AppLovin’s $1.8B Volume Slides in High-Volume Rankings as Analysts Hike Targets to $472.86 and Institutional Buyers Pile In

On August 25, AppLovin (NASDAQ:APP) recorded a trading volume of $1.8 billion, down 33.57% from the prior day, with shares rising 2.04% to $441.68. CEO Arash Adam Foroughi sold 90,000 shares on August 21 for $37.89 million, reducing his ownership by 3.32%. Additional sales on August 20–22 further cut his stake by 1.00%, totaling $11.53 million in proceeds. Despite these insider sales, analysts remain optimistic, assigning 18 "Buy" ratings and an average price target of $472.86, reflecting confidence in the company’s growth potential.

AppLovin’s Q2 revenue surged 77.1% year-over-year to $1.26 billion, though quarterly earnings of $2.26 per share slightly missed estimates. Institutional investors have maintained a 41.85% ownership stake, with recent incremental purchases by entities like Revolve Wealth Partners and Hsbc Holdings. Analysts from UBS, Morgan Stanley, and others have raised price targets, citing strong fundamentals and long-term potential. The stock remains near its 52-week high of $525.15, with a market cap of $149.4 billion.

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