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

Duolingo, Inc. (NASDAQ:DUOL) CFO Matthew Skaruppa sold 8,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were 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 of the company’s stock, valued at approximately $14,418,309.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 shares were 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 stock was sold at an average price of $235.18, for a total transaction of $1,881,440.00.

Duolingo Trading Up 4.9 %

DUOL opened at $240.00 on Friday. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 0.03. The firm has a market cap of $10.29 billion, a P/E 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 business has a fifty day simple moving average of $217.86 and a 200-day simple moving average of $205.05.

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

Analyst Ratings Changes

A number of research firms have weighed in on DUOL. Bank of America raised their target price on shares of Duolingo from $230.00 to $260.00 and gave the stock a “neutral” rating in a research note on Thursday, February 29th. Barclays increased their price target on shares of Duolingo from $173.00 to $243.00 and gave the company an “equal weight” rating in a research note on Thursday, February 29th. Needham & Company LLC lifted their price target on shares of Duolingo from $210.00 to $241.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. UBS Group increased their price objective on Duolingo from $230.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Finally, Seaport Res Ptn restated a “buy” rating on shares of Duolingo in a research report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $245.13.

Institutional Investors Weigh In On Duolingo

Large investors have recently added to or reduced their stakes in the business. CHURCHILL MANAGEMENT Corp acquired a new position in shares of Duolingo in the fourth quarter worth $1,411,000. Raymond James & Associates acquired a new position in Duolingo during the 4th quarter worth $4,211,000. Cerity Partners LLC increased its holdings in Duolingo by 2,767.0% during the 4th quarter. Cerity Partners LLC now owns 46,789 shares of the company’s stock worth $10,614,000 after purchasing an additional 45,157 shares during the period. Wellington Management Group LLP raised its position in Duolingo by 147.6% in the 3rd quarter. Wellington Management Group LLP now owns 602,200 shares of the company’s stock valued at $99,887,000 after purchasing an additional 358,938 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Duolingo in the 4th quarter valued at about $4,374,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

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.