A company insider recently sold 15,000 shares of Apollo Global Management Inc. [APO]. Should You Sale?


Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Apollo Global Management Inc. shares valued at $1,051,694 were sold by Kelly Martin on Feb 22. At $70.11 per share, Kelly Martin sold 15,000 shares. The insider’s holdings dropped to 425,120 shares worth approximately $30.77 million following the completion of this transaction.

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Also, Kelly Martin sold 30,000 shares, netting a total of over 2,113,101 in proceeds. Following the sale of shares at $70.44 each, the insider now holds 414,241 shares.

Before that, Suydam John J had sold 33,334 shares from its account. In a trade valued at $2,400,048, the Chief Legal Officer traded Apollo Global Management Inc. shares for $72.00 each. Upon closing the transaction, the insider’s holdings decreased to 33,334 shares, worth approximately $20.05 million.

As published in a research note from Keefe Bruyette on February 10, 2023, Apollo Global Management Inc. [APO] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $88 from $84. This represents a 17.75% premium over Thursday’s closing price. Analysts at Keefe Bruyette downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in early January. As of October 19, 2022, Credit Suisse has initiated its “an Outperform” rating for APO. Earlier on September 23, 2022, BofA Securities upgraded its rating. Their new recommendation was “a Neutral” for APO stock which previously was a “an Underperform”.

Analyzing APO Stock Performance

On Thursday, Apollo Global Management Inc. [NYSE: APO] rose 0.61% to $72.38. The stock’s lowest price that day was $69.75, but it reached a high of $72.595 in the same session. During the last five days, there has been a surge of approximately 1.64%. Over the course of the year, Apollo Global Management Inc. shares have jumped approximately 13.47%. Shares of the company reached a 52-week high of $74.63 on 02/08/23 and a 52-week low of $62.17 on 01/03/23. A 50-day SMA is recorded $68.42, while a 200-day SMA reached $59.14. Nevertheless, trading volume fell to 1.94 million shares from 2.17 million shares the previous day.

Support And Resistance Levels for Apollo Global Management Inc. (APO)

According to the 24-hour chart, there is a support level at 70.56, which, if violated, would cause prices to drop to 68.73. In the upper region, resistance lies at 73.40. The next price resistance is at 74.42. RSI (Relative Strength Index) is 57.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.55, which suggests the price will decrease in the coming days. Percent R is at 13.97%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Apollo Global Management Inc. subject to short interest?

Stocks of Apollo Global Management Inc. saw a sharp rise in short interest on Jan 30, 2023 jumping by 0.0 shares to 8.58 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 8.58 million shares.

Which companies own the most shares of Apollo Global Management Inc. (APO)?

According to The Vanguard Group, Inc. filings, the company currently owns 34,812,123 shares, which is about 6.08% of the total APO shares outstanding. The investor’s shares have appreciated by 813,211 from its previous 13-F filing of 33998912.0 shares. With the completion of the sale transaction, Capital Research & Management Co’s stake is now worth $2,162,002,563. BlackRock Fund Advisors acquire a 14.32% interest valued at $1.22 billion while Capital Research & Management Co sold a -2,142,407 stake. A total of -101,658 shares of Apollo Global Management Inc. were sold by SSgA Funds Management, Inc. during the quarter, and -146,259 were sold by ClearBridge Investments LLC. In its current portfolio, Brave Warrior Advisors LLC holds 7,935,934 shares valued at $561.71 million.

In terms of Apollo Global Management Inc. share price expectations, FactSet research, analysts set an average price target of $78.54 in the next 12 months, up nearly 9.81% from the previous closing price of $71.94. Analysts anticipate Apollo Global Management Inc. stock to reach $90.00 by 2023, with the lowest price target being $67.00. In spite of this, 16 analysts ranked Apollo Global Management Inc. stock as an Overweight at the end of 2023. On August 31, 2022, Barclays assigned a price target of “an Overweight” to the stock and initiated coverage with a $70.


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