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

Duolingo, Inc. (NASDAQ:DUOL) CFO Matthew Skaruppa sold 3,284 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $435.28, for a total value of $1,429,459.52. Following the completion of the sale, the chief financial officer now directly owns 59,982 shares in the company, valued at approximately $26,108,964.96. The trade was a 5.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

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

Duolingo Trading Down 8.6 %

Shares of DUOL opened at $385.35 on Friday. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $16.95 billion, a P/E ratio of 210.57 and a beta of 0.89. The stock’s fifty day simple moving average is $356.96 and its 200 day simple moving average is $304.33. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $441.77.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. True Wealth Design LLC purchased a new position in shares of Duolingo in the 3rd quarter worth $26,000. First Horizon Advisors Inc. purchased a new position in shares of Duolingo in the 3rd quarter worth $29,000. Quarry LP raised its position in shares of Duolingo by 250.0% in the 4th quarter. Quarry LP now owns 91 shares of the company’s stock worth $30,000 after buying an additional 65 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Duolingo in the 4th quarter worth $31,000. Finally, Harvest Fund Management Co. Ltd increased its holdings 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 purchasing an additional 101 shares in the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DUOL has been the topic of a number of recent research reports. Needham & Company LLC upped their target price on Duolingo from $370.00 to $385.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. The Goldman Sachs Group upped their target price on Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Barclays upped their target price on Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a research note on Thursday, November 7th. JMP Securities reissued a “market perform” rating on shares of Duolingo in a research note on Friday, February 14th. Finally, UBS Group increased their price target on Duolingo from $408.00 to $410.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $355.55.

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.