Insider Selling: Duolingo, Inc. (NASDAQ:DUOL) CEO Sells $215,000.00 in Stock

Duolingo, Inc. (NASDAQ:DUOL) CEO Ahn Luis Von sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $215.00, for a total transaction of $215,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Ahn Luis Von also recently made the following trade(s):

• On Wednesday, May 1st, Ahn Luis Von sold 12,000 shares of Duolingo stock. The shares were sold at an average price of $223.51, for a total transaction of $2,682,120.00.

Duolingo Price Performance

Shares of DUOL stock opened at $193.82 on Thursday. The firm has a market cap of $8.36 billion, a P/E ratio of 199.82 and a beta of 0.73. Duolingo, Inc. has a fifty-two week low of $121.89 and a fifty-two week high of $251.30. The business’s 50 day moving average price is $201.36 and its 200-day moving average price is $206.34. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.22 and a current ratio of 3.22.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.27. The firm had revenue of $167.70 million for the quarter, compared to analyst estimates of $165.60 million. Duolingo had a return on equity of 7.08% and a net margin of 7.82%. The business’s quarterly revenue was up 44.9% compared to the same quarter last year. During the same period last year, the company earned ($0.06) EPS. On average, equities research analysts anticipate that Duolingo, Inc. will post 1.74 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Piper Sandler restated an “overweight” rating and set a $265.00 price target (down previously from $282.00) on shares of Duolingo in a report on Friday, May 10th. JPMorgan Chase & Co. began coverage on Duolingo in a report on Monday, March 11th. They set an “overweight” rating and a $270.00 price target for the company. Needham & Company LLC upped their price objective on Duolingo from $241.00 to $267.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. DA Davidson assumed coverage on Duolingo in a research note on Thursday, June 13th. They issued a “buy” rating and a $250.00 price objective for the company. Finally, Barclays cut their price target on Duolingo from $243.00 to $230.00 and set an “equal weight” rating for the company in a research note on Thursday, May 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $246.70.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Duolingo by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 3,387,433 shares of the company’s stock valued at $747,200,000 after purchasing an additional 67,004 shares during the period. Whale Rock Capital Management LLC lifted its stake in shares of Duolingo by 23.9% in the 1st quarter. Whale Rock Capital Management LLC now owns 1,275,189 shares of the company’s stock valued at $281,281,000 after purchasing an additional 245,599 shares during the period. Wellington Management Group LLP raised its stake in Duolingo by 147.6% during the third quarter. Wellington Management Group LLP now owns 602,200 shares of the company’s stock valued at $99,887,000 after buying an additional 358,938 shares during the last quarter. Norges Bank purchased a new position in Duolingo during the fourth quarter valued at $84,042,000. Finally, Price T Rowe Associates Inc. MD raised its stake in Duolingo by 73.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 364,755 shares of the company’s stock valued at $80,459,000 after buying an additional 154,659 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

About Duolingo

Duolingo, Inc operates as a mobile learning platform in the United States, the United Kingdom, and internationally. The company offers courses in 40 different languages, including Spanish, English, French, German, Italian, Portuguese, Japanese, and Chinese through its Duolingo app. It also provides a digital English language proficiency assessment exam.