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

Duolingo, Inc. (NASDAQ:DUOL) CFO Matthew Skaruppa sold 8,000 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $218.39, for a total transaction of $1,747,120.00. Following the sale, the chief financial officer now directly owns 64,523 shares of the company’s stock, valued at approximately $14,091,177.97. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Friday, March 1st, Matthew Skaruppa sold 8,000 shares of Duolingo stock. The stock was sold at an average price of $235.18, for a total transaction of $1,881,440.00.
• On Thursday, February 1st, Matthew Skaruppa sold 8,000 shares of Duolingo stock. The shares were sold at an average price of $178.67, for a total transaction of $1,429,360.00.

Duolingo Stock Performance

Shares of DUOL opened at $220.03 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.24 and a quick ratio of 3.24. The stock has a market capitalization of $9.43 billion, a PE ratio of 647.15 and a beta of 0.83. Duolingo, Inc. has a 12-month low of $116.82 and a 12-month high of $245.87. The business’s fifty day moving average price is $204.09 and its 200 day moving average price is $197.21.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Wednesday, February 28th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. The company had revenue of $150.99 million for the quarter, compared to analysts’ expectations of $146.98 million. Duolingo had a return on equity of 2.64% and a net margin of 3.03%. Equities research analysts forecast that Duolingo, Inc. will post 1.38 EPS for the current year.

Analyst Ratings Changes

DUOL has been the subject of several recent research reports. Needham & Company LLC increased their price objective on shares of Duolingo from $210.00 to $241.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. Bank of America increased their target price on Duolingo from $230.00 to $260.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. Piper Sandler increased their target price on Duolingo from $217.00 to $282.00 and gave the company an “overweight” rating in a research note on Thursday, February 29th. Barclays increased their target price on Duolingo from $173.00 to $243.00 and gave the company an “equal weight” rating in a research note on Thursday, February 29th. Finally, The Goldman Sachs Group increased their target price on Duolingo from $160.00 to $190.00 and gave the company a “sell” rating in a research note on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $235.11.

Institutional Investors Weigh In On Duolingo

A number of hedge funds have recently added to or reduced their stakes in DUOL. Discovery Value Fund bought a new stake in Duolingo in the fourth quarter valued at $27,000. Bamco Inc. NY bought a new stake in Duolingo in the third quarter valued at $39,000. FSC Wealth Advisors LLC acquired a new position in shares of Duolingo during the fourth quarter valued at $39,000. Captrust Financial Advisors increased its holdings in shares of Duolingo by 620.8% during the first quarter. Captrust Financial Advisors now owns 555 shares of the company’s stock valued at $53,000 after purchasing an additional 478 shares during the period. Finally, Lazard Asset Management LLC acquired a new position in shares of Duolingo during the fourth quarter valued at $58,000. 91.59% of the stock is currently owned by institutional investors.

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.