Yahoo Finance Insider Sale: Director Dawson Harvey Sells Shares of AppLovin Corp (APP)
Director Dawson Harvey executed a sale of 4,371 shares of AppLovin Corp (NASDAQ:APP) on June 13, 2024, as reported in a recent SEC Filing. Following this transaction, the insider now owns 11,565 shares of the company. The shares were sold at a price of $75.65, totaling approximately $330,515.15.
AppLovin Corp, a company engaged in the development of mobile software applications, has seen a significant amount of insider selling over the past year, with 39 insider sales and no insider buys. Dawson Harvey has sold a total of 7,148 shares over the past year.
The company's shares are currently trading with a market cap of approximately $25.81 billion. AppLovin Corp's price-earnings ratio stands at 46.70, which is above the industry median of 26.45. The GF Value of the stock is $55.36, indicating that it is significantly overvalued with a price-to-GF-Value ratio of 1.37.
The valuation metrics suggest a premium compared to historical and industry averages. The company's valuation includes considerations of historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for expected business performance.
This insider sale could be of interest to investors tracking insider behaviors and company valuation metrics to gauge potential future stock movements.
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.
This article first appeared on GuruFocus.
