Duolingo, Inc. (NASDAQ:DUOL) CFO Sells $2,904,160.00 in Stock

Duolingo, Inc. (NASDAQ:DUOL) CFO Matthew Skaruppa sold 14,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $207.44, for a total transaction of $2,904,160.00. Following the completion of the transaction, the chief financial officer now directly owns 88,856 shares of the company’s stock, valued at approximately $18,432,288.64. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Wednesday, August 21st, Matthew Skaruppa sold 17,591 shares of Duolingo stock. The stock was sold at an average price of $207.27, for a total transaction of $3,646,086.57.
• On Thursday, August 1st, Matthew Skaruppa sold 8,000 shares of Duolingo stock. The stock was sold at an average price of $166.50, for a total value of $1,332,000.00.
• On Monday, July 1st, Matthew Skaruppa sold 8,000 shares of Duolingo stock. The shares were sold at an average price of $198.59, for a total value of $1,588,720.00.

Duolingo Trading Up 0.2 %

Shares of NASDAQ DUOL traded up $0.44 during midday trading on Wednesday, hitting $206.80. 250,450 shares of the company traded hands, compared to its average volume of 741,821. Duolingo, Inc. has a 12-month low of $140.16 and a 12-month high of $251.30. The firm has a market cap of $8.92 billion, a P/E ratio of 212.74 and a beta of 0.72. The stock has a 50-day moving average price of $189.74 and a 200 day moving average price of $201.08. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.28 and a current ratio of 3.28.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. The firm had revenue of $178.30 million for the quarter, compared to the consensus estimate of $177.13 million. Duolingo had a return on equity of 9.64% and a net margin of 10.44%. The business’s revenue for the quarter was up 40.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.08 EPS. As a group, analysts expect that Duolingo, Inc. will post 1.87 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have commented on DUOL. Wolfe Research assumed coverage on shares of Duolingo in a research report on Tuesday, July 16th. They set a “peer perform” rating on the stock. Bank of America upgraded shares of Duolingo from a “neutral” rating to a “buy” rating and set a $245.00 target price on the stock in a research report on Friday, July 26th. Evercore ISI upgraded shares of Duolingo to a “strong-buy” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. lowered their target price on Duolingo from $275.00 to $255.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Finally, Barclays decreased their price target on Duolingo from $230.00 to $183.00 and set an “equal weight” rating on the stock in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Duolingo currently has an average rating of “Moderate Buy” and a consensus target price of $237.40.

Hedge Funds Weigh In On Duolingo

Institutional investors have recently added to or reduced their stakes in the company. Clearbridge Investments LLC increased its stake in shares of Duolingo by 34.3% during the second quarter. Clearbridge Investments LLC now owns 173,867 shares of the company’s stock valued at $36,281,000 after purchasing an additional 44,413 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in Duolingo by 23.7% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 67,114 shares of the company’s stock worth $14,005,000 after acquiring an additional 12,860 shares in the last quarter. Creative Planning boosted its holdings in Duolingo by 37.0% in the second quarter. Creative Planning now owns 3,932 shares of the company’s stock worth $820,000 after acquiring an additional 1,061 shares in the last quarter. Driehaus Capital Management LLC grew its stake in shares of Duolingo by 4.6% in the second quarter. Driehaus Capital Management LLC now owns 287,210 shares of the company’s stock worth $59,932,000 after acquiring an additional 12,666 shares during the last quarter. Finally, Scientech Research LLC increased its holdings in shares of Duolingo by 164.6% during the second quarter. Scientech Research LLC now owns 9,332 shares of the company’s stock valued at $1,947,000 after acquiring an additional 5,805 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

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.