Duolingo, Inc. (NASDAQ:DUOL) CFO Sells $1,622,400.00 in Stock

Duolingo, Inc. (NASDAQ:DUOL) CFO Matthew Skaruppa sold 5,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $324.48, for a total transaction of $1,622,400.00. Following the transaction, the chief financial officer now owns 67,730 shares of the company’s stock, valued at $21,977,030.40. This trade represents a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Duolingo Price Performance

DUOL opened at $340.06 on Friday. 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’s 50 day simple moving average is $332.32 and its 200 day simple moving average is $260.33. The firm has a market cap of $14.96 billion, a price-to-earnings ratio of 185.83 and a beta of 0.85. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $378.48.

Duolingo (NASDAQ:DUOL) last issued its earnings results on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.35 by $0.14. The company had revenue of $192.59 million for the quarter, compared to the consensus estimate of $189.19 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The firm’s revenue for the quarter was up 39.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.06 earnings per share. As a group, analysts predict that Duolingo, Inc. will post 2.02 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Mount Lucas Management LP increased its stake in shares of Duolingo by 2.4% during the third quarter. Mount Lucas Management LP now owns 1,340 shares of the company’s stock valued at $378,000 after buying an additional 32 shares during the period. CIBC Asset Management Inc increased its position in Duolingo by 3.1% during the 3rd quarter. CIBC Asset Management Inc now owns 1,061 shares of the company’s stock valued at $299,000 after purchasing an additional 32 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in Duolingo by 3.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,962 shares of the company’s stock worth $409,000 after purchasing an additional 73 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Duolingo by 164.6% in the 3rd 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, True Wealth Design LLC bought a new stake in shares of Duolingo during the 3rd quarter valued at about $26,000. Institutional investors own 91.59% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DUOL shares. Bank of America cut Duolingo from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $355.00 to $375.00 in a research report on Wednesday, December 11th. The Goldman Sachs Group boosted their price objective on Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. lifted their target price 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. JMP Securities lowered shares of Duolingo from an “outperform” rating to a “market perform” rating in a report on Monday, October 14th. Finally, Needham & Company LLC lifted their price objective on shares of Duolingo from $370.00 to $385.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.