Insider Selling: Duolingo, Inc. (NASDAQ:DUOL) CFO Sells 5,000 Shares of Stock

Duolingo, Inc. (NASDAQ:DUOL) CFO Matthew Skaruppa sold 5,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $324.48, for a total transaction of $1,622,400.00. Following the transaction, the chief financial officer now owns 67,730 shares of the company’s stock, valued at $21,977,030.40. The trade was a 6.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Duolingo Price Performance

Shares of Duolingo stock traded up $14.18 during trading on Friday, hitting $340.06. 344,099 shares of the stock traded hands, compared to its average volume of 405,199. The stock has a market cap of $14.96 billion, a price-to-earnings ratio of 185.83 and a beta of 0.85. 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, Inc. has a 52 week low of $145.05 and a 52 week high of $378.48. The firm’s fifty day moving average is $331.35 and its 200-day moving average is $259.10.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.14. The business had revenue of $192.59 million during the quarter, compared to analyst estimates of $189.19 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The company’s revenue was up 39.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.06 earnings per share. Research analysts expect that Duolingo, Inc. will post 2.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DUOL. UBS Group increased their price objective on Duolingo from $355.00 to $408.00 and gave the company a “buy” rating in a report on Thursday, November 14th. DA Davidson lifted their price target on Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. The Goldman Sachs Group boosted their price objective on shares of Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Bank of America cut Duolingo from a “buy” rating to a “neutral” rating and raised their price target for the stock from $355.00 to $375.00 in a research report on Wednesday, December 11th. Finally, Scotiabank initiated coverage on shares of Duolingo in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 price objective on the stock. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $353.90.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. True Wealth Design LLC bought a new position in Duolingo in the 3rd quarter worth $26,000. First Horizon Advisors Inc. bought a new stake in Duolingo during the 3rd quarter valued at approximately $29,000. Larson Financial Group LLC bought a new stake in Duolingo during the 2nd quarter valued at approximately $31,000. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Duolingo during the 2nd quarter worth approximately $36,000. Finally, Farther Finance Advisors LLC raised its position in shares of Duolingo by 164.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock worth $36,000 after acquiring an additional 79 shares in the last quarter. Institutional investors 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.