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Gillian Munson, a director at Duolingo Inc. (NASDAQ:DUOL), recently executed a significant stock transaction involving the company’s Class A common stock. On March 20, Munson sold 5,000 shares at a price of $310 each, amounting to a total of $1.55 million. The language learning technology company, currently valued at $14.1 billion, has demonstrated impressive revenue growth of 41% over the last twelve months. According to InvestingPro analysis, the company maintains strong financial health with a GREAT overall score. This transaction was carried out under her Rule 10b5-1 trading plan, which she adopted on December 7, 2024.
In addition to the sale, Munson also exercised stock options, acquiring 5,000 shares at a price of $8.15 per share. The options, which are fully vested and exercisable, resulted in a total transaction value of $40,750. Following these transactions, Munson holds 3,530 shares of Duolingo directly.
In other recent news, Duolingo Inc. reported its fourth-quarter earnings for 2024, with revenue reaching $209.6 million, surpassing the forecast of $205 million. Despite this, the company’s stock fell by 7.19% in aftermarket trading, reflecting investor concerns. Analysts at Needham, DA Davidson, and Piper Sandler have raised their price targets for Duolingo to $400, with DA Davidson’s Wyatt Swanson noting that the company’s fourth-quarter earnings exceeded expectations. Piper Sandler also highlighted the company’s significant bookings growth and modest surpassing of revenue expectations.
JPMorgan has increased its price target for Duolingo to $410, maintaining an Overweight rating, and expressed optimism about the company’s growth trajectory, particularly with its AI-driven features. Analysts at Needham remain positive about Duolingo’s prospects, despite a weaker-than-anticipated adjusted EBITDA forecast for 2025. Duolingo’s new subscription service, Duolingo Max, has been identified as a significant contributor to the company’s revenue growth, with Max now representing 5% of total subscribers.
Duolingo aims to surpass $1 billion in bookings in 2025, with expectations of a 25% growth in bookings. The company has outlined three key priorities for 2025, including leveraging GenAI technology to enhance the Video Call learning experience. Additionally, Duolingo’s expansion into math and music courses is showing promise, with 3 million daily active users reported in these areas.
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