Duolingo, Inc. (NASDAQ:DUOL) General Counsel Sells $4,117,609.20 in Stock

Duolingo, Inc. (NASDAQ:DUOL) General Counsel Stephen C. Chen sold 19,464 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $211.55, for a total transaction of $4,117,609.20. Following the sale, the general counsel now owns 35,558 shares in the company, valued at $7,522,294.90. The sale was disclosed in a filing with the SEC, which is available at this link.

Duolingo Trading Up 1.7 %

NASDAQ:DUOL opened at $210.26 on Friday. Duolingo, Inc. has a 12 month low of $140.16 and a 12 month high of $251.30. The firm has a fifty day simple moving average of $189.83 and a 200-day simple moving average of $201.18. The company has a current ratio of 3.28, a quick ratio of 3.28 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $9.07 billion, a P/E ratio of 216.76 and a beta of 0.72.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.32 by $0.19. Duolingo had a net margin of 10.44% and a return on equity of 9.64%. The business had revenue of $178.30 million during the quarter, compared to the consensus estimate of $177.13 million. During the same period in the previous year, the firm posted $0.08 earnings per share. The business’s revenue for the quarter was up 40.6% compared to the same quarter last year. On average, equities research analysts anticipate that Duolingo, Inc. will post 1.87 earnings per share for the current year.

Institutional Investors Weigh In On Duolingo

Institutional investors and hedge funds have recently made changes to their positions in the stock. Discovery Value Fund acquired a new stake in shares of Duolingo during the fourth quarter worth $27,000. Larson Financial Group LLC acquired a new stake in shares of Duolingo during the second quarter worth $31,000. Blue Trust Inc. acquired a new stake in shares of Duolingo during the second quarter worth $32,000. GAMMA Investing LLC raised its holdings in shares of Duolingo by 350.0% during the second quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $36,000 after purchasing an additional 133 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC purchased a new position in shares of Duolingo during the second quarter worth $36,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on DUOL shares. JMP Securities reissued a “market outperform” rating and issued a $260.00 price objective on shares of Duolingo in a research report on Wednesday, July 10th. Barclays reduced their target price on shares of Duolingo from $230.00 to $183.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th. JPMorgan Chase & Co. dropped their price objective on shares of Duolingo from $275.00 to $255.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Needham & Company LLC dropped their price objective on shares of Duolingo from $267.00 to $245.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, Wolfe Research started coverage on shares of Duolingo in a research note on Tuesday, July 16th. They issued a “peer perform” rating for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Duolingo currently has a consensus rating of “Moderate Buy” and an average price target of $237.40.

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.