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PITTSBURGH—Robert Meese, Chief Business Officer at Duolingo , Inc. (NASDAQ:DUOL), recently sold a portion of his holdings in the company. According to a recent SEC filing, Meese disposed of 1,272 shares of Class A Common Stock on February 18, at a price of $435.28 per share, totaling approximately $553,676. The transaction comes as Duolingo’s stock trades near its 52-week high of $441.76, having delivered an impressive 140% return over the past year.
Following this transaction, Meese holds 139,156 shares directly. Additionally, he maintains indirect ownership of 1,800 shares through trusts for family members, as noted in the filing. The shares were sold to cover tax obligations related to the vesting of Restricted Stock Units (RSUs). According to InvestingPro data, Duolingo maintains strong financial health with impressive gross profit margins of 73%. InvestingPro subscribers have access to over 20 additional key insights about DUOL’s valuation and growth prospects.
In other recent news, Duolingo Inc. has expanded its AI-driven Video Call feature to Android users, adding support for five new languages, which enhances the learning experience by simulating natural conversations with an AI character. This development is part of Duolingo’s ongoing efforts to provide advanced language learning tools. UBS has raised its price target for Duolingo to $410 while maintaining a Buy rating, anticipating moderate growth in daily active users and conservative guidance on future bookings. Jefferies initiated coverage with a Hold rating and a $370 price target, acknowledging Duolingo’s historical growth but expressing concerns about future expansion into new user segments.
JP Morgan reiterated an Overweight rating with a $400 price target, highlighting optimism about the expanded Video Call feature and its potential to increase user engagement and teaching effectiveness. The firm projects significant growth in paid subscribers for Duolingo’s Max product, estimating substantial revenue contributions in the coming years. KeyBanc maintains a Sector Weight rating, noting Duolingo’s strong position in the market and effective use of AI for product development and cost management. The analysts at KeyBanc also observed a decline in gross margins attributed to AI costs but expressed confidence in Duolingo’s ability to manage these expenses. These developments reflect Duolingo’s strategic focus on innovation and growth in the language learning sector.
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