Rep. Gilbert Ray Cisneros, Jr. Purchases Shares of AppLovin Corporation (NASDAQ:APP)

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of AppLovin Corporation (NASDAQ:APP). In a filing disclosed on June 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in AppLovin stock on May 15th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of SoftBank Group (OTCMKTS:SFTBF) on 6/2/2026.
• Purchased $1,001 – $15,000 in shares of Ciena (NYSE:CIEN) on 5/29/2026.
• Sold $1,001 – $15,000 in shares of AutoZone (NYSE:AZO) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Independent Bank (NASDAQ:INDB) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Arcutis Biotherapeutics (NASDAQ:ARQT) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of HealthEquity (NASDAQ:HQY) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Boston Scientific (NYSE:BSX) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Perella Weinberg Partners (NASDAQ:PWP) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Cooper Companies (NASDAQ:COO) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Ligand Pharmaceuticals (NASDAQ:LGND) on 5/29/2026.

AppLovin Price Performance

APP stock traded down $27.86 during mid-day trading on Wednesday, hitting $492.98. The stock had a trading volume of 4,830,489 shares, compared to its average volume of 5,474,317. The firm has a fifty day simple moving average of $476.67 and a 200 day simple moving average of $521.50. The firm has a market capitalization of $165.61 billion, a P/E ratio of 42.35, a P/E/G ratio of 0.92 and a beta of 2.45. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 1.49. AppLovin Corporation has a 52 week low of $320.00 and a 52 week high of $745.61.

AppLovin (NASDAQ:APP) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $3.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.44 by $0.12. AppLovin had a net margin of 64.29% and a return on equity of 219.37%. The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same period last year, the firm posted $1.67 earnings per share. The firm’s quarterly revenue was up 58.9% compared to the same quarter last year. As a group, research analysts forecast that AppLovin Corporation will post 15.86 EPS for the current year.

More AppLovin News

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Citi added AppLovin to its “Upside 90-Day Catalyst Watch,” suggesting a near-term catalyst could help support the stock. Citi Adds “Upside 90-Day Catalyst Watch” on AppLovin Corporation (APP)
• Positive Sentiment: Analyst commentary remains constructive, with recent notes reaffirming bullish ratings and one article highlighting AppLovin’s recent gains and expected EPS growth of more than 40% annually over the next five years. AppLovin Corporation (APP) Up More Than 12% Over the Past Month, Here’s Why it is an Unstoppable Growth Stock

Hedge Funds Weigh In On AppLovin

Several institutional investors have recently made changes to their positions in APP. Rathbones Group PLC increased its position in AppLovin by 69.6% in the 1st quarter. Rathbones Group PLC now owns 702 shares of the company’s stock valued at $279,000 after buying an additional 288 shares in the last quarter. Pine Valley Investments Ltd Liability Co grew its stake in AppLovin by 4.4% in the first quarter. Pine Valley Investments Ltd Liability Co now owns 12,388 shares of the company’s stock valued at $4,930,000 after acquiring an additional 527 shares during the period. Glenmede Trust Co. NA grew its stake in AppLovin by 12.2% in the first quarter. Glenmede Trust Co. NA now owns 5,075 shares of the company’s stock valued at $2,020,000 after acquiring an additional 550 shares during the period. Groupama Asset Managment bought a new stake in shares of AppLovin during the first quarter valued at approximately $572,000. Finally, Verus Capital Partners LLC raised its position in shares of AppLovin by 122.7% during the first quarter. Verus Capital Partners LLC now owns 686 shares of the company’s stock worth $273,000 after purchasing an additional 378 shares during the period. Institutional investors and hedge funds own 41.85% of the company’s stock.

Analysts Set New Price Targets

APP has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on AppLovin from $500.00 to $515.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Benchmark reissued a “buy” rating on shares of AppLovin in a research note on Wednesday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $700.00 target price on shares of AppLovin in a research note on Thursday, February 12th. Wells Fargo & Company increased their price target on AppLovin from $560.00 to $571.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Finally, Scotiabank boosted their price objective on AppLovin from $750.00 to $775.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $669.62.

Insider Transactions at AppLovin

In related news, CFO Matthew Stumpf sold 9,052 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $600.00, for a total value of $5,431,200.00. Following the transaction, the chief financial officer owned 177,450 shares of the company’s stock, valued at approximately $106,470,000. This trade represents a 4.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eduardo Vivas sold 163,910 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $453.49, for a total value of $74,331,545.90. Following the sale, the director directly owned 6,969,382 shares of the company’s stock, valued at $3,160,545,043.18. This represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 347,372 shares of company stock valued at $164,641,603. Corporate insiders own 13.66% of the company’s stock.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

AppLovin Company Profile

AppLovin Corporation is a Palo Alto–based mobile technology company that provides software and services to help app developers grow and monetize their businesses. The company operates a data-driven advertising and marketing platform that connects app publishers and advertisers, delivering tools for user acquisition, monetization, analytics and creative optimization. AppLovin’s technology is integrated into a broad set of mobile applications through software development kits (SDKs) and ad products designed to maximize revenue and engagement for developers.

Key components of AppLovin’s offering include an ad mediation and exchange platform that enables publishers to manage and monetize inventory across multiple demand sources, and a user-acquisition platform that helps advertisers target and scale campaigns.