Matthew Skaruppa Sells 3,986 Shares of Duolingo (NASDAQ:DUOL) Stock

Duolingo, Inc. (NASDAQ:DUOLGet Free Report) CFO Matthew Skaruppa sold 3,986 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $113.52, for a total value of $452,490.72. Following the completion of the transaction, the chief financial officer owned 31,631 shares in the company, valued at approximately $3,590,751.12. This trade represents a 11.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Matthew Skaruppa also recently made the following trade(s):

  • On Tuesday, February 17th, Matthew Skaruppa sold 1,870 shares of Duolingo stock. The stock was sold at an average price of $110.06, for a total value of $205,812.20.

Duolingo Trading Up 1.6%

NASDAQ DUOL opened at $112.94 on Friday. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 0.60 and a beta of 0.86. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.82 and a current ratio of 2.82. Duolingo, Inc. has a one year low of $107.16 and a one year high of $544.93. The company’s 50 day moving average price is $152.08 and its 200 day moving average price is $232.39.

Institutional Investors Weigh In On Duolingo

A number of hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC raised its position in shares of Duolingo by 1,868.2% in the 1st quarter. NewEdge Advisors LLC now owns 433 shares of the company’s stock valued at $134,000 after purchasing an additional 411 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Duolingo by 123.9% in the first quarter. Goldman Sachs Group Inc. now owns 87,556 shares of the company’s stock worth $27,190,000 after buying an additional 48,451 shares during the last quarter. Focus Partners Wealth increased its stake in shares of Duolingo by 28.3% in the first quarter. Focus Partners Wealth now owns 2,021 shares of the company’s stock worth $628,000 after buying an additional 446 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Duolingo in the second quarter valued at $230,000. Finally, Allianz Asset Management GmbH boosted its stake in Duolingo by 123.5% during the 2nd quarter. Allianz Asset Management GmbH now owns 18,251 shares of the company’s stock valued at $7,483,000 after acquiring an additional 10,085 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Duolingo News Summary

Here are the key news stories impacting Duolingo this week:

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on DUOL shares. Citizens Jmp cut shares of Duolingo from a “market outperform” rating to a “hold” rating in a research report on Thursday, November 6th. The Goldman Sachs Group decreased their target price on Duolingo from $425.00 to $250.00 and set a “neutral” rating for the company in a research report on Friday, November 7th. Wells Fargo & Company lowered their target price on Duolingo from $185.00 to $160.00 and set an “underweight” rating for the company in a research note on Thursday, January 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Duolingo in a research report on Monday, December 29th. Finally, Citigroup restated a “market perform” rating on shares of Duolingo in a report on Monday, January 12th. Eleven research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $292.37.

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Duolingo Company Profile

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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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