Duolingo (NASDAQ:DUOL) General Counsel Sells $98,613.76 in Stock

Duolingo, Inc. (NASDAQ:DUOLGet Free Report) General Counsel Stephen Chen sold 896 shares of Duolingo stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $110.06, for a total transaction of $98,613.76. Following the transaction, the general counsel owned 32,446 shares in the company, valued at approximately $3,571,006.76. This trade represents a 2.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Duolingo Trading Up 1.6%

Shares of DUOL opened at $112.94 on Monday. The firm has a market cap of $5.22 billion, a P/E ratio of 14.31, a price-to-earnings-growth ratio of 0.60 and a beta of 0.86. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.82 and a quick ratio of 2.82. Duolingo, Inc. has a 1 year low of $107.16 and a 1 year high of $544.93. The company has a 50 day simple moving average of $152.08 and a two-hundred day simple moving average of $231.60.

Key Headlines Impacting Duolingo

Here are the key news stories impacting Duolingo this week:

Institutional Trading of Duolingo

Hedge funds and other institutional investors have recently bought and sold shares of the stock. EFG International AG purchased a new stake in shares of Duolingo during the 4th quarter worth $26,000. Atlantic Union Bankshares Corp bought a new position in Duolingo in the third quarter worth about $32,000. AlphaCentric Advisors LLC bought a new position in Duolingo in the fourth quarter worth about $33,000. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Duolingo during the second quarter valued at about $40,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Duolingo by 82.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 133 shares of the company’s stock valued at $43,000 after buying an additional 60 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Scotiabank lowered their price target on shares of Duolingo from $600.00 to $300.00 and set a “sector outperform” rating for the company in a report on Thursday, November 6th. Citizens Jmp lowered Duolingo from a “market outperform” rating to a “hold” rating in a research note on Thursday, November 6th. JPMorgan Chase & Co. dropped their target price on Duolingo from $300.00 to $200.00 and set an “overweight” rating for the company in a report on Tuesday, January 20th. Jefferies Financial Group increased their price target on Duolingo from $210.00 to $220.00 and gave the company a “hold” rating in a report on Thursday, December 11th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Duolingo in a research note on Monday, December 29th. Eleven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $292.37.

Check Out Our Latest Analysis on Duolingo

Duolingo Company Profile

(Get Free Report)

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.

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Insider Buying and Selling by Quarter for Duolingo (NASDAQ:DUOL)

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