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PALO ALTO, CA—On May 23, 2025, Shikin Vasily, the Chief Technology Officer of AppLovin Corp (NASDAQ:APP), executed a series of stock sales amounting to a total of $12,294,664. The transactions involved the sale of Class A Common Stock at prices ranging from $341.00 to $356.28 per share. The sale comes as AppLovin, currently valued at $128.9 billion, maintains impressive gross profit margins of 77.7%. According to InvestingPro analysis, the stock has delivered a remarkable 369% return over the past year.
According to the SEC filing, these sales were conducted under a pre-arranged Rule 10b5-1 trading plan, which Vasily adopted on December 9, 2024. The shares sold are held by trusts benefiting Vasily’s immediate family members. The stock, which currently trades at $390.26, appears overvalued based on InvestingPro’s Fair Value metrics.
Following these transactions, Vasily retains ownership of 425,450 shares indirectly through various trusts. The sales were executed in multiple trades, with the filing noting that additional details are available upon request from the SEC or the company. For comprehensive insights into AppLovin’s valuation metrics and 18 additional ProTips, visit InvestingPro.
In other recent news, AppLovin Corp has been the focus of several analyst updates following its first-quarter results. Cannonball Research maintained a Buy rating with a price target of $620, projecting total revenue of $5,284 million and a GAAP diluted EPS of $7.44 for fiscal year 2025. UBS also maintained a Buy rating, raising the price target to $475 and revising its fiscal year 2026 EBITDA forecast to $6.1 billion, citing growth in web-based advertisement revenue. Benchmark reiterated a Buy rating with a $525 target, emphasizing the strength of AppLovin’s advertising platform and potential growth in the e-commerce sector. Piper Sandler increased its price target to $455, highlighting the company’s robust first-quarter performance and upcoming catalysts like the self-service platform and international expansion. Meanwhile, Oppenheimer adjusted its price target to $500, maintaining an Outperform rating and noting the company’s significant advertising segment growth and strategic focus on non-gaming advertisers. These developments reflect a generally positive outlook from analysts on AppLovin’s financial trajectory and strategic initiatives.
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