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AppLovin's stock surged after it beat Q4 earnings expectations, though insiders have been selling.
AppLovin's stock rose 4.9% on Monday, reaching $359.70, after the company reported Q4 earnings of $1.73 per share, beating expectations by $0.61.
Several analysts have raised their ratings and price targets, with an average target of $452.29 and a "Moderate Buy" rating.
Despite recent insider sales, institutional investors hold 41.85% of the stock.
AppLovin provides software solutions for advertisers to enhance their content marketing and monetization.
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Las acciones de AppLovin se incrementaron después de superar las expectativas de ganancias del Q4, aunque los internautas han estado vendiendo.