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Insider Sell: Duolingo Inc CFO Matthew Skaruppa Sells 2,698 Shares

GuruFocus Research
·1-min read

Matthew Skaruppa, the CFO of Duolingo Inc (NASDAQ:DUOL), executed a sale of 2,698 shares in the company on February 20, 2024, according to a recent SEC Filing. Duolingo Inc is known for its innovative platform that offers language learning, literacy, and English test preparation services. The company's technology-driven approach to language education allows users worldwide to learn new languages through its website and mobile applications.

The transaction occurred at a price of $179.51 per share, which resulted in a total value of $484,073.98. Following this transaction, the insider's activity over the past year includes the sale of 78,961 shares and no recorded purchases.

The insider transaction history at Duolingo Inc indicates a pattern of sales by insiders over the past year, with a total of 59 insider sells and no insider buys. This trend can be visualized in the following insider trend image.

Insider Sell: Duolingo Inc CFO Matthew Skaruppa Sells 2,698 Shares
Insider Sell: Duolingo Inc CFO Matthew Skaruppa Sells 2,698 Shares

With the shares trading at $179.51 on the day of the sale, Duolingo Inc's market cap stands at $7.442 billion. The insider's recent sale contributes to the ongoing discussion of insider trading patterns, which is often looked at by investors for insights into a company's performance and stock valuation.

For more detailed information on insider trades at Duolingo Inc, interested parties can refer to the SEC filings and the comprehensive data provided by financial analysis platforms.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

This article first appeared on GuruFocus.