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PITTSBURGH—Severin Hacker, the Chief Technology Officer and Co-Founder of Duolingo , Inc. (NASDAQ:DUOL), recently sold a significant portion of his holdings in the language-learning company. According to a recent SEC filing, Hacker sold shares worth approximately $2.9 million. The transaction comes as Duolingo, currently valued at $12.28 billion, maintains strong financial health according to InvestingPro analysis.
The sales occurred on March 5, 2025, and involved various transactions with prices ranging from $286.163 to $294.74 per share. Following these transactions, Hacker retains ownership of 72 shares of Class A Common Stock.
In addition to the sales, Hacker also acquired 10,000 shares through a conversion transaction at a price of $14.42 per share, amounting to a total of $144,200. This transaction reflects his ongoing involvement and vested interest in Duolingo’s growth and performance.
These transactions were executed as part of Hacker’s Rule 10b5-1 trading plan, adopted in September 2024. This plan allows insiders of publicly traded corporations to set up a predetermined schedule for selling stocks they own, reducing concerns about insider trading.
Duolingo, known for its popular language-learning platform, continues to expand its user base and develop new educational tools, maintaining its position as a leader in the edtech industry.
In other recent news, Duolingo Inc. reported its fourth-quarter earnings for 2024, revealing a revenue of $209.6 million, which exceeded market expectations of $205 million. Despite this positive outcome, the company’s stock experienced a decline of 7.19% in aftermarket trading. Analysts from various firms have responded with updates to their price targets for Duolingo. JPMorgan raised its target to $410, maintaining an Overweight rating, while DA Davidson, Needham, and Piper Sandler all increased their targets to $400, with Piper Sandler setting theirs slightly lower at $390, all retaining Buy or Overweight ratings.
JPMorgan highlighted Duolingo’s growth potential, particularly with its AI-driven product cycle and the Max feature, which is expected to significantly increase its paid subscriber base. DA Davidson noted that Duolingo’s fourth-quarter earnings exceeded expectations, emphasizing the company’s growth in mature markets and the impact of the Duolingo Max subscription service on revenue growth. Needham pointed out Duolingo’s impressive growth in daily active users and subscription bookings, expressing optimism about the company’s strategic investments in GenAI-powered functionalities. Piper Sandler praised Duolingo’s revenue and bookings growth, noting the strong uptake of the Duolingo Max premium offering and the expansion into new areas like math and music courses.
These developments suggest that Duolingo is focusing on leveraging AI technology to enhance its offerings and expand its market presence, with analysts remaining optimistic about its growth trajectory.
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