Matthew Skaruppa, the Chief Financial Officer of Duolingo , Inc. (NASDAQ:DUOL), recently sold shares worth approximately $1.62 million, according to a recent SEC filing. The sales took place on January 2, 2025, involving multiple transactions with prices ranging from $321.456 to $328.53 per share. The stock has shown remarkable strength, gaining over 76% in the past six months, with the current market capitalization reaching $14.95 billion. According to InvestingPro analysis, the company maintains impressive gross profit margins of 73%.
In addition to these sales, Skaruppa exercised stock options to acquire 5,000 shares at a price of $14.42 per share. Following these transactions, he holds 67,730 shares of Duolingo stock. The sales were executed under a pre-established Rule 10b5-1 trading plan adopted in May 2024. With a "GREAT" financial health score from InvestingPro and 15+ additional exclusive insights available, investors can access comprehensive analysis of Duolingo's financial performance and valuation through the platform's detailed Pro Research Report.
In other recent news, Duolingo Inc. has seen significant developments. The language learning platform reported a substantial increase in daily active users (DAUs) during its Third Quarter 2024 Earnings Call, with a 54% growth year-over-year. The company also raised its full-year guidance, forecasting bookings growth of 36% and revenue growth of 40%. Duolingo's new AI-powered video call feature, part of the Duolingo Max subscription tier, has been introduced to about half of its users, with plans to expand further.
In the analyst world, Needham maintained a Buy rating on Duolingo and increased the price target to $385, citing the company's new growth phase driven by GenAI-powered features. BofA Securities, however, downgraded Duolingo to Neutral due to less upside potential, despite recognizing the firm's high-quality status and consistent growth trajectory.
These recent developments highlight Duolingo's strategic focus on expanding its user base and enhancing its offerings, backed by advanced technology and innovative features. The company's growth prospects and potential for margin expansion have been acknowledged by analysts, despite differing views on the company's current valuation.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.