Duolingo, Inc. (NYSE:DUOL) General Counsel Sells $1,398,314.80 in Stock

Duolingo, Inc. (NYSE:DUOL – Get Rating) General Counsel Stephen C. Chen sold 10,748 shares of Duolingo stock in a transaction that occurred on Tuesday, March 7th. The stock was sold at an average price of $130.10, for a total value of $1,398,314.80. Following the completion of the sale, the general counsel now directly owns 26,553 shares in the company, valued at $3,454,545.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Duolingo Price Performance

NYSE:DUOL opened at $121.41 on Friday. Duolingo, Inc. has a 52 week low of $60.50 and a 52 week high of $130.49. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $4.81 billion, a P/E ratio of -80.94 and a beta of 0.10. The stock’s fifty day moving average is $91.62 and its two-hundred day moving average is $86.33.

Duolingo (NYSE:DUOL – Get Rating) last posted its quarterly earnings data on Tuesday, February 28th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.53) by $0.18. The firm had revenue of $103.82 million for the quarter, compared to the consensus estimate of $99.88 million. Duolingo had a negative return on equity of 11.22% and a negative net margin of 16.12%. The company’s quarterly revenue was up 42.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.46) EPS. Equities analysts expect that Duolingo, Inc. will post -0.85 EPS for the current year.

Institutional Investors Weigh In On Duolingo

Several institutional investors and hedge funds have recently modified their holdings of the company. Point72 Middle East FZE purchased a new stake in shares of Duolingo in the 4th quarter valued at $259,000. Pier Capital LLC increased its holdings in Duolingo by 55.6% during the 4th quarter. Pier Capital LLC now owns 56,011 shares of the company’s stock worth $3,984,000 after purchasing an additional 20,010 shares during the period. Lazard Asset Management LLC purchased a new stake in Duolingo during the 4th quarter worth about $58,000. Cerity Partners LLC purchased a new stake in Duolingo during the 4th quarter worth about $3,201,000. Finally, Chimera Capital Management LLC purchased a new stake in Duolingo during the 4th quarter worth about $777,000. Hedge funds and other institutional investors own 63.16% of the company’s stock.

Analysts Set New Price Targets

DUOL has been the topic of a number of recent research reports. Barclays boosted their price objective on Duolingo from $84.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 1st. Needham & Company LLC reissued a “buy” rating and set a $115.00 price objective on shares of Duolingo in a research note on Wednesday, March 1st. Bank of America lowered their price objective on Duolingo from $130.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, November 11th. Piper Sandler boosted their price objective on Duolingo from $95.00 to $127.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 1st. Finally, The Goldman Sachs Group boosted their price objective on Duolingo from $92.00 to $109.00 and gave the stock a “neutral” rating in a research note on Thursday, March 2nd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.33.

Duolingo Company Profile

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Duolingo, Inc develops a language-learning website and mobile app in the United States and China. The company offers courses in 40 different languages, including Spanish, English, French, Japanese, German, Italian, Chinese, Portuguese, and others. It also provides a digital language proficiency assessment exam.