In a week of market volatility, the adtech sector was on fire this week after a down week to start April. The recovery is no surprise, as investors got a bit of good news from the Trump administration -- at least relative to what we knew a week ago.According to data provided by S&P Global Market Intelligence, shares of AppLovin (APP -4.81%) were up as much as 19.9%, Reddit (RDDT -1.42%) jumped 17%, and Spotify (SPOT -1.03%) was up 12.7%. The stocks were up 13.9%, 15.1%, and 8.4%, respectively, for the week ...

NEW YORK, April 11, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in AppLovin Corporation ("AppLovin" or the "Company") (NASDAQ: APP) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of AppLovin investors who were adversely affected by alleged securities fraud between May 10, 2023 and February 25, 2025. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/applovin-corporation-lawsuit ...

Company Overview - AppLovin is an ad tech company that utilizes AI for mobile and connected TV campaigns, and is beta testing a product for e-commerce brands [4] - Datadog is a leader in observability and digital experience monitoring software, providing tools for performance monitoring of critical applications and infrastructure [9] AppLovin Financial Performance - AppLovin reported a 44% increase in revenue to $1.4 billion and a 253% rise in GAAP earnings to $0.49 per diluted share for the fourth quarter [6] - The company’s e-commerce advertising product has reached a billion-dollar run rate within months [6] - Wall Street anticipates a 47% increase in AppLovin's earnings by 2025, making its current valuation of 59 times earnings appear reasonable [8] AppLovin Market Position - AppLovin stock is currently 48% below its record high, with a median target price of $550 per share from analysts, indicating a potential 108% upside from the recent price of $264 [11] Datadog Financial Performance - Datadog's revenue rose 25% to $738 million, with a 10% increase in customers to 30,000 and a more than 10% rise in average spend per existing customer [12] - Non-GAAP net income increased 11% to $0.49 per diluted share, although management's full-year guidance disappointed investors [12] Datadog Market Position - Datadog stock is 44% below its record high, with a median target price of $160 per share from analysts, suggesting a 72% upside from the recent price of $93 [11] - The stock currently trades at 12.4 times sales, significantly lower than its three-year average of 18.6 times sales, presenting a buying opportunity for long-term investors [14] Industry Trends - The demand for observability software is expected to grow as cloud computing and AI technologies increase infrastructure complexity [10] - Datadog is focusing on LLM Observability, which is tailored for large language models and generative AI, indicating a strategic alignment with emerging technology trends [10]

Core Viewpoint - A class action lawsuit has been filed against AppLovin Corporation for allegedly manipulating advertising data and inflating financial figures during the Class Period from May 10, 2023, to February 25, 2025 [1][3][4] Group 1: Lawsuit Details - The lawsuit is filed in the U.S. District Court for the Northern District of California on behalf of investors who acquired AppLovin securities during the specified Class Period [1] - Investors have until May 5, 2025, to apply to be appointed as lead plaintiff in the lawsuit [1] Group 2: Allegations Against AppLovin - Reports from Fuzzy Panda Research and Culper Research allege that AppLovin engaged in reverse engineering and exploitation of advertising data from Meta Platforms [3] - The company is accused of using manipulative practices to artificially inflate ad click-through and app download rates, including self-clicking ads and forced shadow downloads [3] - Following these allegations, AppLovin's share price dropped by $46.06, or approximately 12%, from $377.06 to $331.00 on February 26, 2025 [3] Group 3: Company Performance Claims - The complaint alleges that AppLovin provided misleading information regarding its financial growth and stability, particularly related to the launch of its AXON 2.0 digital ad platform and the use of AI technologies [4] - The company claimed to be enhancing the efficiency of matching advertisements to mobile games and expanding into web-based marketing and e-commerce [4]

Core Viewpoint - Securities class action lawsuits have been filed against AppLovin Corporation for allegedly making false and misleading statements regarding its business practices and financial performance during the specified Class Period from May 10, 2023, to February 25, 2025 [1][2]. Group 1: Allegations Against AppLovin - Defendants are accused of misrepresenting the company's reliance on fraudulent advertising practices, including "clickjacking" and "click spoofing" [2]. - The complaints allege that AppLovin's advertising and e-commerce program involved intercepting and appropriating advertising attribution credit [2]. - It is claimed that AppLovin employed a backdoor installation scheme to force unwanted apps on customers, leading to inflated revenue figures [2]. - As a result of these practices, statements made by the defendants regarding the company's business, operations, and prospects were deemed materially false and misleading [2]. Group 2: Lead Plaintiff Process - Investors in AppLovin have until May 5, 2025, to seek appointment as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel [3]. - A lead plaintiff acts on behalf of all class members and is typically the investor or small group of investors with the largest financial interest [3]. - The decision to serve as a lead plaintiff does not affect an investor's ability to share in any recovery from the lawsuit [3]. Group 3: Firm Background - Kessler Topaz Meltzer & Check, LLP has a reputation for prosecuting class actions and has recovered billions for victims of corporate misconduct [4]. - The firm aims to protect investors, consumers, and employees from fraud and negligence by businesses [4].

