Insider Selling: Duolingo, Inc. (NASDAQ:DUOL) CFO Sells 5,000 Shares of Stock

Duolingo, Inc. (NASDAQ:DUOL) CFO Matthew Skaruppa sold 5,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $324.48, for a total value of $1,622,400.00. Following the transaction, the chief financial officer now owns 67,730 shares of the company’s stock, valued at $21,977,030.40. The trade was a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Duolingo Trading Up 4.4 %

Shares of DUOL traded up $14.18 during midday trading on Friday, hitting $340.06. The stock had a trading volume of 344,099 shares, compared to its average volume of 405,199. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $378.48. The firm has a market cap of $14.96 billion, a PE ratio of 185.83 and a beta of 0.85. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The stock’s 50 day moving average is $331.35 and its 200 day moving average is $259.10.

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

Analysts Set New Price Targets

DUOL has been the subject of several recent analyst reports. Seaport Res Ptn cut Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Bank of America downgraded Duolingo from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $355.00 to $375.00 in a report on Wednesday, December 11th. Piper Sandler upped their target price on shares of Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. DA Davidson lifted their price target on shares of Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Needham & Company LLC increased their price objective on shares of Duolingo from $370.00 to $385.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $353.90.

Institutional Investors Weigh In On Duolingo

Institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC boosted its position in Duolingo by 26.9% in the 3rd quarter. FMR LLC now owns 2,663,234 shares of the company’s stock valued at $751,085,000 after buying an additional 564,173 shares during the period. State Street Corp boosted its holdings in shares of Duolingo by 3.6% in the third quarter. State Street Corp now owns 1,076,273 shares of the company’s stock valued at $303,530,000 after purchasing an additional 36,923 shares during the period. Dragoneer Investment Group LLC bought a new position in Duolingo in the second quarter worth approximately $204,768,000. Geode Capital Management LLC grew its stake in Duolingo by 2.5% in the third quarter. Geode Capital Management LLC now owns 672,800 shares of the company’s stock worth $189,790,000 after purchasing an additional 16,481 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in Duolingo by 25.1% during the 2nd quarter. American Century Companies Inc. now owns 498,957 shares of the company’s stock worth $104,117,000 after purchasing an additional 100,167 shares during the period. 91.59% of the stock is owned by 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.