Insider Selling: Duolingo, Inc. (NASDAQ:DUOL) CFO Sells 14,000 Shares of Stock

Duolingo, Inc. (NASDAQ:DUOL) CFO Matthew Skaruppa sold 14,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $207.44, for a total value of $2,904,160.00. Following the transaction, the chief financial officer now directly owns 88,856 shares of the company’s stock, valued at approximately $18,432,288.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, August 21st, Matthew Skaruppa sold 17,591 shares of Duolingo stock. The stock was sold at an average price of $207.27, for a total transaction of $3,646,086.57.
• On Thursday, August 1st, Matthew Skaruppa sold 8,000 shares of Duolingo stock. The shares were sold at an average price of $166.50, for a total transaction of $1,332,000.00.
• 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.

Duolingo Price Performance

Shares of NASDAQ:DUOL opened at $208.26 on Friday. The firm has a market capitalization of $8.98 billion, a PE ratio of 214.70 and a beta of 0.76. The company has a current ratio of 3.28, a quick ratio of 3.28 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a 1-year low of $140.16 and a 1-year high of $251.30. The business’s 50 day moving average is $189.82 and its 200-day moving average is $201.34.

Duolingo (NASDAQ:DUOL) last issued its earnings results on Wednesday, August 7th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.32 by $0.19. The firm had revenue of $178.30 million during the quarter, compared to analysts’ expectations of $177.13 million. Duolingo had a return on equity of 9.64% and a net margin of 10.44%. Duolingo’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same period last year, the business earned $0.08 earnings per share. Sell-side analysts predict that Duolingo, Inc. will post 1.87 earnings per share for the current year.

Institutional Trading of Duolingo

Several institutional investors have recently made changes to their positions in DUOL. Discovery Value Fund acquired a new position in Duolingo in the fourth quarter worth about $27,000. Larson Financial Group LLC bought a new stake in shares of Duolingo in the 2nd quarter valued at approximately $31,000. Blue Trust Inc. acquired a new position in shares of Duolingo in the 2nd quarter worth approximately $32,000. GAMMA Investing LLC lifted its position in shares of Duolingo by 350.0% during the 2nd quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $36,000 after buying an additional 133 shares during the period. Finally, Mark Sheptoff Financial Planning LLC acquired a new stake in Duolingo in the 2nd quarter valued at $36,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DUOL has been the subject of several research reports. Bank of America raised Duolingo from a “neutral” rating to a “buy” rating and set a $245.00 price objective for the company in a research note on Friday, July 26th. Evercore ISI raised Duolingo to a “strong-buy” rating in a research note on Monday, August 5th. Barclays cut their price objective on Duolingo from $230.00 to $183.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. JPMorgan Chase & Co. decreased their target price on shares of Duolingo from $275.00 to $255.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Finally, DA Davidson assumed coverage on shares of Duolingo in a report on Thursday, June 13th. They set a “buy” rating and a $250.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Duolingo currently has a consensus rating of “Moderate Buy” and an average target price of $237.40.

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.