PITTSBURGH—Natalie Glance, Chief Engineering Officer at Duolingo , Inc. (NASDAQ:DUOL), has sold shares totaling $553,997, according to a recent SEC filing. The transactions, executed on December 6, involved the sale of 1,500 shares of Duolingo's Class A Common Stock at prices ranging from $367.97 to $371.86 per share. The language-learning platform, currently valued at $15.9 billion, has demonstrated impressive revenue growth of 42.47% over the last twelve months.
Following these transactions, Glance holds 132,239 shares directly. This sale was conducted under a pre-established 10b5-1 trading plan, which allows insiders to set up a predetermined schedule for selling company stock in compliance with insider trading laws. According to InvestingPro analysis, Duolingo is trading above its Fair Value, with the stock currently near its 52-week high of $378.48.
Duolingo, known for its popular language-learning app, continues to be a focal point for investors, with insider transactions like these drawing interest from the market. InvestingPro data shows the company maintains impressive gross profit margins of 73.13%, with 18 additional ProTips available for subscribers seeking deeper insights into this high-growth tech stock.
In other recent news, Duolingo Inc. has reported substantial growth in its third quarter 2024 earnings call. The language-learning platform has shown a 54% year-over-year increase in daily active users (DAUs) and raised its full-year guidance. The company predicts a 36% rise in bookings and a 40% increase in revenue. Duolingo's new AI-powered video call feature, a part of the Duolingo Max subscription tier, has been introduced to about half of its users, with plans for further expansion. The company also lifted its adjusted EBITDA margin guidance to 25.5% for the year.
Duolingo is focusing on content for intermediate and advanced English learners, which has engaged over 2 million DAUs. The company's management is confident in maintaining high growth rates and plans to invest in R&D. Despite challenges with Android users monetizing less effectively than iPhone users, Duolingo sees growth potential in re-engaging lapsed users.
These are recent developments that highlight Duolingo's strategic focus on enhancing content for English learners and expanding its subscription offerings. The company is banking on the appeal of advanced features to drive future growth, even with some uncertainty around long-term subscription ratios. Without any significant misses reported in the earnings call, Duolingo is poised for continued expansion in the global language learning market.
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