Duolingo, Inc. (NASDAQ:DUOL) General Counsel Sells $898,087.68 in Stock

Duolingo, Inc. (NASDAQ:DUOL) General Counsel Stephen C. Chen sold 2,064 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total value of $898,087.68. Following the completion of the transaction, the general counsel now directly owns 34,634 shares in the company, valued at $15,069,946.08. This represents a 5.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Duolingo Stock Performance

Shares of Duolingo stock opened at $385.35 on Friday. The company has a market cap of $16.95 billion, a PE ratio of 210.57 and a beta of 0.89. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $441.77. The business has a 50 day moving average price of $356.96 and a 200-day moving average price of $303.37. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07.

Analysts Set New Price Targets

DUOL has been the topic of a number of research reports. Bank of America downgraded Duolingo from a “buy” rating to a “neutral” rating and upped their price target for the stock from $355.00 to $375.00 in a research note on Wednesday, December 11th. JPMorgan Chase & Co. upped their price target on Duolingo from $360.00 to $400.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Piper Sandler upped their price target on Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. The Goldman Sachs Group upped their price target on Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, DA Davidson upped their price target on Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $355.55.

Institutional Trading of Duolingo

Several institutional investors and hedge funds have recently modified their holdings of DUOL. Vontobel Holding Ltd. bought a new position in shares of Duolingo in the third quarter valued at approximately $474,000. Bleakley Financial Group LLC bought a new position in shares of Duolingo in the third quarter valued at approximately $265,000. Blue Trust Inc. grew its holdings in shares of Duolingo by 228.7% in the third quarter. Blue Trust Inc. now owns 470 shares of the company’s stock valued at $133,000 after acquiring an additional 327 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Duolingo by 30,909.9% in the third quarter. International Assets Investment Management LLC now owns 355,063 shares of the company’s stock valued at $100,135,000 after acquiring an additional 353,918 shares in the last quarter. Finally, Joel Isaacson & Co. LLC grew its holdings in shares of Duolingo by 13.0% in the third quarter. Joel Isaacson & Co. LLC now owns 1,734 shares of the company’s stock valued at $489,000 after acquiring an additional 200 shares in the last quarter. 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.