Duolingo, Inc. (NASDAQ:DUOL) CEO Sells $3,478,320.00 in Stock

Duolingo, Inc. (NASDAQ:DUOL) CEO Ahn Luis Von sold 8,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $434.79, for a total transaction of $3,478,320.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Wednesday, January 15th, Ahn Luis Von sold 8,000 shares of Duolingo stock. The stock was sold at an average price of $321.00, for a total transaction of $2,568,000.00.
• On Thursday, December 12th, Ahn Luis Von sold 41,759 shares of Duolingo stock. The stock was sold at an average price of $340.29, for a total transaction of $14,210,170.11.

Duolingo Trading Down 8.6 %

DUOL stock opened at $385.35 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The company’s 50-day simple moving average is $356.96 and its 200 day simple moving average is $303.37. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $441.77. The company has a market capitalization of $16.95 billion, a PE ratio of 210.57 and a beta of 0.89.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Duolingo from $360.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Bank of America lowered shares of Duolingo from a “buy” rating to a “neutral” rating and increased their price objective for the company from $355.00 to $375.00 in a research report on Wednesday, December 11th. JMP Securities reissued a “market perform” rating on shares of Duolingo in a research report on Friday, February 14th. Needham & Company LLC increased their price objective on shares of Duolingo from $370.00 to $385.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, Scotiabank assumed coverage on shares of Duolingo in a research report on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 price objective on the stock. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $355.55.

Hedge Funds Weigh In On Duolingo

Institutional investors and hedge funds have recently modified their holdings of the business. Vontobel Holding Ltd. acquired a new stake in Duolingo during the third quarter worth about $474,000. Bleakley Financial Group LLC acquired a new stake in Duolingo during the third quarter worth about $265,000. Blue Trust Inc. grew its stake in Duolingo by 228.7% during the third quarter. Blue Trust Inc. now owns 470 shares of the company’s stock worth $133,000 after buying an additional 327 shares in the last quarter. International Assets Investment Management LLC grew its stake in Duolingo by 30,909.9% during the third quarter. International Assets Investment Management LLC now owns 355,063 shares of the company’s stock worth $100,135,000 after buying an additional 353,918 shares in the last quarter. Finally, Joel Isaacson & Co. LLC grew its stake in Duolingo by 13.0% during the third quarter. Joel Isaacson & Co. LLC now owns 1,734 shares of the company’s stock worth $489,000 after buying an additional 200 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

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.