How Have AppLovin Corporation (APP) Insiders Been Trading?

AppLovin Corporation (NASDAQ:APP) finished Wednesday with an addition of $0.83 to close at $88.01, an upside of 0.95 percent. An average of 2,237,220 shares of common stock have been traded in the last five days. There was a gain of $11.01 in the past week. The last 20 days have seen an average of 1,296,550 shares traded, while the 50-day average volume stands at 1,350,430.

APP stock has increased by 16.37% in the last month. The company shares reached their 1-month lowest point of $69.34 on 09/20/21. Shares of the company touched a low of $49.41 and a high of $90.03 in 52 weeks. In spite of this, the price is down -2.24% from the 52-week high.

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Insider Transactions

1 day have passed since AppLovin Corporation (APP) last reported insider trading activity. Karam Andrew, who is 10% Owner, most recently acquired $16,666 shares at $87.43 per share on Oct 13. In this transaction, the insider spent $1,457,108. 10% Owner, Karam Andrew, disposed of 10,800 shares at a price of $89.25 on Oct 12. The insider now owns more than $963,900 worth of shares. Prior to that, Chief Technology Officer Shikin Vasily went on to Sale 22,500 shares at $87.37 each on Oct 12. An amount of $1,965,774 was transacted.

Valuation Metrics

AppLovin Corporation (APP) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 37.24 for the sector. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 14.90, the price-to-book (PB) ratio at 14.79.

The quick ratio of AppLovin Corporation for the three months ended June 29 was 2.80, and the current ratio was 2.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.87 and a total debt to equity ratio of 0.89 for the quarter ending June 29. AppLovin Corporation’s EBITDA margin for the year ending June 29 is 18.93%. Its gross profit as reported stood at $895.51 million compared to revenue of $1.45 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. For the broader industry, ROE averaged 3.34 over the past year.

Earnings Surprise

The analyst consensus anticipated AppLovin Corporation’s latest quarter earnings to come in at $0.05 per share, but it turned out to be $0.04, a -20.00% surprise. For the quarter, EBITDA amounted to $144.21 million. Shareholders own equity worth $372.35 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at AppLovin Corporation (APP) price momentum. RSI 9-day as of the close on 13 October was 72.37%, suggesting the stock is Overbought, with historical volatility in this time frame at 52.70%.

As of today, APP’s price is $86.78 +14.30% or $11.01 from its 5-day moving average. APP is currently trading +19.63% higher than its 20-day SMA and +28.76% higher than its 100-day SMA. However, the stock’s current price level is +39.94% above the SMA50.

The stochastic %K and %D were 92.07% and 94.12%, respectively, and the average true range (ATR) was 4.01. With the 14-day stochastic at 92.34% and the average true range at 4.13, the RSI (14) stands at 66.93%. The stock has reached 6.28 on the 9-day MACD Oscillator while the 14-day reading was at 8.48.

Analyst Ratings

Stifel upgraded AppLovin Corporation (NASDAQ: APP) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a a Hold.The consensus rating for AppLovin Corporation (APP) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell APP, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 9 others rate it as a “buy”.

What is APP’s price target for the next 12 months?

Analysts predict a range of price targets between $80.00 and $95.00, with a median target of $90.00. Taking a look at these predictions, the average price target given by analysts for AppLovin Corporation (APP) stock is $87.33.


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