Duolingo, Inc. (NASDAQ:DUOL) General Counsel Sells $898,087.68 in Stock

Duolingo, Inc. (NASDAQ:DUOL) General Counsel Stephen C. Chen sold 2,064 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total transaction of $898,087.68. Following the completion of the transaction, the general counsel now owns 34,634 shares in the company, valued at $15,069,946.08. The trade was a 5.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Duolingo Price Performance

Shares of DUOL traded down $8.87 during mid-day trading on Wednesday, hitting $432.52. 821,480 shares of the company traded hands, compared to its average volume of 623,119. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a one year low of $145.05 and a one year high of $441.77. The stock has a market capitalization of $19.03 billion, a price-to-earnings ratio of 236.35 and a beta of 0.89. The business has a 50-day moving average of $352.61 and a 200 day moving average of $300.03.

Institutional Trading of Duolingo

A number of institutional investors have recently modified their holdings of the company. True Wealth Design LLC bought a new position in shares of Duolingo in the 3rd quarter valued at about $26,000. First Horizon Advisors Inc. bought a new stake in shares of Duolingo in the third quarter valued at about $29,000. Quarry LP increased its stake in Duolingo by 250.0% during the 4th quarter. Quarry LP now owns 91 shares of the company’s stock worth $30,000 after acquiring an additional 65 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Duolingo in the 4th quarter valued at approximately $31,000. Finally, Harvest Fund Management Co. Ltd lifted its holdings in shares of Duolingo by 5,050.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock worth $33,000 after acquiring an additional 101 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on DUOL. The Goldman Sachs Group increased their price target on Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Jefferies Financial Group initiated coverage on Duolingo in a report on Friday, January 24th. They set a “hold” rating and a $370.00 price target on the stock. DA Davidson upped their price objective on shares of Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Seaport Res Ptn cut shares of Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, UBS Group raised their target price on shares of Duolingo from $408.00 to $410.00 and gave the company a “buy” rating in a report on Monday, January 27th. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $355.55.

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.