Duolingo, Inc. (NASDAQ:DUOL) CFO Sells $478,328.42 in Stock

Duolingo, Inc. (NASDAQ:DUOL) CFO Matthew Skaruppa sold 2,698 shares of the stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $177.29, for a total value of $478,328.42. Following the completion of the sale, the chief financial officer now directly owns 86,709 shares of the company’s stock, valued at approximately $15,372,638.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, May 1st, Matthew Skaruppa sold 8,000 shares of Duolingo stock. The shares were sold at an average price of $223.46, for a total value of $1,787,680.00.
• On Monday, April 1st, Matthew Skaruppa sold 8,000 shares of Duolingo stock. The stock was sold at an average price of $218.39, for a total transaction of $1,747,120.00.
• 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.

Duolingo Price Performance

Shares of DUOL opened at $176.76 on Thursday. The stock has a market cap of $7.58 billion, a P/E ratio of 182.23 and a beta of 0.82. The business’s fifty day moving average is $212.99 and its 200 day moving average is $209.34. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 0.08. Duolingo, Inc. has a 12-month low of $121.89 and a 12-month high of $251.30.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.27. The firm had revenue of $167.70 million for the quarter, compared to analyst estimates of $165.60 million. Duolingo had a net margin of 7.82% and a return on equity of 7.08%. The business’s quarterly revenue was up 44.9% compared to the same quarter last year. During the same period last year, the firm earned ($0.06) earnings per share. Sell-side analysts anticipate that Duolingo, Inc. will post 1.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Duolingo

A number of hedge funds have recently added to or reduced their stakes in DUOL. Norges Bank bought a new position in shares of Duolingo in the fourth quarter valued at approximately $84,042,000. Wellington Management Group LLP lifted its stake in Duolingo by 147.6% during the 3rd quarter. Wellington Management Group LLP now owns 602,200 shares of the company’s stock valued at $99,887,000 after acquiring an additional 358,938 shares in the last quarter. American Century Companies Inc. purchased a new position in Duolingo during the 3rd quarter worth $48,552,000. FMR LLC grew its stake in shares of Duolingo by 37.9% in the 3rd quarter. FMR LLC now owns 1,019,641 shares of the company’s stock worth $169,128,000 after acquiring an additional 280,051 shares in the last quarter. Finally, Whale Rock Capital Management LLC raised its holdings in shares of Duolingo by 23.9% in the first quarter. Whale Rock Capital Management LLC now owns 1,275,189 shares of the company’s stock valued at $281,281,000 after purchasing an additional 245,599 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on DUOL shares. Seaport Res Ptn restated a “buy” rating on shares of Duolingo in a report on Tuesday, February 27th. The Goldman Sachs Group upped their target price on Duolingo from $160.00 to $190.00 and gave the company a “sell” rating in a research report on Thursday, February 29th. Bank of America lifted their target price on Duolingo from $230.00 to $260.00 and gave the stock a “neutral” rating in a report on Thursday, February 29th. JPMorgan Chase & Co. started coverage on Duolingo in a research note on Monday, March 11th. They issued an “overweight” rating and a $270.00 price target on the stock. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $265.00 price objective (down previously from $282.00) on shares of Duolingo in a research report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $244.63.

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.