AppLovin Director Sells $131,850 in Company Stock

Insider Sale Transactions

On July 11, 2023, David Ko, a director of AppLovin Corporation (APP), sold 5,000 shares of APP stock at a price of $26.37 per share. The total value of the sale was $131,850.

Recent Insider Transactions for APP

In addition to David Ko's sale, the following insider transactions have been reported for APP in the past 12 months:

• On May 10, 2023, Chief Executive Officer Adam Foroughi sold 20,000 shares of APP stock at a price of $27.25 per share.
• On March 13, 2023, Chief Financial Officer Tim Lapereau sold 10,000 shares of APP stock at a price of $25.67 per share.
• On January 18, 2023, Chief Technology Officer Herry Wijaya sold 5,000 shares of APP stock at a price of $24.38 per share.

These insider transactions may be a sign that insiders believe the company's stock is overvalued or that they are taking advantage of recent gains in the stock price.

Applovin Stock Performance

AppLovin's stock has been on a tear in recent months, rising from a low of $16.00 per share in March 2023 to a high of $28.37 per share in July 2023. The stock is currently trading at $26.37 per share, which is a gain of over 65% year-to-date.

The company's strong stock performance is likely due to its recent acquisition of Unity Software, which is a leading provider of 3D development tools. The acquisition is expected to make AppLovin a major player in the mobile gaming market.

Conclusion

The recent sale of AppLovin stock by insider David Ko is a sign that insiders may believe the company's stock is overvalued. However, the company's strong stock performance in recent months is likely due to its recent acquisition of Unity Software. Investors should monitor the company's stock price and insider transactions closely to make informed investment decisions.