Insider Selling: Duolingo, Inc. (NASDAQ:DUOL) CEO Sells 8,000 Shares of Stock

Duolingo, Inc. (NASDAQ:DUOL) CEO Ahn Luis Von sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $321.00, for a total value of $2,568,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, December 12th, Ahn Luis Von sold 41,759 shares of Duolingo stock. The shares were sold at an average price of $340.29, for a total value of $14,210,170.11.

Duolingo Stock Up 6.8 %

DUOL stock opened at $341.80 on Friday. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $378.48. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The stock has a market capitalization of $15.04 billion, a price-to-earnings ratio of 186.78 and a beta of 0.87. The business’s fifty day moving average price is $336.06 and its two-hundred day moving average price is $266.78.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.14. The business had revenue of $192.59 million for the quarter, compared to analyst estimates of $189.19 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. Duolingo’s revenue for the quarter was up 39.9% compared to the same quarter last year. During the same period last year, the firm earned $0.06 earnings per share. On average, equities analysts anticipate that Duolingo, Inc. will post 2.02 earnings per share for the current year.

Institutional Investors Weigh In On Duolingo

Several institutional investors have recently made changes to their positions in DUOL. True Wealth Design LLC acquired a new position in Duolingo in the 3rd quarter valued at $26,000. First Horizon Advisors Inc. bought a new position in shares of Duolingo in the third quarter worth $29,000. Mark Sheptoff Financial Planning LLC acquired a new position in Duolingo in the second quarter valued at about $36,000. Farther Finance Advisors LLC lifted its position in Duolingo by 164.6% during the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock worth $36,000 after purchasing an additional 79 shares during the period. Finally, Capital Performance Advisors LLP acquired a new stake in Duolingo during the third quarter worth about $68,000. 91.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on DUOL shares. DA Davidson upped their price target on shares of Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Piper Sandler upped their target price on shares of Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. The Goldman Sachs Group lifted their price target on Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Bank of America lowered Duolingo from a “buy” rating to a “neutral” rating and upped their price objective for the company from $355.00 to $375.00 in a research note on Wednesday, December 11th. Finally, Scotiabank initiated coverage on Duolingo in a research note on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 target price for the company. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $353.90.

About Duolingo

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.