Duolingo, Inc. (NASDAQ:DUOL) CFO Sells $1,622,400.00 in Stock

Duolingo, Inc. (NASDAQ:DUOL) CFO Matthew Skaruppa sold 5,000 shares of Duolingo stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $324.48, for a total value of $1,622,400.00. Following the transaction, the chief financial officer now owns 67,730 shares in the company, valued at approximately $21,977,030.40. This represents a 6.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Duolingo Stock Performance

Shares of Duolingo stock opened at $340.06 on Monday. The stock has a market capitalization of $14.96 billion, a price-to-earnings ratio of 185.83 and a beta of 0.85. 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 business has a 50-day moving average of $332.32 and a 200 day moving average of $260.67. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $378.48.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.35 by $0.14. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business had revenue of $192.59 million during the quarter, compared to analyst estimates of $189.19 million. During the same quarter last year, the firm posted $0.06 earnings per share. The business’s revenue for the quarter was up 39.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Duolingo, Inc. will post 2.02 earnings per share for the current year.

Institutional Trading of Duolingo

A number of large investors have recently modified their holdings of the stock. Dragoneer Investment Group LLC acquired a new position in Duolingo during the 2nd quarter worth $204,768,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Duolingo by 42.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company’s stock valued at $96,530,000 after buying an additional 101,653 shares during the period. Teachers Retirement System of The State of Kentucky grew its position in shares of Duolingo by 23.7% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 67,114 shares of the company’s stock worth $14,005,000 after buying an additional 12,860 shares in the last quarter. Lisanti Capital Growth LLC increased its stake in shares of Duolingo by 17.8% during the third quarter. Lisanti Capital Growth LLC now owns 11,645 shares of the company’s stock worth $3,284,000 after buying an additional 1,760 shares during the period. Finally, Rockefeller Capital Management L.P. acquired a new stake in Duolingo in the third quarter valued at approximately $4,350,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on DUOL shares. Piper Sandler raised their price objective on shares of Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. UBS Group raised their price target on shares of Duolingo from $355.00 to $408.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. JMP Securities cut Duolingo from an “outperform” rating to a “market perform” rating in a report on Monday, October 14th. Seaport Res Ptn cut Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. upped their price target on Duolingo from $360.00 to $400.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $353.90.

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.