Insider Selling: Duolingo, Inc. (NASDAQ:DUOL) CEO Sells 8,000 Shares of Stock

Duolingo, Inc. (NASDAQ:DUOL) CEO Ahn Luis Von sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $327.41, for a total value of $2,619,280.00. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Monday, March 17th, Ahn Luis Von sold 8,000 shares of Duolingo stock. The stock was sold at an average price of $293.80, for a total transaction of $2,350,400.00.
• 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.

Duolingo Trading Up 0.0 %

Duolingo stock opened at $326.50 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The firm has a 50-day moving average of $333.97 and a 200-day moving average of $329.58. The company has a market cap of $14.77 billion, a price-to-earnings ratio of 178.42 and a beta of 0.91. Duolingo, Inc. has a one year low of $145.05 and a one year high of $441.77.

Duolingo (NASDAQ:DUOL) last issued its quarterly 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 company had revenue of $209.55 million for 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%. On average, equities analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Duolingo

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Contravisory Investment Management Inc. bought a new stake in Duolingo during the first quarter worth $25,000. Quarry LP increased its stake in shares of Duolingo by 250.0% during the 4th quarter. Quarry LP now owns 91 shares of the company’s stock worth $30,000 after purchasing an additional 65 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Duolingo in the 4th quarter valued at about $31,000. Harvest Fund Management Co. Ltd lifted its stake in Duolingo by 5,050.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock valued at $33,000 after purchasing an additional 101 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in Duolingo by 323.1% in the 1st quarter. Versant Capital Management Inc now owns 110 shares of the company’s stock valued at $34,000 after purchasing an additional 84 shares during the last quarter. 91.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on DUOL shares. Citizens Jmp raised Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 target price for the company in a research note on Tuesday, March 18th. Jefferies Financial Group started coverage on Duolingo in a research note on Friday, January 24th. They set a “hold” rating and a $370.00 target price for the company. The Goldman Sachs Group lifted their price target on shares of Duolingo from $275.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. UBS Group lowered their price objective on shares of Duolingo from $430.00 to $400.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Finally, DA Davidson boosted their price objective on shares of Duolingo from $400.00 to $410.00 and gave the company a “buy” rating in a research report on Thursday, March 27th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $372.92.

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.