Duolingo, Inc. (NASDAQ:DUOL) CFO Sells $1,787,680.00 in Stock

Duolingo, Inc. (NASDAQ:DUOL) CFO Matthew Skaruppa sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $223.46, for a total value of $1,787,680.00. Following the transaction, the chief financial officer now directly owns 64,523 shares in the company, valued at approximately $14,418,309.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, April 1st, Matthew Skaruppa sold 8,000 shares of Duolingo stock. The stock was sold at an average price of $218.39, for a total value of $1,747,120.00.
• On Friday, March 1st, Matthew Skaruppa sold 8,000 shares of Duolingo stock. The shares were sold at an average price of $235.18, for a total value of $1,881,440.00.

Duolingo Trading Up 4.9 %

NASDAQ:DUOL opened at $240.00 on Friday. The company has a market capitalization of $10.29 billion, a PE ratio of 705.90 and a beta of 0.82. Duolingo, Inc. has a 52-week low of $116.82 and a 52-week high of $245.87. The stock has a fifty day simple moving average of $216.60 and a 200-day simple moving average of $204.54. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 0.03.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.05. Duolingo had a net margin of 3.03% and a return on equity of 2.64%. The company had revenue of $150.99 million for the quarter, compared to the consensus estimate of $146.98 million. On average, equities research analysts expect that Duolingo, Inc. will post 1.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Duolingo

Several hedge funds have recently bought and sold shares of DUOL. 9258 Wealth Management LLC boosted its stake in shares of Duolingo by 4.4% during the fourth quarter. 9258 Wealth Management LLC now owns 1,529 shares of the company’s stock valued at $347,000 after acquiring an additional 65 shares during the last quarter. Redhawk Wealth Advisors Inc. boosted its stake in shares of Duolingo by 0.8% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 8,831 shares of the company’s stock worth $2,003,000 after purchasing an additional 72 shares during the last quarter. Xponance Inc. grew its holdings in shares of Duolingo by 4.8% during the fourth quarter. Xponance Inc. now owns 1,774 shares of the company’s stock worth $402,000 after buying an additional 82 shares in the last quarter. Kestra Private Wealth Services LLC raised its position in shares of Duolingo by 6.3% in the fourth quarter. Kestra Private Wealth Services LLC now owns 1,686 shares of the company’s stock valued at $382,000 after buying an additional 100 shares during the last quarter. Finally, Discovery Value Fund purchased a new position in shares of Duolingo during the fourth quarter valued at approximately $27,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on DUOL. UBS Group upped their price target on shares of Duolingo from $230.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. Barclays increased their target price on shares of Duolingo from $173.00 to $243.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 29th. The Goldman Sachs Group boosted their price target on Duolingo from $160.00 to $190.00 and gave the company a “sell” rating in a research report on Thursday, February 29th. Piper Sandler increased their price objective on Duolingo from $217.00 to $282.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. Finally, JPMorgan Chase & Co. started coverage on Duolingo in a report on Monday, March 11th. They issued an “overweight” rating and a $270.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $245.13.

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.