Duolingo, Inc. (NASDAQ:DUOL) CEO Sells 12,000 Shares of Stock

Duolingo, Inc. (NASDAQ:DUOL) CEO Ahn Luis Von sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $223.51, for a total value of $2,682,120.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Monday, April 1st, Ahn Luis Von sold 12,000 shares of Duolingo stock. The shares were sold at an average price of $218.40, for a total value of $2,620,800.00.
• On Monday, March 11th, Ahn Luis Von sold 22,023 shares of Duolingo stock. The stock was sold at an average price of $220.26, for a total transaction of $4,850,785.98.
• On Thursday, March 7th, Ahn Luis Von sold 100 shares of Duolingo stock. The stock was sold at an average price of $215.00, for a total transaction of $21,500.00.
• On Tuesday, March 5th, Ahn Luis Von sold 13,600 shares of Duolingo stock. The shares were sold at an average price of $208.34, for a total transaction of $2,833,424.00.

Duolingo Price Performance

Shares of DUOL opened at $240.00 on Friday. Duolingo, Inc. has a one year low of $116.82 and a one year high of $245.87. The stock’s fifty day moving average is $217.86 and its 200-day moving average is $205.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.24 and a current ratio of 3.24. The firm has a market capitalization of $10.29 billion, a price-to-earnings ratio of 705.90 and a beta of 0.82.

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DUOL. The Goldman Sachs Group raised their target price on shares of Duolingo from $160.00 to $190.00 and gave the stock a “sell” rating in a report on Thursday, February 29th. Piper Sandler boosted their price objective on Duolingo from $217.00 to $282.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. UBS Group upped their price objective on Duolingo from $230.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Needham & Company LLC raised their target price on Duolingo from $210.00 to $241.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Finally, Bank of America upped their price target on shares of Duolingo from $230.00 to $260.00 and gave the stock a “neutral” rating in a research report on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, Duolingo currently has a consensus rating of “Hold” and an average target price of $245.13.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. 9258 Wealth Management LLC boosted its stake in Duolingo by 4.4% during the 4th quarter. 9258 Wealth Management LLC now owns 1,529 shares of the company’s stock valued at $347,000 after purchasing an additional 65 shares in the last quarter. Redhawk Wealth Advisors Inc. lifted its holdings in shares of Duolingo by 0.8% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 8,831 shares of the company’s stock valued at $2,003,000 after buying an additional 72 shares during the period. Xponance Inc. boosted its stake in Duolingo by 4.8% during the fourth quarter. Xponance Inc. now owns 1,774 shares of the company’s stock valued at $402,000 after buying an additional 82 shares in the last quarter. Kestra Private Wealth Services LLC grew its holdings in Duolingo by 6.3% during the fourth quarter. Kestra Private Wealth Services LLC now owns 1,686 shares of the company’s stock worth $382,000 after acquiring an additional 100 shares during the period. Finally, Discovery Value Fund acquired a new stake in Duolingo during the fourth quarter valued at approximately $27,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

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.