Duolingo, Inc. (NASDAQ:DUOL) General Counsel Sells $898,087.68 in Stock

Duolingo, Inc. (NASDAQ:DUOL) General Counsel Stephen C. Chen sold 2,064 shares of Duolingo stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total value of $898,087.68. Following the completion of the transaction, the general counsel now directly owns 34,634 shares of the company’s stock, valued at $15,069,946.08. This represents a 5.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Duolingo Trading Down 8.6 %

NASDAQ DUOL opened at $385.35 on Friday. The business’s 50-day moving average price is $356.96 and its two-hundred day moving average price is $303.37. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $441.77. The firm has a market capitalization of $16.95 billion, a PE ratio of 210.57 and a beta of 0.89. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Jefferies Financial Group assumed coverage on Duolingo in a report on Friday, January 24th. They set a “hold” rating and a $370.00 price target for the company. The Goldman Sachs Group boosted their price target on Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Seaport Res Ptn cut Duolingo from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Barclays boosted their price target on Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th. Finally, Piper Sandler boosted their price objective on Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $355.55.

Institutional Investors Weigh In On Duolingo

Institutional investors have recently made changes to their positions in the stock. Catalyst Capital Advisors LLC bought a new stake in shares of Duolingo in the 4th quarter valued at about $1,994,000. Lecap Asset Management Ltd. acquired a new position in shares of Duolingo in the 4th quarter valued at about $429,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Duolingo by 42.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company’s stock valued at $96,530,000 after purchasing an additional 101,653 shares during the period. Lisanti Capital Growth LLC lifted its stake in shares of Duolingo by 17.8% in the 3rd quarter. Lisanti Capital Growth LLC now owns 11,645 shares of the company’s stock valued at $3,284,000 after purchasing an additional 1,760 shares during the period. Finally, Rockefeller Capital Management L.P. acquired a new position in shares of Duolingo in the 3rd quarter valued at about $4,350,000. Institutional investors own 91.59% of the company’s stock.

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.