Insider Selling: Duolingo, Inc. (NASDAQ:DUOL) CEO Sells $2,568,000.00 in Stock

Duolingo, Inc. (NASDAQ:DUOL) CEO Ahn Luis Von sold 8,000 shares of Duolingo stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $321.00, for a total transaction of $2,568,000.00. The sale was disclosed in a document filed with the SEC, which is available through this link.

Ahn Luis Von also recently made the following trade(s):

• On Thursday, December 12th, Ahn Luis Von sold 41,759 shares of Duolingo stock. The shares were sold at an average price of $340.29, for a total transaction of $14,210,170.11.

Duolingo Price Performance

Shares of Duolingo stock opened at $351.13 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 stock has a market capitalization of $15.44 billion, a price-to-earnings ratio of 191.88 and a beta of 0.87. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $378.48. The firm’s 50-day moving average price is $337.06 and its two-hundred day moving average price is $268.90.

Duolingo (NASDAQ:DUOL) last announced its earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.14. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The company had revenue of $192.59 million for the quarter, compared to analyst estimates of $189.19 million. During the same period in the prior year, the business earned $0.06 earnings per share. Duolingo’s quarterly revenue was up 39.9% on a year-over-year basis. On average, equities analysts predict that Duolingo, Inc. will post 2.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Bank of America lowered shares of Duolingo from a “buy” rating to a “neutral” rating and lifted their target price for the company from $355.00 to $375.00 in a research note on Wednesday, December 11th. Needham & Company LLC lifted their target price on shares of Duolingo from $370.00 to $385.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. DA Davidson lifted their price objective on shares of Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Barclays lifted their price objective on shares of Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a research note on Thursday, November 7th. Finally, UBS Group lifted their price objective on shares of Duolingo from $355.00 to $408.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Six investment 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 data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $353.90.

Institutional Investors Weigh In On Duolingo

Several large investors have recently bought and sold shares of the company. True Wealth Design LLC bought a new stake in shares of Duolingo during the third quarter worth $26,000. First Horizon Advisors Inc. bought a new stake in shares of Duolingo during the third quarter worth $29,000. Farther Finance Advisors LLC increased its position in shares of Duolingo by 164.6% during the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock worth $36,000 after acquiring an additional 79 shares in the last quarter. Mark Sheptoff Financial Planning LLC bought a new position in Duolingo in the second quarter valued at $36,000. Finally, Nisa Investment Advisors LLC grew its position in Duolingo by 50.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 180 shares of the company’s stock valued at $58,000 after purchasing an additional 60 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

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.