Insider Sale Director Dawson Harvey Sells 1500 Shares Of Applovin Corp App By Gurufocus

## Insider Sale: Director Dawson Harvey Sells 1,500 Shares of AppLovin Corp (APP) ### GuruFocus reports sale details AppLovin Corporation, a Los Angeles, California-based mobile marketing company, reported that its director, Dawson Harvey, sold 1,500 shares of the company's common stock on August 31, 2023 at a price of $24.13 per share. The transaction was reported on Form 4 filed with the Securities and Exchange Commission (SEC). The sale reduces Harvey's holdings in AppLovin to 183,387 shares, representing 0.26% of total outstanding shares. According to GuruFocus, Harvey's stake in the company is currently worth approximately $4.4 million. The sale is part of a larger trend of insider selling at AppLovin in recent months. In July, CEO Adam Foroughi sold 65,957 shares of the company's stock, and in June, CFO Tim Cadogan sold 20,180 shares. Analysts are divided on the significance of the insider selling. Some believe that it is a sign of concern about the company's future prospects, while others believe that it is simply a way for insiders to lock in profits. AppLovin is slated to report its third-quarter financial results on November 9, 2023. The company has been negatively impacted by the recent downturn in the advertising market, and it is expected to report a significant decline in revenue and earnings.