Duolingo, Inc. (NASDAQ:DUOL) CEO Ahn Luis Von Sells 8,000 Shares

Duolingo, Inc. (NASDAQ:DUOL) CEO Ahn Luis Von sold 8,000 shares of Duolingo stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $293.80, for a total value of $2,350,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, February 18th, Ahn Luis Von sold 8,000 shares of Duolingo stock. The stock was sold at an average price of $434.79, for a total value of $3,478,320.00.
• On Wednesday, January 15th, Ahn Luis Von sold 8,000 shares of Duolingo stock. The stock was sold at an average price of $321.00, for a total value of $2,568,000.00.

Duolingo Trading Down 1.8 %

NASDAQ DUOL opened at $288.81 on Wednesday. The business has a 50 day moving average price of $348.55 and a 200-day moving average price of $318.42. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $441.77. The company has a market cap of $13.07 billion, a price-to-earnings ratio of 157.82 and a beta of 0.92. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.19). Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The company had revenue of $209.55 million for the quarter, compared to the consensus estimate of $205.49 million. As a group, equities analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Duolingo

Several institutional investors have recently bought and sold shares of the stock. FMR LLC grew its holdings in Duolingo by 39.9% during the fourth quarter. FMR LLC now owns 3,726,561 shares of the company’s stock worth $1,208,263,000 after buying an additional 1,063,327 shares in the last quarter. Vanguard Group Inc. grew its holdings in Duolingo by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 3,542,194 shares of the company’s stock worth $1,148,486,000 after buying an additional 70,705 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Duolingo by 0.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,339,780 shares of the company’s stock worth $434,398,000 after buying an additional 10,638 shares in the last quarter. Invesco Ltd. grew its holdings in Duolingo by 53.5% during the fourth quarter. Invesco Ltd. now owns 1,085,066 shares of the company’s stock worth $351,811,000 after buying an additional 378,225 shares in the last quarter. Finally, State Street Corp boosted its position in Duolingo by 3.6% in the third quarter. State Street Corp now owns 1,076,273 shares of the company’s stock worth $303,530,000 after purchasing an additional 36,923 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on DUOL shares. Bank of America lowered Duolingo from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $355.00 to $375.00 in a research note on Wednesday, December 11th. JPMorgan Chase & Co. lifted their target price on Duolingo from $400.00 to $410.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Barclays lifted their target price on Duolingo from $295.00 to $330.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. The Goldman Sachs Group lifted their target price on Duolingo from $275.00 to $340.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Finally, Citizens Jmp upgraded Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 target price for the company in a report on Tuesday. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $376.25.

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.