Duolingo, Inc. (NYSE:DUOL) CFO Sells $282,863.68 in Stock

Posted by MarketBeat News on May 21st, 2023

Duolingo, Inc. (NYSE:DUOL – Get Rating) CFO Matthew Skaruppa sold 1,972 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $143.44, for a total transaction of $282,863.68. Following the completion of the transaction, the chief financial officer now directly owns 62,461 shares in the company, valued at approximately $8,959,405.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

On Monday, May 15th, Matthew Skaruppa sold 1,804 shares of Duolingo stock. The stock was sold at an average price of $140.83, for a total transaction of $254,057.32.
On Monday, April 3rd, Matthew Skaruppa sold 5,000 shares of Duolingo stock. The shares were sold at an average price of $142.29, for a total value of $711,450.00.
On Monday, March 6th, Matthew Skaruppa sold 12,000 shares of Duolingo stock. The stock was sold at an average price of $125.19, for a total value of $1,502,280.00.
On Wednesday, March 1st, Matthew Skaruppa sold 5,000 shares of Duolingo stock. The shares were sold at an average price of $108.08, for a total value of $540,400.00.

Duolingo Stock Performance

Shares of DUOL stock opened at $150.35 on Friday. The company has a market cap of $6.17 billion, a P/E ratio of -120.28 and a beta of 0.41. The firm has a fifty day moving average price of $135.89 and a 200 day moving average price of $101.48. The company has a current ratio of 3.65, a quick ratio of 3.65 and a debt-to-equity ratio of 0.04. Duolingo, Inc. has a 12 month low of $64.73 and a 12 month high of $152.68.

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Duolingo (NYSE:DUOL – Get Rating) last released its quarterly earnings data on Tuesday, May 9th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.18. Duolingo had a negative return on equity of 9.22% and a negative net margin of 12.38%. The business had revenue of $115.66 million during the quarter, compared to analysts’ expectations of $112.86 million. During the same period in the prior year, the firm posted ($0.31) EPS. The business’s quarterly revenue was up 42.4% compared to the same quarter last year. Sell-side analysts predict that Duolingo, Inc. will post -0.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on DUOL shares. The Goldman Sachs Group boosted their price target on shares of Duolingo from $92.00 to $109.00 and gave the stock a “neutral” rating in a research note on Thursday, March 2nd. Barclays increased their target price on shares of Duolingo from $131.00 to $136.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 10th. JMP Securities upped their price objective on Duolingo from $128.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, April 14th. Piper Sandler lifted their target price on Duolingo from $127.00 to $167.00 and gave the company an “overweight” rating in a report on Wednesday, May 10th. Finally, Raymond James upped their price target on Duolingo from $109.00 to $117.00 and gave the stock an “outperform” rating in a report on Wednesday, March 1st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $142.38.

Hedge Funds Weigh In On Duolingo

Several hedge funds have recently added to or reduced their stakes in DUOL. Durable Capital Partners LP boosted its holdings in shares of Duolingo by 59.8% in the 1st quarter. Durable Capital Partners LP now owns 3,248,046 shares of the company’s stock valued at $308,922,000 after buying an additional 1,215,144 shares in the last quarter. Baillie Gifford & Co. boosted its stake in Duolingo by 37.3% in the first quarter. Baillie Gifford & Co. now owns 4,467,624 shares of the company’s stock valued at $637,039,000 after acquiring an additional 1,214,871 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Duolingo by 605.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,126,165 shares of the company’s stock worth $98,596,000 after purchasing an additional 966,604 shares during the last quarter. Alphabet Inc. acquired a new stake in shares of Duolingo during the third quarter worth about $67,084,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Duolingo by 24.8% in the 3rd quarter. Vanguard Group Inc. now owns 2,357,551 shares of the company’s stock valued at $224,510,000 after purchasing an additional 468,057 shares during the last quarter. 63.16% of the stock is currently owned by hedge funds and other institutional investors.

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.