On September 10, 2024, Dawson Harvey, Director at AppLovin Corp (APP, Financial), executed a sale of 1,500 shares of the company. The transaction was documented in a recent SEC Filing. Following this transaction, the insider now owns 10,247 shares of AppLovin Corp.
AppLovin Corp (APP, Financial) is a technology company that develops marketing software and provides a platform for mobile app developers to market and monetize their apps. The company's innovative solutions and services are designed to help developers reach their target audience effectively and maximize revenue.
According to the filing, the shares were sold at a price of $87.9 each. This sale is part of a series of transactions by the insider over the past year, during which Dawson Harvey sold a total of 7,726 shares and made no purchases of the stock.
The insider transaction history for AppLovin Corp shows a trend of more sales than purchases among insiders. Over the past year, there have been 40 insider sales and no insider buys. This could be indicative of insiders' perspectives on the stock's valuation or future performance.
Currently, AppLovin Corp has a market cap of approximately $35.31 billion. The stock's price-earnings ratio stands at 41.52, which is above the industry median of 25.56. This suggests a higher valuation compared to its peers.
The GF Value, an intrinsic value estimate from GuruFocus, is set at $60.21 for AppLovin Corp, indicating that the stock is currently Significantly Overvalued with a price-to-GF-Value ratio of 1.46. The GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates provided by Morningstar analysts.
This recent sale by Dawson Harvey might attract investor attention as they evaluate the stock's current valuation and future prospects in light of ongoing insider transactions.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
