Duolingo, Inc. (NASDAQ:DUOL) CFO Matthew Skaruppa Sells 8,000 Shares

Duolingo, Inc. (NASDAQ:DUOL) CFO Matthew Skaruppa sold 8,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $166.50, for a total value of $1,332,000.00. Following the completion of the sale, the chief financial officer now directly owns 95,731 shares of the company’s stock, valued at approximately $15,939,211.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Matthew Skaruppa also recently made the following trade(s):

• On Monday, July 1st, Matthew Skaruppa sold 8,000 shares of Duolingo stock. The shares were sold at an average price of $198.59, for a total value of $1,588,720.00.
• On Friday, May 17th, Matthew Skaruppa sold 2,698 shares of Duolingo stock. The stock was sold at an average price of $177.29, for a total value of $478,328.42.

Duolingo Stock Performance

Shares of DUOL traded down $2.49 on Friday, reaching $162.01. 712,329 shares of the stock traded hands, compared to its average volume of 761,783. The stock’s 50-day moving average price is $190.85 and its 200-day moving average price is $200.11. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.22 and a quick ratio of 3.22. The firm has a market cap of $6.99 billion, a price-to-earnings ratio of 169.59 and a beta of 0.73. Duolingo, Inc. has a 12 month low of $121.89 and a 12 month high of $251.30.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.27. The firm had revenue of $167.70 million for the quarter, compared to analyst estimates of $165.60 million. Duolingo had a net margin of 7.82% and a return on equity of 7.08%. The business’s revenue for the quarter was up 44.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.06) EPS. Equities analysts forecast that Duolingo, Inc. will post 1.74 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Raymond James & Associates bought a new stake in shares of Duolingo in the 4th quarter valued at approximately $4,211,000. International Assets Investment Management LLC acquired a new position in Duolingo during the fourth quarter worth $4,374,000. Arkadios Wealth Advisors lifted its holdings in shares of Duolingo by 40.8% during the fourth quarter. Arkadios Wealth Advisors now owns 2,652 shares of the company’s stock valued at $602,000 after acquiring an additional 769 shares during the period. Cerity Partners LLC boosted its stake in shares of Duolingo by 2,767.0% in the 4th quarter. Cerity Partners LLC now owns 46,789 shares of the company’s stock valued at $10,614,000 after purchasing an additional 45,157 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its stake in shares of Duolingo by 40.7% in the 4th quarter. Mackenzie Financial Corp now owns 2,543 shares of the company’s stock valued at $577,000 after purchasing an additional 736 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wolfe Research assumed coverage on shares of Duolingo in a research note on Tuesday, July 16th. They issued a “peer perform” rating for the company. Needham & Company LLC boosted their target price on shares of Duolingo from $241.00 to $267.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Barclays lowered their price target on Duolingo from $243.00 to $230.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 9th. DA Davidson started coverage on Duolingo in a research report on Thursday, June 13th. They set a “buy” rating and a $250.00 price objective for the company. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $260.00 target price on shares of Duolingo in a report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $245.20.

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.