APP
New money, same AppLovin obsession
AE Wealth Management LLC boosted its AppLovin position by 107.1%, taking its stake to 12,068 shares worth about $8.13 million. In plain English: one more institution looked at APP and said, “Yep, I’ll have another helping.”
But the insider bar tab is a little heavy
Here’s the catch. The article also says insiders sold a lot of stock recently — including CEO Arash Foroughi and CTO Vasily Shikin — with total insider sales hitting about $169.6 million in the last quarter. That doesn’t automatically mean doom, but it does mean some of the people closest to the business are cashing out while outsiders are buying in.
The bull case is still doing pushups
AppLovin also just posted a strong quarter, with earnings of $3.24 per share versus $2.89 expected and revenue of $1.66 billion, up 66% year over year. So the stock still has the classic combo investors like: institutional buying, analyst love, and growth that’s still moving like it has somewhere to be.
Big picture
For you, the takeaway is simple: APP is still very much a “show me the numbers” stock, but the numbers keep showing up. The bulls are still in the ring — even if a few insiders are taking a breather between rounds.