Insider Selling: Duolingo, Inc. (NASDAQ:DUOL) CFO Sells 4,464 Shares of Stock

Duolingo, Inc. (NASDAQ:DUOL) CFO Matthew Skaruppa sold 4,464 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $313.55, for a total transaction of $1,399,687.20. Following the completion of the transaction, the chief financial officer now directly owns 63,266 shares of the company’s stock, valued at $19,837,054.30. The trade was a 6.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Matthew Skaruppa also recently made the following trade(s):

• On Thursday, January 2nd, Matthew Skaruppa sold 5,000 shares of Duolingo stock. The stock was sold at an average price of $324.48, for a total transaction of $1,622,400.00.

Duolingo Trading Up 2.4 %

Shares of DUOL opened at $319.98 on Thursday. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $378.48. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The firm’s fifty day moving average is $336.04 and its two-hundred day moving average is $266.40. The stock has a market cap of $14.07 billion, a PE ratio of 174.85 and a beta of 0.87.

Duolingo (NASDAQ:DUOL) last announced its earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.14. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The company had revenue of $192.59 million for the quarter, compared to analysts’ expectations of $189.19 million. During the same quarter in the previous year, the company posted $0.06 EPS. The firm’s quarterly revenue was up 39.9% on a year-over-year basis. Research analysts forecast that Duolingo, Inc. will post 2.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on DUOL shares. JMP Securities lowered shares of Duolingo from an “outperform” rating to a “market perform” rating in a research report on Monday, October 14th. Seaport Res Ptn lowered shares of Duolingo from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Barclays lifted their target price on shares of Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a report on Thursday, November 7th. The Goldman Sachs Group lifted their target price on shares of Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, UBS Group lifted their target price on shares of Duolingo from $355.00 to $408.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $353.90.

Institutional Investors Weigh In On Duolingo

Hedge funds have recently modified their holdings of the company. Dragoneer Investment Group LLC purchased a new stake in shares of Duolingo in the second quarter valued at about $204,768,000. Charles Schwab Investment Management Inc. lifted its position in Duolingo by 42.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company’s stock valued at $96,530,000 after buying an additional 101,653 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in Duolingo by 23.7% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 67,114 shares of the company’s stock valued at $14,005,000 after buying an additional 12,860 shares during the last quarter. Lisanti Capital Growth LLC lifted its position in Duolingo by 17.8% in the third quarter. Lisanti Capital Growth LLC now owns 11,645 shares of the company’s stock valued at $3,284,000 after buying an additional 1,760 shares during the last quarter. Finally, Rockefeller Capital Management L.P. acquired a new position in Duolingo in the third quarter valued at about $4,350,000. 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.