Duolingo CFO sells $1.43 million in stock

Published 20/02/2025, 23:10
Duolingo CFO sells $1.43 million in stock

Matthew Skaruppa, Chief Financial Officer of Duolingo , Inc. (NASDAQ:DUOL), recently sold 3,284 shares of the company’s Class A Common Stock. The transaction, which took place on February 18, 2025, was valued at approximately $1.43 million, with shares sold at a price of $435.28 each. The language learning platform, now valued at $18.6 billion, has demonstrated impressive growth with revenue increasing 42% in the last twelve months and maintaining robust gross margins of 73%.

This sale was conducted to satisfy tax withholding obligations related to the vesting of Restricted Stock Units (RSUs). Following this transaction, Skaruppa holds 59,982 shares of Duolingo. According to InvestingPro analysis, the stock appears to be trading above its Fair Value, with 20 key insights available for subscribers, including detailed valuation metrics and growth projections.

In other recent news, Duolingo has expanded its AI-driven Video Call feature to Android users, adding support for five new languages. This development is part of the company’s ongoing efforts to enhance language proficiency through advanced learning tools. UBS has raised its price target for Duolingo shares to $410, maintaining a Buy rating, as the firm expects moderate growth in daily active users and anticipates further insights into the adoption of the Max subscription service. Meanwhile, Jefferies has initiated coverage with a Hold rating and a $370 price target, citing Duolingo’s growth record but expressing concerns about future expansion into new user segments.

JP Morgan continues to maintain an Overweight rating with a $400 price target, optimistic about the Video Call feature’s potential to boost user engagement and teaching effectiveness. The firm projects significant growth in paid subscribers for Duolingo’s Max product, which could substantially contribute to the company’s revenue. KeyBanc has reiterated a Sector Weight rating, focusing on Duolingo’s use of AI and product innovation as strengths, despite a noted decline in gross margins due to AI costs. Analysts suggest that AI advancements could unlock further monetization opportunities for Duolingo.

These recent developments highlight the company’s strategic moves and the varied perspectives of analysts regarding its growth potential and market position.

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