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 the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $293.80, for a total transaction of $2,350,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, February 18th, Ahn Luis Von sold 8,000 shares of Duolingo stock. The shares were sold at an average price of $434.79, for a total transaction of $3,478,320.00.
• On Wednesday, January 15th, Ahn Luis Von sold 8,000 shares of Duolingo stock. The stock was sold at an average price of $321.00, for a total transaction of $2,568,000.00.

Duolingo Price Performance

Duolingo stock opened at $301.12 on Thursday. The firm has a market cap of $13.62 billion, a PE ratio of 164.55 and a beta of 0.92. 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 fifty day moving average price is $348.11 and its two-hundred day moving average price is $318.30. Duolingo, Inc. has a one year low of $145.05 and a one year high of $441.77.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The company had revenue of $209.55 million during the quarter, compared to the consensus estimate of $205.49 million. As a group, research analysts expect that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Hedge Funds Weigh In On Duolingo

Hedge funds and other institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System raised its position in Duolingo by 5.4% during the fourth quarter. California State Teachers Retirement System now owns 31,778 shares of the company’s stock valued at $10,303,000 after purchasing an additional 1,635 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Duolingo by 74.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,518 shares of the company’s stock valued at $1,141,000 after purchasing an additional 1,505 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Duolingo during the 4th quarter worth $22,343,000. Armis Advisers LLC bought a new stake in shares of Duolingo during the 4th quarter worth $450,000. Finally, Polar Asset Management Partners Inc. acquired a new stake in Duolingo in the fourth quarter valued at about $4,734,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DUOL has been the subject of several research analyst reports. UBS Group set a $400.00 target price on Duolingo in a research note on Tuesday. Piper Sandler lifted their price objective on shares of Duolingo from $351.00 to $390.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Jefferies Financial Group initiated coverage on shares of Duolingo in a research report on Friday, January 24th. They issued a “hold” rating and a $370.00 price objective on the stock. JPMorgan Chase & Co. upped their price target on shares of Duolingo from $400.00 to $410.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Finally, Scotiabank started coverage on shares of Duolingo in a research report on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 price objective for the company. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $376.25.

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.