Insider Selling: Duolingo, Inc. (NASDAQ:DUOL) CEO Sells 12,000 Shares of Stock

Duolingo, Inc. (NASDAQ:DUOLGet Free Report) CEO Ahn Luis Von sold 12,000 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $218.40, for a total transaction of $2,620,800.00. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

  • 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 shares were 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 Up 3.5 %

DUOL stock opened at $220.03 on Thursday. The firm has a market cap of $9.43 billion, a PE ratio of 647.15 and a beta of 0.83. Duolingo, Inc. has a 1 year low of $116.82 and a 1 year high of $245.87. The company has a fifty day simple moving average of $204.09 and a 200 day simple moving average of $197.21. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 0.03.

Duolingo (NASDAQ:DUOLGet Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. The company had revenue of $150.99 million during 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%. Sell-side analysts anticipate that Duolingo, Inc. will post 1.38 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Bank of America increased their price target on shares of Duolingo from $230.00 to $260.00 and gave the stock a “neutral” rating in a research report on Thursday, February 29th. Seaport Res Ptn reiterated a “buy” rating on shares of Duolingo in a research report on Tuesday, February 27th. Barclays lifted their target price on shares of Duolingo from $173.00 to $243.00 and gave the company an “equal weight” rating in a research note on Thursday, February 29th. Piper Sandler upped their price target on shares of Duolingo from $217.00 to $282.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. Finally, The Goldman Sachs Group lifted their price objective on Duolingo from $160.00 to $190.00 and gave the company a “sell” rating in a research report on Thursday, February 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Duolingo presently has an average rating of “Hold” and a consensus target price of $235.11.

View Our Latest Report on DUOL

Institutional Investors Weigh In On Duolingo

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Discovery Value Fund bought a new position in shares of Duolingo in the fourth quarter valued at approximately $27,000. Bamco Inc. NY acquired a new position in Duolingo in the 3rd quarter valued at $39,000. FSC Wealth Advisors LLC bought a new position in Duolingo in the 4th quarter worth $39,000. Captrust Financial Advisors lifted its position in Duolingo by 620.8% during the 1st quarter. Captrust Financial Advisors now owns 555 shares of the company’s stock worth $53,000 after acquiring an additional 478 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new stake in Duolingo during the fourth quarter valued at about $58,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

About Duolingo

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Duolingo (NASDAQ:DUOL)

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