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Why AppLovin (APP) Stock Is Down Today

Investivoq PriceTracker

AppLovin Corporation (APP) is down 4.5% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely explanation is a pullback after last week’s sharp post-earnings rally, with investors taking profits while the market digests mixed views on how durable AppLovin’s growth will be. This could also be because investors are still balancing the company’s strong third-quarter results against lingering concerns about longer-term ad growth, e-commerce execution, and legal overhang. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1751008/000175100826000068/exhibit991-3q26earningspre.htm?utm_source=openai))

Details:

  • APP was trading about 4.3% lower intraday on November 10, with shares near $392 after opening above $405.
  • AppLovin reported third-quarter 2026 revenue of about $2.18 billion and net income of about $1.44 billion on November 4, a strong print that had helped drive a large rebound in the stock late last week. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1751008/000175100826000068/exhibit991-3q26earningspre.htm?utm_source=openai))
  • After that earnings release, some analysts acknowledged the beat but still flagged uncertainty around the company’s long-term growth visibility, suggesting the rally did not erase all skepticism. ([ca.finance.yahoo.com](https://ca.finance.yahoo.com/news/applovin-apos-q3-beat-limits-163603001.html?utm_source=openai))
  • There is also an active securities class action process tied to earlier 2026 disclosures, with a November 16 lead-plaintiff deadline, which may be contributing to investor caution. ([ktmc.com](https://www.ktmc.com/app-applovin-corporation-class-action-lawsuit/?utm_source=openai))

    • Sources:

    SEC, AppLovin Investor Relations, Associated Press, Kessler Topaz

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $APP Insider Trading Activity

    APP Insider Trades

    $APP insiders have traded $APP stock on the open market 211 times in the past 6 months. Of those trades, 0 have been purchases and 211 have been sales.

    Here’s a breakdown of recent trading of $APP stock by insiders over the last 6 months:

    • EDUARDO VIVAS has made 0 purchases and 27 sales selling 163,910 shares for an estimated $82,620,803.
    • ARASH ADAM FOROUGHI (CEO) has made 0 purchases and 69 sales selling 104,166 shares for an estimated $51,071,903.
    • VASILY SHIKIN (Chief Technology Officer) has made 0 purchases and 68 sales selling 89,720 shares for an estimated $43,461,878.
    • VICTORIA VALENZUELA (CALO & Corp. Secretary) has made 0 purchases and 29 sales selling 20,000 shares for an estimated $11,317,855.
    • MATTHEW STUMPF (Chief Financial Officer (CFO)) sold 9,052 shares for an estimated $5,431,200
    • MAYNARD G JR WEBB has made 0 purchases and 17 sales selling 6,152 shares for an estimated $3,393,853.

    To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

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    $APP Hedge Fund Activity

    We have seen 653 institutional investors add shares of $APP stock to their portfolio, and 855 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • INVESCO LTD. added 6,831,277 shares (+164.8%) to their portfolio in Q2 2026, for an estimated $3,519,678,848
    • CAPITAL WORLD INVESTORS added 4,971,394 shares (+156.4%) to their portfolio in Q2 2026, for an estimated $2,561,411,330
    • JPMORGAN CHASE & CO added 4,349,233 shares (+inf%) to their portfolio in Q2 2026, for an estimated $2,240,855,318
    • FMR LLC removed 3,328,972 shares (-19.2%) from their portfolio in Q3 2026, for an estimated $966,833,337
    • SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 2,104,222 shares (+inf%) to their portfolio in Q2 2026, for an estimated $1,084,158,301
    • BAILLIE GIFFORD & CO removed 1,381,467 shares (-21.3%) from their portfolio in Q3 2026, for an estimated $401,219,460
    • TIGER GLOBAL MANAGEMENT LLC removed 1,292,984 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $666,184,146

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    $APP Congressional Stock Trading

    Members of Congress have traded $APP stock 4 times in the past 6 months. Of those trades, 3 have been purchases and 1 have been sales.

    Here’s a breakdown of recent trading of $APP stock by members of Congress over the last 6 months:

    • REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 4 times. They made 3 purchases worth up to $45,000 on 09/18, 07/17, 05/15 and 1 sale worth up to $15,000 on 08/18.

    To track congressional stock trading, check out Investivoq's congressional trading dashboard. You can access data on congressional stock trades through the Investivoq API Congress trades endpoint.

    $APP Price Targets

    Multiple analysts have issued price targets for $APP recently. We have seen 4 analysts offer price targets for $APP in the last 6 months, with a median target of $670.0.

    Here are some recent targets:

    • Alec Brondolo from Wells Fargo set a target price of $575.0 on 07/07/2026
    • Andrew Marok from Raymond James set a target price of $640.0 on 06/29/2026
    • Jason Bazinet from Citigroup set a target price of $710.0 on 06/01/2026
    • Bernie McTernan from Needham set a target price of $700.0 on 05/28/2026

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.