Core Insights - AppLovin Corporation (APP) and UiPath Inc. (PATH) are leveraging artificial intelligence to enhance their respective sectors, with AppLovin focusing on mobile ad tech and UiPath on robotic process automation [1][2] Group 1: AppLovin - AppLovin is integrating AI into its ad tech platform, which provides a competitive advantage as mobile advertisers seek performance-based solutions [3] - The company is transitioning to a pure-play advertising platform, highlighted by the $900 million sale of its gaming unit to Tripledot Studios, allowing it to focus on ad technology [4] - In Q4 2024, AppLovin's revenues increased by 44% year-over-year, with adjusted EBITDA rising by 78% year-over-year and net income soaring by 248% [5] - The Zacks Consensus Estimate for AppLovin's 2025 sales indicates a 20% year-over-year growth, with EPS expected to grow by 51% [9] Group 2: UiPath - UiPath is a leader in the RPA market, which is projected to grow significantly, positioning the company to benefit from the demand for AI-driven automation solutions [6] - In Q4 of fiscal 2025, UiPath's revenue increased by 5% year-over-year to $424 million, with annual recurring revenues reaching $1.67 billion, reflecting a 14% growth [7] - UiPath's valuation is more attractive than AppLovin's, trading at a forward sales multiple of 3.51X compared to AppLovin's 13.4X [12] Group 3: Comparative Analysis - AppLovin is viewed as a stronger investment opportunity due to its accelerating revenue growth and rising profitability, while UiPath remains a solid contender in enterprise automation [13]

Core Viewpoint - AppLovin Corporation is facing a class action lawsuit for alleged violations of the Securities Exchange Act of 1934, with claims that the company misled investors regarding its advertising platform and practices [1][3]. Group 1: Lawsuit Details - The class action lawsuit, titled Quiero v. AppLovin Corporation, Inc., covers purchasers of AppLovin securities from May 10, 2023, to February 25, 2025, with a deadline of May 5, 2025, for seeking lead plaintiff status [1][5]. - Allegations include that AppLovin falsely represented its AXON 2.0 digital ad platform and AI technologies as effective tools for matching ads to mobile games, while actually engaging in manipulative practices [3][4]. Group 2: Allegations Against AppLovin - Reports emerged on February 26, 2025, claiming that AppLovin was reverse engineering advertising data from Meta Platforms and using deceptive methods to inflate ad performance metrics [4]. - The lawsuit alleges that AppLovin's practices included forcing unwanted app installations and artificially inflating installation numbers, which misrepresented the company's financial performance [3][4]. Group 3: Legal Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased AppLovin securities during the class period to seek lead plaintiff status, which involves directing the lawsuit on behalf of all class members [5]. - The lead plaintiff can choose a law firm to represent the class, and participation as lead plaintiff does not affect the ability to share in any potential recovery [5]. Group 4: Law Firm Background - Robbins Geller Rudman & Dowd LLP is a prominent law firm specializing in securities fraud cases, having secured over $6.6 billion for investors in class action cases [6]. - The firm has been recognized for its significant recoveries, including the largest securities class action recovery in history at $7.2 billion in the Enron case [6].

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PHILADELPHIA, April 8, 2025 /PRNewswire/ -- Berger Montague PC advises investors that a securities class action lawsuit has been filed against AppLovin Corporation ("AppLovin" or the "Company") (NASDAQ: APP) on behalf of purchasers of AppLovin securities between May 10, 2023 through February 25, 2025, inclusive (the "Class Period").Investor Deadline: Investors who purchased or acquired AppLovin securities during the Class Period may, no later than MAY 5, 2025, seek to be appointed as a lead plaintiff repres ...

Shares of AppLovin (APP 3.79%) were surging today after the adtech stock caught a tailwind from the broader market recovery on hopes for a détente in the trade war, and as one Wall Street analyst weighed in on the stock with a positive note.As of 10:32 a.m. ET, the stock was up 9.8%, while the S&P 500 (^GSPC 1.78%) had gained 3.7%. AppLovin gets a boostAfter a two-day swoon last week on President Trump's global tariffs that sent the Nasdaq Composite (^IXIC 1.69%) into a bear market, the market seemed to be ...