Duolingo, Inc. (NASDAQ:DUOL) CFO Sells $1,399,687.20 in Stock

Duolingo, Inc. (NASDAQ:DUOL) CFO Matthew Skaruppa sold 4,464 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $313.55, for a total transaction of $1,399,687.20. Following the sale, the chief financial officer now directly owns 63,266 shares of the company’s stock, valued at approximately $19,837,054.30. This represents a 6.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Thursday, January 2nd, Matthew Skaruppa sold 5,000 shares of Duolingo stock. The shares were sold at an average price of $324.48, for a total transaction of $1,622,400.00.

Duolingo Trading Down 1.2 %

Shares of DUOL stock traded down $3.86 during trading hours on Tuesday, hitting $312.52. The company had a trading volume of 428,672 shares, compared to its average volume of 481,496. The company’s fifty day moving average is $336.04 and its 200 day moving average is $266.40. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $378.48. The stock has a market capitalization of $13.75 billion, a PE ratio of 170.78 and a beta of 0.87.

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

Hedge Funds Weigh In On Duolingo

Several large investors have recently made changes to their positions in the stock. Mount Lucas Management LP lifted its holdings in shares of Duolingo by 2.4% in the 3rd quarter. Mount Lucas Management LP now owns 1,340 shares of the company’s stock worth $378,000 after acquiring an additional 32 shares during the last quarter. CIBC Asset Management Inc boosted its position in Duolingo by 3.1% in the 3rd quarter. CIBC Asset Management Inc now owns 1,061 shares of the company’s stock valued at $299,000 after buying an additional 32 shares during the period. Mercer Global Advisors Inc. ADV boosted its position in Duolingo by 3.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,962 shares of the company’s stock valued at $409,000 after buying an additional 73 shares during the period. Farther Finance Advisors LLC boosted its position in Duolingo by 164.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after buying an additional 79 shares during the period. Finally, True Wealth Design LLC purchased a new position in Duolingo in the 3rd quarter valued at approximately $26,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DUOL. DA Davidson upped their price objective on shares of Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Seaport Res Ptn cut shares of Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. UBS Group upped their price objective on shares of Duolingo from $355.00 to $408.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Barclays upped their price objective on shares of Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a research note on Thursday, November 7th. Finally, Bank of America lowered shares of Duolingo from a “buy” rating to a “neutral” rating and boosted their target price for the company from $355.00 to $375.00 in a report on Wednesday, December 11th. Six equities research 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’s stock. According to MarketBeat.com, Duolingo has an average rating of “Moderate Buy” and a consensus target price of $353.90.

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.