Duolingo, Inc. (NASDAQ:DUOL) CEO Sells $2,350,400.00 in Stock

Duolingo, Inc. (NASDAQ:DUOL) CEO Ahn Luis Von sold 8,000 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $293.80, for a total transaction of $2,350,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 stock was 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 stock was sold at an average price of $321.00, for a total value of $2,568,000.00.

Duolingo Price Performance

Shares of NASDAQ:DUOL opened at $288.81 on Wednesday. The company has a market cap of $13.07 billion, a P/E ratio of 157.82 and a beta of 0.92. The business has a fifty day simple moving average of $348.55 and a 200-day simple moving average of $318.42. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $441.77. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07.

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

Hedge Funds Weigh In On Duolingo

Several institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC grew its stake in shares of Duolingo by 39.9% during the 4th quarter. FMR LLC now owns 3,726,561 shares of the company’s stock valued at $1,208,263,000 after buying an additional 1,063,327 shares during the period. Norges Bank acquired a new stake in Duolingo during the fourth quarter worth about $152,296,000. T. Rowe Price Investment Management Inc. raised its holdings in shares of Duolingo by 548.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 470,834 shares of the company’s stock worth $152,659,000 after purchasing an additional 398,259 shares during the period. Invesco Ltd. raised its holdings in shares of Duolingo by 53.5% in the 4th quarter. Invesco Ltd. now owns 1,085,066 shares of the company’s stock worth $351,811,000 after purchasing an additional 378,225 shares during the period. Finally, Spyglass Capital Management LLC acquired a new position in shares of Duolingo in the 3rd quarter valued at about $38,512,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Citizens Jmp upgraded Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 price target for the company in a research report on Tuesday. DA Davidson lifted their target price on shares of Duolingo from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. JPMorgan Chase & Co. increased their price target on shares of Duolingo from $400.00 to $410.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Needham & Company LLC raised their price objective on shares of Duolingo from $385.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Finally, Barclays upped their target price on Duolingo from $295.00 to $330.00 and gave the company an “equal weight” rating in a research note 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $376.25.

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.