Fannie Mae, Freddie Mac shares tumble after conservatorship comments
In a recent transaction, Matthew Stumpf, Chief Financial Officer of AppLovin Corp (NASDAQ:APP), sold shares of the company amounting to approximately $4.1 million. The sales occurred on June 6, 2025, and were conducted under a pre-established Rule 10b5-1 trading plan. The transaction comes as AppLovin’s stock has shown remarkable performance, with a 402% return over the past year and current trading price near $418. According to InvestingPro analysis, the company appears to be trading above its Fair Value, with impressive gross profit margins of 78%.
The sales involved a total of 9,714 shares of Class A Common Stock, with prices ranging from $421 to $425 per share. Following these transactions, Stumpf retains ownership of 192,421 shares, some of which are represented by restricted stock units (RSUs).
These transactions were disclosed in a Form 4 filing with the Securities and Exchange Commission.
In other recent news, AppLovin Corp has been the subject of multiple analyst updates and strategic developments. Cannonball Research maintained its Buy rating for AppLovin with a price target of $620, following the company’s first-quarter results and the divestiture of its Apps business. The firm projects total revenue of $1,205 million for the second quarter of fiscal year 2025, with an Adjusted EBITDA of $976 million. BTIG also updated its outlook, raising the price target to $480, citing AppLovin’s sale of its first-party mobile games business to Tripledot Studios as a strategic move to focus on core advertising operations. UBS increased its price target to $475, highlighting the company’s strong first-quarter results, including double-digit growth in gaming advertisement revenue and improved EBITDA margins.
Jefferies reaffirmed a Buy rating with a $530 price target, noting an upcoming expert call to discuss AppLovin’s advertising performance compared to major competitors like Meta (NASDAQ:META) and Google (NASDAQ:GOOGL). Oppenheimer reiterated an Outperform rating with a $500 price target, expressing confidence in AppLovin’s growth outlook and market share. These recent developments underscore AppLovin’s strategic focus on enhancing its advertising platform and divesting non-core operations. The company’s efforts to innovate and expand its revenue streams have been met with positive analyst feedback, indicating a strong growth trajectory.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.