Duolingo (NASDAQ:DUOL) General Counsel Sells 8,072 Shares of Stock

Duolingo, Inc. (NASDAQ:DUOL) General Counsel Stephen Chen sold 8,072 shares of Duolingo stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $149.33, for a total transaction of $1,205,391.76. Following the transaction, the general counsel directly owned 43,769 shares in the company, valued at approximately $6,536,024.77. The trade was a 15.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Duolingo Stock Up 1.8%

Shares of DUOL stock traded up $2.78 during mid-day trading on Tuesday, hitting $153.92. 1,378,247 shares of the stock traded hands, compared to its average volume of 1,921,521. The stock has a market cap of $7.20 billion, a P/E ratio of 18.24, a P/E/G ratio of 1.18 and a beta of 0.89. The stock’s fifty day moving average is $138.19 and its two-hundred day moving average is $118.40. Duolingo, Inc. has a 52-week low of $87.89 and a 52-week high of $353.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.72 and a quick ratio of 2.72.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.06. Duolingo had a return on equity of 12.10% and a net margin of 35.88%.The firm had revenue of $298.45 million during the quarter, compared to analysts’ expectations of $295.58 million. During the same quarter last year, the firm earned $0.91 EPS. The business’s quarterly revenue was up 18.3% on a year-over-year basis. Equities analysts predict that Duolingo, Inc. will post 2.62 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on DUOL shares. JPMorgan Chase & Co. raised their price target on shares of Duolingo from $125.00 to $135.00 and gave the stock a “neutral” rating in a report on Thursday, August 27th. Wells Fargo & Company started coverage on shares of Duolingo in a report on Tuesday, August 18th. They set an “overweight” rating on the stock. Evercore set a $105.00 target price on Duolingo in a research report on Thursday, August 6th. Truist Financial raised their target price on Duolingo from $100.00 to $120.00 and gave the stock a “hold” rating in a research note on Thursday, August 6th. Finally, UBS Group lifted their price target on Duolingo from $125.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Duolingo has an average rating of “Hold” and a consensus price target of $124.38.

Institutional Trading of Duolingo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DUOL. Lingotto Investment Management LLP boosted its stake in shares of Duolingo by 34.3% during the 4th quarter. Lingotto Investment Management LLP now owns 33,563 shares of the company’s stock worth $5,890,000 after acquiring an additional 8,563 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new position in shares of Duolingo in the 4th quarter valued at about $3,752,000. Investment House LLC increased its stake in shares of Duolingo by 250.7% in the 4th quarter. Investment House LLC now owns 18,038 shares of the company’s stock valued at $3,166,000 after purchasing an additional 12,894 shares in the last quarter. Leonteq Securities AG acquired a new position in Duolingo in the 4th quarter worth about $1,682,000. Finally, Amundi raised its holdings in Duolingo by 1,351.7% in the 1st quarter. Amundi now owns 449,068 shares of the company’s stock worth $44,265,000 after purchasing an additional 418,134 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

Duolingo Company Profile

Duolingo, Inc develops digital learning products designed to make education accessible through mobile devices and the web. Its primary product is the Duolingo language-learning platform, which offers courses in numerous languages through interactive, game-like lessons, practice exercises and personalized learning features.

The company also provides the Duolingo English Test, an online English-proficiency assessment used by educational institutions and other organizations. In addition, Duolingo has expanded beyond language learning with products such as Duolingo Math and Duolingo Music, while offering premium subscription features through plans including Super Duolingo and Duolingo Max.

Duolingo serves users internationally, with its applications and online services available across a broad range of geographies.