AppLovin (NASDAQ:APP) CEO Arash Adam Foroughi Sells 18,918 Shares

AppLovin Corporation (NASDAQ:APP) CEO Arash Adam Foroughi sold 18,918 shares of AppLovin stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $532.62, for a total transaction of $10,076,105.16. Following the sale, the chief executive officer owned 3,011,599 shares in the company, valued at $1,604,037,859.38. This represents a 0.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Arash Adam Foroughi also recently made the following trade(s):

• On Friday, November 21st, Arash Adam Foroughi sold 17,112 shares of AppLovin stock. The shares were sold at an average price of $502.48, for a total transaction of $8,598,437.76.
• On Thursday, November 20th, Arash Adam Foroughi sold 8,582 shares of AppLovin stock. The shares were sold at an average price of $556.56, for a total transaction of $4,776,397.92.
• On Friday, November 21st, Arash Adam Foroughi sold 4,069 shares of AppLovin stock. The stock was sold at an average price of $497.50, for a total transaction of $2,024,327.50.
• On Friday, November 21st, Arash Adam Foroughi sold 30,888 shares of AppLovin stock. The stock was sold at an average price of $520.29, for a total value of $16,070,717.52.
• On Friday, November 21st, Arash Adam Foroughi sold 15,931 shares of AppLovin stock. The shares were sold at an average price of $517.11, for a total value of $8,238,079.41.

AppLovin Price Performance

Shares of NASDAQ:APP traded up $39.54 on Monday, hitting $559.80. The stock had a trading volume of 4,999,788 shares, compared to its average volume of 7,063,281. The firm’s 50 day moving average price is $611.23 and its 200-day moving average price is $472.28. The company has a debt-to-equity ratio of 2.38, a quick ratio of 3.25 and a current ratio of 3.25. AppLovin Corporation has a twelve month low of $200.50 and a twelve month high of $745.61. The company has a market capitalization of $189.18 billion, a price-to-earnings ratio of 67.94, a price-to-earnings-growth ratio of 2.79 and a beta of 2.50.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Royal Bank Of Canada raised their price target on AppLovin from $700.00 to $750.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Deutsche Bank Aktiengesellschaft set a $705.00 price objective on shares of AppLovin and gave the company a “buy” rating in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. increased their price target on shares of AppLovin from $425.00 to $650.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. Wells Fargo & Company upped their price objective on AppLovin from $633.00 to $721.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Finally, Oppenheimer set a $740.00 price target on AppLovin in a report on Tuesday, October 7th. Twenty-one equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $658.27.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in APP. Chilton Capital Management LLC bought a new position in shares of AppLovin in the 3rd quarter valued at about $29,000. Activest Wealth Management boosted its position in AppLovin by 760.0% during 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 during the last quarter. Heartwood Wealth Advisors LLC acquired a new position in AppLovin during the third quarter valued at approximately $33,000. CBIZ Investment Advisory Services LLC grew its stake in AppLovin by 58.6% in the third quarter. CBIZ Investment Advisory Services LLC now owns 46 shares of the company’s stock valued at $33,000 after purchasing an additional 17 shares in the last quarter. Finally, Bogart Wealth LLC increased its position in shares of AppLovin by 100.0% during the 3rd quarter. Bogart Wealth LLC now owns 48 shares of the company’s stock worth $34,000 after purchasing an additional 24 shares during the last quarter. Institutional investors own 41.85% of the company’s stock.

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.