AppLovin surges as investors refocus on blockbuster Q1 results, upbeat guidance, and aggressive buybacks

AppLovin (APP) is up 9.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to continued momentum from AppLovin’s strong first-quarter results and bullish second-quarter outlook, alongside evidence of sizable share repurchases that can amplify upside on risk-on days. Additional support may be coming from follow-on analyst target hikes after the earnings release.

Details:

AppLovin reported Q1 revenue of $1.842 billion (+59% year over year) and net income of $1.206 billion, with diluted EPS of $3.56.

The company guided Q2 revenue to $1.915–$1.945 billion and adjusted EBITDA to $1.615–$1.645 billion, implying very high adjusted EBITDA margins.

AppLovin disclosed it repurchased and withheld 2.2 million shares in Q1 for a total cost of $1.0 billion, which can mechanically boost per-share metrics and reduce float.

In the weeks after earnings, multiple Wall Street notes lifted price targets, which can pull incremental buyers back into high-momentum names.

Sources:

AppLovin Investor Relations, SEC, MarketBeat

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 insiders have traded $APP stock on the open market 191 times in the past 6 months. Of those trades, 0 have been purchases and 191 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 21 sales selling 184,820 shares for an estimated $83,922,000.
ARASH ADAM FOROUGHI (CEO & Chairperson) has made 0 purchases and 44 sales selling 100,000 shares for an estimated $46,213,471.
VASILY SHIKIN (Chief Technology Officer) has made 0 purchases and 122 sales selling 89,720 shares for an estimated $43,642,445.
VICTORIA VALENZUELA (CALO & Corp. Secretary) sold 7,609 shares for an estimated $5,000,102
DMITRIY DOROSH (Principal Accounting Officer) has made 0 purchases and 2 sales selling 3,109 shares for an estimated $1,409,678.
DAWSON ALYSSA HARVEY sold 150 shares for an estimated $103,998

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

$APP Hedge Fund Activity

We have seen 698 institutional investors add shares of $APP stock to their portfolio, and 994 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

IEQ CAPITAL, LLC removed 15,515,834 shares (-98.9%) from their portfolio in Q1 2026, for an estimated $6,175,301,932
CORIENT PRIVATE WEALTH LLC removed 4,056,153 shares (-96.7%) from their portfolio in Q1 2026, for an estimated $1,614,348,894
FMR LLC added 2,600,386 shares (+19.9%) to their portfolio in Q1 2026, for an estimated $1,034,953,628
RAKUTEN INVESTMENT MANAGEMENT, INC. removed 1,975,963 shares (-97.5%) from their portfolio in Q4 2025, for an estimated $1,331,443,388
CAPITAL INTERNATIONAL INVESTORS added 1,842,846 shares (+187.8%) to their portfolio in Q1 2026, for an estimated $733,452,708
CAPITAL RESEARCH GLOBAL INVESTORS added 1,429,238 shares (+118.2%) to their portfolio in Q1 2026, for an estimated $568,836,724
COATUE MANAGEMENT LLC removed 895,739 shares (-41.0%) from their portfolio in Q1 2026, for an estimated $356,504,122

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

$APP Congressional Stock Trading

Members of Congress have traded $APP stock 6 times in the past 6 months. Of those trades, 2 have been purchases and 4 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 6 times. They made 2 purchases worth up to $30,000 on 03/13, 12/19 and 4 sales worth up to $95,000 on 04/14, 03/18, 02/10, 02/05.

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

$APP Analyst Ratings

Wall Street analysts have issued reports on $APP in the last several months. We have seen 4 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

BTIG issued a "Buy" rating on 02/12/2026
Jefferies issued a "Buy" rating on 02/12/2026
Evercore ISI Group issued a "Outperform" rating on 01/14/2026
Benchmark issued a "Buy" rating on 12/11/2025

To track analyst ratings and price targets for $APP, check out Quiver Quantitative's $APP forecast page.

$APP Price Targets

Multiple analysts have issued price targets for $APP recently. We have seen 18 analysts offer price targets for $APP in the last 6 months, with a median target of $700.0.

Here are some recent targets:

Clark Lampen from BTIG set a target price of $640.0 on 05/07/2026
James Callahan from Piper Sandler set a target price of $665.0 on 05/07/2026
Bernie McTernan from Needham set a target price of $700.0 on 05/07/2026
Alicia Reese from Wedbush set a target price of $640.0 on 05/07/2026
Alec Brondolo from Wells Fargo set a target price of $571.0 on 05/07/2026
Cory Carpenter from JP Morgan set a target price of $515.0 on 05/07/2026
Aaron Lee from Macquarie set a target price of $730.0 on 05/07/2026

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