Ahn Luis Von Sells 8,000 Shares of Duolingo, Inc. (NASDAQ:DUOL) Stock

Duolingo, Inc. (NASDAQ:DUOL) CEO Ahn Luis Von sold 8,000 shares of Duolingo stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $321.00, for a total value of $2,568,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, December 12th, Ahn Luis Von sold 41,759 shares of Duolingo stock. The shares were sold at an average price of $340.29, for a total value of $14,210,170.11.

Duolingo Stock Up 6.8 %

NASDAQ:DUOL traded up $21.82 during mid-day trading on Thursday, reaching $341.80. The stock had a trading volume of 932,327 shares, compared to its average volume of 511,001. 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 company has a market capitalization of $15.04 billion, a price-to-earnings ratio of 186.78 and a beta of 0.87. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $378.48. The stock’s 50 day simple moving average is $336.06 and its two-hundred day simple moving average is $266.78.

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

Institutional Investors Weigh In On Duolingo

Institutional investors have recently modified their holdings of the business. True Wealth Design LLC acquired a new position in Duolingo in the third quarter valued at approximately $26,000. First Horizon Advisors Inc. acquired a new stake in shares of Duolingo during the 3rd quarter worth approximately $29,000. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Duolingo in the 2nd quarter worth approximately $36,000. Farther Finance Advisors LLC boosted its position in Duolingo by 164.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after purchasing an additional 79 shares during the period. Finally, Capital Performance Advisors LLP bought a new position in Duolingo during the 3rd quarter worth $68,000. Institutional investors own 91.59% of the company’s stock.

Wall Street Analysts Forecast Growth

DUOL has been the subject of several analyst reports. JMP Securities downgraded Duolingo from an “outperform” rating to a “market perform” rating in a research report on Monday, October 14th. Bank of America downgraded 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. Needham & Company LLC boosted their target price on shares of Duolingo from $370.00 to $385.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. The Goldman Sachs Group raised their price target on shares of Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, UBS Group lifted their price target on shares of Duolingo from $355.00 to $408.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.