Insider Selling: Duolingo, Inc. (NASDAQ:DUOL) CEO Sells 1,000 Shares of Stock

Duolingo, Inc. (NASDAQ:DUOL) CEO Ahn Luis Von sold 1,000 shares of Duolingo stock in a transaction on Friday, June 28th. The stock was sold at an average price of $215.00, for a total transaction of $215,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, May 1st, Ahn Luis Von sold 12,000 shares of Duolingo stock. The stock was sold at an average price of $223.51, for a total transaction of $2,682,120.00.

Duolingo Trading Down 0.7 %

NASDAQ DUOL opened at $193.89 on Wednesday. Duolingo, Inc. has a one year low of $121.89 and a one year high of $251.30. The company has a 50-day simple moving average of $201.81 and a 200-day simple moving average of $206.42. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.22 and a current ratio of 3.22. The firm has a market capitalization of $8.36 billion, a PE ratio of 199.89 and a beta of 0.73.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.30 by $0.27. The business had revenue of $167.70 million during the quarter, compared to analyst estimates of $165.60 million. Duolingo had a net margin of 7.82% and a return on equity of 7.08%. The company’s quarterly revenue was up 44.9% on a year-over-year basis. During the same period in the previous year, the business posted ($0.06) EPS. On average, equities analysts forecast that Duolingo, Inc. will post 1.74 earnings per share for the current year.

Institutional Trading of Duolingo

Several hedge funds have recently bought and sold shares of DUOL. Norges Bank bought a new stake in Duolingo in the 4th quarter valued at about $84,042,000. Wellington Management Group LLP lifted 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 during the last quarter. American Century Companies Inc. bought a new stake in Duolingo in the 3rd quarter valued at about $48,552,000. Whale Rock Capital Management LLC lifted its position in Duolingo by 23.9% in the 1st quarter. Whale Rock Capital Management LLC now owns 1,275,189 shares of the company’s stock valued at $281,281,000 after purchasing an additional 245,599 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in Duolingo by 73.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 364,755 shares of the company’s stock valued at $80,459,000 after purchasing an additional 154,659 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DUOL has been the topic of several analyst reports. Barclays dropped their price target on shares of Duolingo from $243.00 to $230.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 9th. Needham & Company LLC lifted their price target on shares of Duolingo from $241.00 to $267.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. JMP Securities raised shares of Duolingo from a “market perform” rating to a “market outperform” rating and set a $260.00 price objective for the company in a report on Tuesday, May 28th. Piper Sandler reissued an “overweight” rating and set a $265.00 price objective (down from $282.00) on shares of Duolingo in a report on Friday, May 10th. Finally, DA Davidson began coverage on shares of Duolingo in a report on Thursday, June 13th. They set a “buy” rating and a $250.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $246.70.

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.