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AppLovin reported strong Q4 earnings and revenue growth despite significant insider sales.
AppLovin Co. (NASDAQ:APP) saw increased institutional investment in Q4, with Polianta Ltd acquiring 3,700 shares and Oak Ridge Investments LLC investing $5.77 million.
The company reported strong earnings of $1.25 per share, beating estimates, and a revenue increase of 38.6% to $1.20 billion.
Despite insider sales totaling $284.8 million, analysts maintain a "Moderate Buy" rating with a target price of $338.06.
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AppLovin reportó fuertes ganancias Q4 y crecimiento de ingresos a pesar de las significativas ventas de información privilegiada.