Duolingo, Inc. (NASDAQ:DUOL) CEO Sells $2,568,000.00 in Stock

Duolingo, Inc. (NASDAQ:DUOL) CEO Ahn Luis Von sold 8,000 shares of Duolingo stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $321.00, for a total transaction of $2,568,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, December 12th, Ahn Luis Von sold 41,759 shares of Duolingo stock. The stock was sold at an average price of $340.29, for a total value of $14,210,170.11.

Duolingo Trading Up 2.7 %

Shares of Duolingo stock opened at $351.13 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The firm has a 50-day moving average of $337.06 and a 200-day moving average of $268.38. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $378.48. The stock has a market cap of $15.45 billion, a PE ratio of 191.88 and a beta of 0.87.

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. The Goldman Sachs Group boosted their price objective on shares of Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Bank of America lowered Duolingo from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $355.00 to $375.00 in a research report on Wednesday, December 11th. Scotiabank started coverage on shares of Duolingo in a report on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 target price on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Duolingo from $360.00 to $400.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Finally, Needham & Company LLC raised their price objective on 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 issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $353.90.

Hedge Funds Weigh In On Duolingo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DUOL. Victory Capital Management Inc. increased its position in shares of Duolingo by 60.2% in the second quarter. Victory Capital Management Inc. now owns 7,598 shares of the company’s stock worth $1,585,000 after purchasing an additional 2,855 shares during the period. Dimensional Fund Advisors LP grew its stake in Duolingo by 44.2% during the second quarter. Dimensional Fund Advisors LP now owns 88,410 shares of the company’s stock worth $18,448,000 after buying an additional 27,090 shares in the last quarter. Primecap Management Co. CA increased its holdings in Duolingo by 42.7% in the 2nd quarter. Primecap Management Co. CA now owns 5,350 shares of the company’s stock valued at $1,116,000 after buying an additional 1,600 shares during the period. Axxcess Wealth Management LLC acquired a new position in shares of Duolingo in the 2nd quarter valued at approximately $578,000. Finally, Mutual of America Capital Management LLC acquired a new stake in shares of Duolingo during the 2nd quarter worth approximately $4,419,000. 91.59% of the stock is owned by institutional investors and hedge funds.

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.