How have the shares performed?
AppLovin Corporation (APP) saw downtrend of -9.78% in the recent trading with $75.17 being its most recent. The current price level -16.51% lower than the highest price of $90.03 marked by the stock while trading over the past 52-weeks, whereas it is 52.14% higher than the lowest price of $49.41 the company dropped to over past 52-weeks. The latest news story on APP appeared in TheStreet.com under the title “AppLovin Drops; Morgan Stanley Double Downgrades on Valuation” on Jun-30-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -16.51% below one month high and is +11.08% above of the lowest during that time. Looking into the simple moving average, AppLovin Corporation (APP)’s stock stands at a SMA-50 of $69.67 while that of 5-day is reading $81.99.
AppLovin Corporation Earnings – What Happened With APP
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $603.88 billion.
APP – AppLovin Corporation Stock Earnings Estimates
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 363.13 million. APP does have institutional investors; and they hold 1.21% of the stock.
AppLovin Corporation – Insider Activity and Holdings
As on Apr 29, 2021, Franklin Strategic Series-Franklin Growth Opportunities was the top most holder in AppLovin Corporation (NASDAQ:APP) with an ownership of 0.18 million shares of the company or 0.08% of the stake worth $10.2 million. The filing also reveals Franklin Strategic Series-Franklin Small-Mid Cap Growth as the second largest holder in the company with a control over 0.08% of the outstanding shares. Its stake is worth $10.12 million for having 0.17 million shares in hand.
Fidelity NASDAQ Composite Index Fund also came holding a key position in the company during the recent quarter and it now holds 0.05% of the outstanding shares. With this there are now 7 institutions which have possession in APP’s shares.