Insider Selling: Duolingo, Inc. (NASDAQ:DUOL) CFO Sells 3,284 Shares of Stock

Duolingo, Inc. (NASDAQ:DUOL) CFO Matthew Skaruppa sold 3,284 shares of Duolingo stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $435.28, for a total transaction of $1,429,459.52. Following the sale, the chief financial officer now owns 59,982 shares of the company’s stock, valued at approximately $26,108,964.96. This represents a 5.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, January 13th, Matthew Skaruppa sold 4,464 shares of Duolingo stock. The stock was sold at an average price of $313.55, for a total transaction of $1,399,687.20.
• On Thursday, January 2nd, Matthew Skaruppa sold 5,000 shares of Duolingo stock. The stock was sold at an average price of $324.48, for a total transaction of $1,622,400.00.

Duolingo Stock Performance

Shares of DUOL opened at $385.35 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $441.77. The firm’s 50 day moving average price is $356.96 and its two-hundred day moving average price is $303.37. The firm has a market cap of $16.95 billion, a P/E ratio of 210.57 and a beta of 0.89.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on DUOL shares. Seaport Res Ptn cut shares of Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Barclays lifted their price target on shares of Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 7th. Scotiabank assumed coverage on shares of Duolingo in a research note on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Duolingo from $360.00 to $400.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Finally, JMP Securities reissued a “market perform” rating on shares of Duolingo in a research note on Friday, February 14th. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $355.55.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of DUOL. Bleakley Financial Group LLC bought a new position in Duolingo in the third quarter valued at approximately $265,000. Blue Trust Inc. lifted its stake in 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 buying an additional 327 shares in the last quarter. International Assets Investment Management LLC lifted its stake in 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 buying an additional 353,918 shares in the last quarter. Joel Isaacson & Co. LLC lifted its position 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 worth $489,000 after purchasing an additional 200 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Duolingo in the third quarter worth $568,000. Institutional investors own 91.59% of the company’s stock.

Duolingo Company Profile

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.