Duolingo, Inc. (NASDAQ:DUOL) CEO Sells 12,000 Shares

Duolingo, Inc. (NASDAQ:DUOL) CEO Ahn Luis Von sold 12,000 shares of Duolingo stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $223.51, for a total transaction of $2,682,120.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, April 1st, Ahn Luis Von sold 12,000 shares of Duolingo stock. The stock was sold at an average price of $218.40, for a total value of $2,620,800.00.
• On Monday, March 11th, Ahn Luis Von sold 22,023 shares of Duolingo stock. The stock was sold at an average price of $220.26, for a total value of $4,850,785.98.
• On Thursday, March 7th, Ahn Luis Von sold 100 shares of Duolingo stock. The stock was sold at an average price of $215.00, for a total value of $21,500.00.
• On Tuesday, March 5th, Ahn Luis Von sold 13,600 shares of Duolingo stock. The stock was sold at an average price of $208.34, for a total value of $2,833,424.00.

Duolingo Stock Performance

Shares of Duolingo stock opened at $240.00 on Friday. The company has a market capitalization of $10.29 billion, a PE ratio of 705.90 and a beta of 0.82. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.24 and a current ratio of 3.24. The company has a 50-day simple moving average of $216.60 and a two-hundred day simple moving average of $204.54. Duolingo, Inc. has a one year low of $116.82 and a one year high of $245.87.

Duolingo (NASDAQ:DUOL) last announced its earnings results on Wednesday, February 28th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. The business had revenue of $150.99 million during the quarter, compared to the consensus estimate of $146.98 million. Duolingo had a net margin of 3.03% and a return on equity of 2.64%. Research analysts expect that Duolingo, Inc. will post 1.38 EPS for the current fiscal year.

Hedge Funds Weigh In On Duolingo

A number of large investors have recently added to or reduced their stakes in DUOL. Discovery Value Fund purchased a new stake in shares of Duolingo during the fourth quarter worth about $27,000. FSC Wealth Advisors LLC purchased a new stake in shares of Duolingo during the fourth quarter worth about $39,000. Bamco Inc. NY purchased a new stake in shares of Duolingo during the third quarter worth about $39,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Duolingo during the fourth quarter worth about $73,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Duolingo during the fourth quarter worth about $92,000. 91.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on DUOL shares. Barclays lifted their target price on Duolingo from $173.00 to $243.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 29th. UBS Group lifted their price objective on Duolingo from $230.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Bank of America lifted their price objective on Duolingo from $230.00 to $260.00 and gave the company a “neutral” rating in a report on Thursday, February 29th. Needham & Company LLC lifted their price objective on Duolingo from $210.00 to $241.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Finally, JPMorgan Chase & Co. assumed coverage on Duolingo in a report on Monday, March 11th. They issued an “overweight” rating and a $270.00 price objective for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $245.13.

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.