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Director Herald Y. Chen of AppLovin Corp (NASDAQ:APP) sold a total of $108.4 million in Class A Common Stock on August 14 and 15. The sales were executed in multiple transactions with prices ranging from $423.68 to $443.71. The transactions come as AppLovin’s stock has delivered an impressive 407% return over the past year, with the company now commanding a market capitalization of $148 billion. According to InvestingPro analysis, the stock is currently trading near its Fair Value.
The director’s sales involved multiple transactions. On August 14 and 15, Chen also exercised options to acquire 250,000 shares of Class A Common Stock at a price of $5.05, for a total value of $1,262,500. The company maintains strong financial health with a perfect Piotroski Score of 9, as revealed by InvestingPro, which offers 18 additional valuable insights about APP’s performance and outlook.
Following these transactions, Chen directly owns 181,929 shares of AppLovin Corp Class A Common Stock and indirectly owns 189,800 shares. The company demonstrates robust financial metrics with a 78.6% gross profit margin and maintains healthy liquidity with a current ratio of 2.74.
In other recent news, AppLovin Corp reported strong second-quarter 2025 financial results, with revenue reaching $1.259 billion, surpassing consensus estimates of $1.219 billion. The company’s adjusted EBITDA also exceeded expectations, coming in at $1.018 billion compared to the anticipated $996 million. Following these results, several analysts have adjusted their ratings and price targets for the company. Benchmark maintained its Buy rating with a price target of $525, while Piper Sandler raised its price target to $500, citing a "solid beat" on earnings and a "strong guide" for future performance. JPMorgan increased its price target to $425, noting the company’s sequential revenue growth of 9% and its strategic decision to limit onboarding new e-commerce customers. Loop Capital reiterated its Buy rating with a $650 price target, highlighting a 77% year-over-year revenue growth and a 95% increase in adjusted EBITDA. UBS also maintained its Buy rating and set a price target of $540, raising its fiscal year 2026 EBITDA estimate to $6.18 billion, driven by positive gaming-related trends. These developments reflect a positive outlook from analysts regarding AppLovin’s recent performance and future prospects.
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