the sale, the chief technology officer owned 46,004 shares in the company, valued at approximately $24,754,752.40. This represents a 13.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Vasily Shikin also recently made the following trade(s):

• On Monday, November 24th, Vasily Shikin sold 14,708 shares of AppLovin stock. The stock was sold at an average price of $548.45, for a total value of $8,066,602.60.
• On Monday, November 24th, Vasily Shikin sold 14,867 shares of AppLovin stock. The shares were sold at an average price of $546.93, for a total value of $8,131,208.31.
• On Monday, November 24th, Vasily Shikin sold 15,540 shares of AppLovin stock. The shares were sold at an average price of $549.09, for a total transaction of $8,532,858.60.
• On Monday, November 24th, Vasily Shikin sold 27,143 shares of AppLovin stock. The shares were sold at an average price of $545.38, for a total transaction of $14,803,249.34.

AppLovin Stock Up 2.5%

APP stock opened at $601.00 on Friday. The firm’s 50-day moving average is $607.52 and its two-hundred day moving average is $478.73. The company has a market capitalization of $203.11 billion, a price-to-earnings ratio of 72.94, a price-to-earnings-growth ratio of 3.15 and a beta of 2.50. AppLovin Corporation has a 52 week low of $200.50 and a 52 week high of $745.61. The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 2.38.

AppLovin (NASDAQ:APP) last posted its quarterly earnings data 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. AppLovin had a net margin of 51.27% and a return on equity of 258.49%. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period last year, the firm posted $1.29 earnings per share. The business’s revenue was up 68.2% on a year-over-year basis. AppLovin has set its Q4 2025 guidance at EPS. On average, analysts forecast that AppLovin Corporation will post 6.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Royal Bank Of Canada boosted their price objective on AppLovin from $700.00 to $750.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. The Goldman Sachs Group lifted their target price on AppLovin from $630.00 to $720.00 and gave the stock a “neutral” rating in a report on Friday, November 7th. Piper Sandler upped their price target on shares of AppLovin from $740.00 to $800.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Needham & Company LLC restated a “hold” rating on shares of AppLovin in a research report on Tuesday, August 26th. Finally, Deutsche Bank Aktiengesellschaft set a $705.00 price objective on shares of AppLovin and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Twenty-one research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, AppLovin currently has a consensus rating of “Moderate Buy” and a consensus price target of $658.27.

Institutional Trading of AppLovin

Hedge funds have recently bought and sold shares of the company. Hilltop National Bank purchased a new position in shares of AppLovin in the second quarter worth approximately $26,000. LFA Lugano Financial Advisors SA acquired a new position in AppLovin in the 2nd quarter worth approximately $26,000. SouthState Corp purchased a new position in AppLovin during the 1st quarter worth approximately $29,000. Chilton Capital Management LLC acquired a new stake in AppLovin during the 3rd quarter valued at $29,000. Finally, Activest Wealth Management lifted its holdings in shares of AppLovin by 760.0% in the third quarter. Activest Wealth Management now owns 43 shares of the company’s stock valued at $31,000 after purchasing an additional 38 shares in the last quarter. 41.85% of the stock is owned by hedge funds and other institutional investors.

AppLovin Company Profile

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.