Ahn Luis Von Sells 8,000 Shares of Duolingo, Inc. (NASDAQ:DUOL) Stock

Duolingo, Inc. (NASDAQ:DUOL) CEO Ahn Luis Von sold 8,000 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $321.00, for a total value of $2,568,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, December 12th, Ahn Luis Von sold 41,759 shares of Duolingo stock. The stock was sold at an average price of $340.29, for a total value of $14,210,170.11.

Duolingo Price Performance

Shares of Duolingo stock opened at $351.13 on Friday. The business has a 50 day simple moving average of $337.06 and a two-hundred day simple moving average of $268.90. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $378.48. The stock has a market capitalization of $15.44 billion, a P/E ratio of 191.88 and a beta of 0.87. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09.

Duolingo (NASDAQ:DUOL) last announced its earnings results on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.14. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The business had revenue of $192.59 million during the quarter, compared to analysts’ expectations of $189.19 million. During the same quarter in the prior year, the firm earned $0.06 earnings per share. The business’s revenue was up 39.9% compared to the same quarter last year. As a group, analysts predict that Duolingo, Inc. will post 2.02 EPS for the current fiscal year.

Institutional Investors Weigh In On Duolingo

Several hedge funds and other institutional investors have recently made changes to their positions in DUOL. True Wealth Design LLC acquired a new stake in shares of Duolingo in the third quarter valued at approximately $26,000. First Horizon Advisors Inc. acquired a new stake in shares of Duolingo in the third quarter valued at approximately $29,000. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Duolingo in the second quarter valued at approximately $36,000. Farther Finance Advisors LLC increased its holdings in shares of Duolingo by 164.6% in the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after purchasing an additional 79 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Duolingo by 50.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 180 shares of the company’s stock valued at $58,000 after purchasing an additional 60 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

DUOL has been the topic of a number of recent research reports. DA Davidson upped their target price on Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. increased their price target on Duolingo from $360.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. JMP Securities downgraded Duolingo from an “outperform” rating to a “market perform” rating in a research report on Monday, October 14th. Bank of America downgraded Duolingo from a “buy” rating to a “neutral” rating and increased their price target for the stock from $355.00 to $375.00 in a research report on Wednesday, December 11th. Finally, Needham & Company LLC increased their price target on Duolingo from $370.00 to $385.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $353.90.

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.