Duolingo CEO Sells Stock Worth Over $3.36 Million By Investing.com

The transactions were executed as part of a predetermined Rule 10b5-1 trading plan, which was adopted on September 11, 2024. Following these sales, Hacker retains direct ownership of 72 shares of Hacker stock. Duolingo (NASDAQ:) Class A common stock. In addition to the sales, the filing also reported that Hacker exercised stock options for 10,000 shares of Class B common stock, which were converted into Class A common stock. The option exercise price was $14.42 per share One, and these shares are now directly owned by Hacker. according to InvestingPro From analysis, the stock appears overvalued at current levels, despite showing strong momentum with a 74.39% return over the past six months. These transactions highlight Hacker’s continued involvement in Duolingo’s stock structure as a director and officer of the company. For deeper insights into Duolingo’s valuation and financial health, review our comprehensive professional research report available at InvestingPro.

The transactions were executed as part of a predetermined Rule 10b5-1 trading plan, which was adopted on September 11, 2024. Following these sales, Hacker retains direct ownership of 72 shares of Duolingo Class A common stock.

In addition to the sales, the filing also reported that Hacker exercised stock options for 10,000 shares of Class B common stock, which were converted into Class A common stock. The exercise price of the option was $14.42 per share, and these shares are now directly owned by Hacker.

These transactions highlight Hacker’s continued involvement in Duolingo’s stock structure as a director and officer of the company.

In other recent news, Duolingo Inc. announced reported strong growth in its Q3 2024 earnings call, with a significant 54% increase in daily active users and elevated guidance for the full year. The company expects bookings to grow by 36% and revenues to grow by 40%. The language learning platform has also expanded its AI video calling feature to include about half of its users, with plans for further expansion.

On the analyst front, Needham maintained a buy rating on Duolingo, raising his price target to $385 from $370, after visiting Duolingo’s new office in New York City. The company believes Duolingo’s new growth phase, driven by GenAI-powered features, justifies the premium multiple despite the stock’s current high valuation.

However, BofA Securities downgraded Duolingo from “buy” to “neutral” while increasing its price target to $375 from $355. The company indicated less upside potential as shares now trade at peak valuation. Despite the positive long-term outlook, BofA Securities downgraded its rating.

These are among the latest developments by Duolingo, which is focused on expanding English learning content and functionality, especially for Android users. The company’s strategies, including using GenAI to attract new English language learners, are key drivers of its growth.

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