AppLovin Co. (NYSE:APP – Get Rating) CTO Vasily Shikin sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $34.86, for a total transaction of $784,350.00. Following the completion of the transaction, the chief technology officer now owns 2,667,035 shares of the company’s stock, valued at $92,972,840.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Vasily Shikin also recently made the following trade(s):
- On Wednesday, March 2nd, Vasily Shikin sold 22,500 shares of AppLovin stock. The shares were sold at an average price of $58.26, for a total transaction of $1,310,850.00.
Shares of APP stock traded up $3.86 during trading hours on Friday, hitting $40.29. 3,804,219 shares of the company’s stock were exchanged, compared to its average volume of 2,209,152. The company has a market capitalization of $15.14 billion and a PE ratio of -210.47. AppLovin Co. has a 12-month low of $27.04 and a 12-month high of $116.09. The business’s 50 day simple moving average is $44.52 and its 200-day simple moving average is $66.07. The company has a current ratio of 2.93, a quick ratio of 5.05 and a debt-to-equity ratio of 1.59.
A number of research firms have recently commented on APP. Truist Financial cut their price objective on shares of AppLovin from $90.00 to $77.00 in a research report on Thursday, May 12th. Credit Suisse Group cut their price objective on shares of AppLovin from $128.00 to $112.00 in a research report on Thursday, February 17th. DA Davidson cut their price objective on shares of AppLovin from $100.00 to $80.00 in a research report on Thursday, May 12th. Zacks Investment Research upgraded shares of AppLovin from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 12th. Finally, The Goldman Sachs Group began coverage on shares of AppLovin in a research report on Tuesday, April 19th. They set a “buy” rating and a $68.00 target price for the company. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, AppLovin has an average rating of “Buy” and a consensus price target of $89.20.
AppLovin Company Profile (Get Rating)
AppLovin Corporation engages in building a software-based platform for mobile app developers to enhance the marketing and monetization of their apps in the United States and internationally. The company's software solutions include AppDiscovery, a marketing software solution, which matches advertiser demand with publisher supply through auctions; Adjust, an analytics platform that helps marketers grow their mobile apps with solutions for measuring, optimizing campaigns, and protecting user data; and MAX, an in-app bidding software that optimizes the value of an app's advertising inventory by running a real-time competitive auction.
- Get a free copy of the StockNews.com research report on AppLovin (APP)
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