Duolingo, Inc. (NASDAQ:DUOL) CFO Matthew Skaruppa Sells 3,284 Shares of Stock

Duolingo, Inc. (NASDAQ:DUOL) CFO Matthew Skaruppa sold 3,284 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $435.28, for a total transaction of $1,429,459.52. Following the sale, the chief financial officer now owns 59,982 shares in the company, valued at $26,108,964.96. This represents a 5.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, January 13th, Matthew Skaruppa sold 4,464 shares of Duolingo stock. The stock was sold at an average price of $313.55, for a total transaction of $1,399,687.20.
• On Thursday, January 2nd, Matthew Skaruppa sold 5,000 shares of Duolingo stock. The stock was sold at an average price of $324.48, for a total transaction of $1,622,400.00.

Duolingo Price Performance

Shares of NASDAQ:DUOL opened at $421.78 on Friday. The company has a market cap of $18.55 billion, a price-to-earnings ratio of 230.48 and a beta of 0.89. 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 firm has a 50 day simple moving average of $356.02 and a 200 day simple moving average of $301.79. Duolingo, Inc. has a one year low of $145.05 and a one year high of $441.77.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DUOL. JPMorgan Chase & Co. increased their price target on shares of Duolingo from $360.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. The Goldman Sachs Group increased their price target on shares of Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. UBS Group increased their price target on shares of Duolingo from $408.00 to $410.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Piper Sandler increased their price target on shares of Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Finally, Jefferies Financial Group began coverage on shares of Duolingo in a research note on Friday, January 24th. They issued a “hold” rating and a $370.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $355.55.

Hedge Funds Weigh In On Duolingo

Large investors have recently modified their holdings of the business. Catalyst Capital Advisors LLC bought a new position in shares of Duolingo during the fourth quarter valued at $1,994,000. Lecap Asset Management Ltd. bought a new position in shares of Duolingo during the fourth quarter valued at $429,000. Charles Schwab Investment Management Inc. raised its stake in shares of Duolingo by 42.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company’s stock valued at $96,530,000 after acquiring an additional 101,653 shares during the last quarter. Lisanti Capital Growth LLC raised its stake in shares of Duolingo by 17.8% during the third quarter. Lisanti Capital Growth LLC now owns 11,645 shares of the company’s stock valued at $3,284,000 after acquiring an additional 1,760 shares during the last quarter. Finally, Rockefeller Capital Management L.P. bought a new position in shares of Duolingo during the third quarter valued at $4,350,000. Institutional investors own 91.59% of the company’s stock.

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.