Applovin Corp (NASDAQ:APP) shares traded -8.13% lower at $377.06 on Wall Street last session.
APP stock price is now 3.54% away from the 50-day moving average and 95.91% away from the 200-day moving average. The market capitalization of the company currently stands at $128.22B.
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With the price target of $375, The Benchmark Company recently initiated with Buy rating for Applovin Corp (NASDAQ: APP). On November 20, 2024, Piper Sandler recently initiated its ‘Overweight’ rating on the stock quoting a target price of $400, while ‘Daiwa Securities’ rates the stock as ‘Outperform’
In other news, Foroughi Arash Adam, CEO & Chairperson sold 44,400 shares of the company’s stock on Feb 24 ’25. The stock was sold for $18,243,452 at an average price of $410.89. Upon completion of the transaction, the CEO & Chairperson now directly owns 2,869,492 shares in the company, valued at $1.08 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 21 ’25, CEO & Chairperson Foroughi Arash Adam sold 45,000 shares of the business’s stock. A total of $18,999,624 was realized by selling the stock at an average price of $422.21. This leaves the insider owning 2,914,492 shares of the company worth $1.1 billion. A total of 38.56% of the company’s stock is owned by insiders.
During the past 12 months, Applovin Corp has had a low of $57.40 and a high of $525.15. As of last week, the company has a debt-to-equity ratio of 3.26, a current ratio of 2.19, and a quick ratio of 2.41.
The net profit margin was 33.51% and return on equity was 134.52% for APP. The company reported revenue of $1.2 billion for the quarter, compared to $864.26 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 38.64 percent.
