Duolingo CFO Matthew Skaruppa sells $1.62 million in inventory

Matthew Skaruppa, the Chief Monetary Officer of Duolingo , Inc. (NASDAQ:DUOL), not too long ago bought shares value roughly $1.62 million, in line with a current SEC submitting. The gross sales passed off on January 2, 2025, involving a number of transactions with costs starting from $321.456 to $328.53 per share. The inventory has proven outstanding energy, gaining over 76% previously six months, with the present market capitalization reaching $14.95 billion. In response to InvestingPro evaluation, the corporate maintains spectacular gross revenue margins of 73%.

Along with these gross sales, Skaruppa exercised inventory choices to amass 5,000 shares at a worth of $14.42 per share. Following these transactions, he holds 67,730 shares of Duolingo inventory. The gross sales had been executed beneath a pre-established Rule 10b5-1 buying and selling plan adopted in Could 2024. With a “GREAT” monetary well being rating from InvestingPro and 15+ extra unique insights obtainable, traders can entry complete evaluation of Duolingo’s monetary efficiency and valuation via the platform’s detailed Professional Analysis Report.

In different current information, Duolingo Inc. has seen important developments. The language studying platform reported a considerable improve in every day lively customers (DAUs) throughout its Third Quarter 2024 Earnings Name, with a 54% progress year-over-year. The corporate additionally raised its full-year steering, forecasting bookings progress of 36% and income progress of 40%. Duolingo’s new AI-powered video name characteristic, a part of the Duolingo Max subscription tier, has been launched to about half of its customers, with plans to develop additional.

Within the analyst world, Needham maintained a Purchase score on Duolingo and elevated the worth goal to $385, citing the corporate’s new progress part pushed by GenAI-powered options. BofA Securities, nevertheless, downgraded Duolingo to Impartial attributable to much less upside potential, regardless of recognizing the agency’s high-quality standing and constant progress trajectory.

These current developments spotlight Duolingo’s strategic concentrate on increasing its person base and enhancing its choices, backed by superior expertise and progressive options. The corporate’s progress prospects and potential for margin growth have been acknowledged by analysts, regardless of differing views on the corporate’s present valuation.

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