Stephen C. Chen Sells 2,064 Shares of Duolingo, Inc. (NASDAQ:DUOL) Stock

Duolingo, Inc. (NASDAQ:DUOL) General Counsel Stephen C. Chen sold 2,064 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $435.12, for a total value of $898,087.68. Following the completion of the sale, the general counsel now owns 34,634 shares in the company, valued at $15,069,946.08. This trade represents a 5.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Duolingo Stock Performance

Duolingo stock opened at $421.78 on Friday. The stock’s 50 day simple moving average is $356.02 and its two-hundred day simple moving average is $301.79. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The stock has a market cap of $18.55 billion, a price-to-earnings ratio of 230.48 and a beta of 0.89. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $441.77.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on DUOL shares. JPMorgan Chase & Co. raised their price target on Duolingo from $360.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. UBS Group raised their price target on Duolingo from $408.00 to $410.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Jefferies Financial Group started coverage on Duolingo in a research report on Friday, January 24th. They set a “hold” rating and a $370.00 price target on the stock. Seaport Res Ptn downgraded Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, Needham & Company LLC raised their price target on Duolingo from $370.00 to $385.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $355.55.

Institutional Trading of Duolingo

A number of hedge funds have recently made changes to their positions in DUOL. Quarry LP lifted its position in Duolingo by 250.0% in the 4th quarter. Quarry LP now owns 91 shares of the company’s stock valued at $30,000 after acquiring an additional 65 shares in the last quarter. True Wealth Design LLC bought a new position in Duolingo in the 3rd quarter valued at approximately $26,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Duolingo in the 4th quarter valued at approximately $31,000. First Horizon Advisors Inc. bought a new position in Duolingo in the 3rd quarter valued at approximately $29,000. Finally, Harvest Fund Management Co. Ltd lifted its position in Duolingo by 5,050.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock valued at $33,000 after acquiring an additional 101 shares in the last quarter. 91.59% of the stock is owned by institutional investors.

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.