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 on Monday, March 17th. The shares were sold at an average price of $293.80, for a total value of $2,350,400.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Tuesday, February 18th, Ahn Luis Von sold 8,000 shares of Duolingo stock. The shares were sold at an average price of $434.79, for a total value of $3,478,320.00.
• On Wednesday, January 15th, Ahn Luis Von sold 8,000 shares of Duolingo stock. The shares were sold at an average price of $321.00, for a total value of $2,568,000.00.

Duolingo Stock Down 1.9 %

Shares of NASDAQ:DUOL traded down $5.62 during midday trading on Tuesday, hitting $288.56. 558,391 shares of the stock were exchanged, compared to its average volume of 697,908. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $441.77. The business’s fifty day simple moving average is $349.18 and its two-hundred day simple moving average is $317.89. The company has a market capitalization of $13.06 billion, a PE ratio of 157.68 and a beta of 0.92.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.19). Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm had revenue of $209.55 million for the quarter, compared to analysts’ expectations of $205.49 million. As a group, research analysts predict that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

DUOL has been the subject of a number of recent research reports. Barclays increased their price objective on Duolingo from $295.00 to $330.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. DA Davidson increased their price objective on Duolingo from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Scotiabank initiated coverage on Duolingo in a research report on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on Duolingo from $400.00 to $410.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Finally, Piper Sandler increased their target price on Duolingo from $351.00 to $390.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Duolingo currently has an average rating of “Moderate Buy” and an average price target of $376.25.

Institutional Trading of Duolingo

Several hedge funds and other institutional investors have recently modified their holdings of the company. Atria Investments Inc acquired a new position in Duolingo during the third quarter worth $279,000. GSA Capital Partners LLP acquired a new position in Duolingo during the third quarter worth $607,000. Oppenheimer Asset Management Inc. acquired a new position in Duolingo during the third quarter worth $395,000. KBC Group NV increased its position in Duolingo by 16.7% during the third quarter. KBC Group NV now owns 886 shares of the company’s stock worth $250,000 after buying an additional 127 shares during the last quarter. Finally, CIBC Asset Management Inc increased its position in 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 buying an additional 32 shares during the last quarter. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

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.