Duolingo, Inc. (NASDAQ:DUOL) CEO Ahn Luis Von Sells 8,000 Shares

Duolingo, Inc. (NASDAQ:DUOL) CEO Ahn Luis Von sold 8,000 shares of Duolingo stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $293.80, for a total value of $2,350,400.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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 shares were sold at an average price of $321.00, for a total transaction of $2,568,000.00.

Duolingo Stock Performance

DUOL stock traded down $5.62 during midday trading on Tuesday, reaching $288.56. The company had a trading volume of 558,391 shares, compared to its average volume of 697,908. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $13.06 billion, a PE ratio of 157.68 and a beta of 0.92. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $441.77. The stock has a 50 day moving average price of $349.18 and a 200 day moving average price of $317.89.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.19). The business had revenue of $209.55 million during the quarter, compared to analyst estimates of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. Analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Institutional Trading of Duolingo

Institutional investors have recently modified their holdings of the company. FMR LLC increased its stake in Duolingo by 39.9% in the 4th quarter. FMR LLC now owns 3,726,561 shares of the company’s stock worth $1,208,263,000 after purchasing an additional 1,063,327 shares in the last quarter. Norges Bank purchased a new position in Duolingo in the fourth quarter valued at about $152,296,000. T. Rowe Price Investment Management Inc. increased its holdings in Duolingo by 548.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 470,834 shares of the company’s stock worth $152,659,000 after buying an additional 398,259 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Duolingo by 53.5% during the 4th quarter. Invesco Ltd. now owns 1,085,066 shares of the company’s stock valued at $351,811,000 after purchasing an additional 378,225 shares in the last quarter. Finally, Spyglass Capital Management LLC bought a new stake in shares of Duolingo during the 3rd quarter worth about $38,512,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

DUOL has been the topic of several recent analyst reports. Scotiabank assumed coverage on Duolingo in a research report on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 target price on the stock. Bank of America downgraded Duolingo from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $355.00 to $375.00 in a research report on Wednesday, December 11th. Jefferies Financial Group assumed coverage on shares of Duolingo in a research report on Friday, January 24th. They issued a “hold” rating and a $370.00 price objective for the company. Piper Sandler increased their price target on shares of Duolingo from $351.00 to $390.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Finally, Barclays upped their target price on shares of Duolingo from $295.00 to $330.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Duolingo presently has a consensus rating of “Moderate Buy” and a consensus target price of $376.25.

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.