Insider Selling: Duolingo, Inc. (NASDAQ:DUOL) CEO Sells 8,000 Shares of Stock

Duolingo, Inc. (NASDAQ:DUOL) CEO Ahn Luis Von sold 8,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $434.79, for a total value of $3,478,320.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, January 15th, Ahn Luis Von sold 8,000 shares of Duolingo stock. The stock was sold at an average price of $321.00, for a total value of $2,568,000.00.
• 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 Stock Down 2.0 %

DUOL traded down $8.87 during trading on Wednesday, hitting $432.52. The stock had a trading volume of 821,480 shares, compared to its average volume of 623,119. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The company has a market capitalization of $19.03 billion, a PE ratio of 236.35 and a beta of 0.89. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $441.77. The stock has a 50 day simple moving average of $352.61 and a two-hundred day simple moving average of $300.03.

Hedge Funds Weigh In On Duolingo

Several institutional investors and hedge funds have recently modified their holdings of the business. Kensington Investment Counsel LLC boosted its stake in Duolingo by 0.5% during the 4th quarter. Kensington Investment Counsel LLC now owns 5,633 shares of the company’s stock worth $1,826,000 after purchasing an additional 30 shares during the last quarter. Lido Advisors LLC boosted its position in shares of Duolingo by 0.3% during the 4th quarter. Lido Advisors LLC now owns 10,104 shares of the company’s stock worth $3,276,000 after purchasing an additional 30 shares during the period. Mount Lucas Management LP grew its stake in shares of Duolingo by 2.4% in the third quarter. Mount Lucas Management LP now owns 1,340 shares of the company’s stock valued at $378,000 after buying an additional 32 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Duolingo by 3.1% during the third quarter. CIBC Asset Management Inc now owns 1,061 shares of the company’s stock worth $299,000 after purchasing an additional 32 shares in the last quarter. Finally, Atria Investments Inc grew its stake in shares of Duolingo by 3.9% in the fourth quarter. Atria Investments Inc now owns 1,029 shares of the company’s stock worth $334,000 after acquiring an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DUOL. Needham & Company LLC boosted their target price on shares of Duolingo from $370.00 to $385.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. UBS Group boosted their price objective on shares of Duolingo from $408.00 to $410.00 and gave the company a “buy” rating in a report on Monday, January 27th. The Goldman Sachs Group raised their target price on Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Scotiabank assumed coverage on shares of Duolingo in a report on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 price target for the company. Finally, DA Davidson boosted their target price on shares of Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Seven 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $355.55.

Duolingo Company Profile

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.