Insider Selling: Duolingo, Inc. (NASDAQ:DUOL) CEO Sells 8,000 Shares of Stock

Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) CEO Ahn Luis Von sold 8,000 shares of Duolingo stock in a transaction on Monday, March 17th. The shares were sold at an average price of $293.80, for a total value of $2,350,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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 Stock Up 1.0 %

DUOL stock traded up $3.13 during trading on Friday, reaching $309.30. 868,382 shares of the stock were exchanged, compared to its average volume of 699,528. The firm's 50 day moving average is $347.58 and its 200 day moving average is $318.89. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $441.77. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The firm has a market cap of $13.99 billion, a P/E ratio of 169.02 and a beta of 0.92.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.19). The company had revenue of $209.55 million during the quarter, compared to analysts' expectations of $205.49 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. As a group, research analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current year.

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Analyst Upgrades and Downgrades

DUOL has been the topic of a number of research reports. Scotiabank initiated coverage on Duolingo in a research report on Thursday, December 5th. They set a "sector outperform" rating and a $425.00 price objective on the stock. Bank of America lowered Duolingo from a "buy" rating to a "neutral" rating and upped their price target for the company from $355.00 to $375.00 in a research report on Wednesday, December 11th. UBS Group set a $400.00 price target on Duolingo in a research report on Tuesday. Citizens Jmp upgraded Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 price target on the stock in a research report on Tuesday. Finally, Needham & Company LLC upped their price target on Duolingo from $385.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $376.25.

Institutional Trading of Duolingo

Several institutional investors and hedge funds have recently modified their holdings of the stock. Catalyst Capital Advisors LLC bought a new position in shares of Duolingo in the fourth quarter valued at approximately $1,994,000. Taika Capital LP bought a new position in shares of Duolingo in the fourth quarter valued at approximately $2,697,000. Lecap Asset Management Ltd. bought a new position in shares of Duolingo in the fourth quarter valued at approximately $429,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Duolingo by 42.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company's stock valued at $96,530,000 after acquiring an additional 101,653 shares in the last quarter. Finally, Rockefeller Capital Management L.P. bought a new position in shares of Duolingo in the third quarter valued at approximately $4,350,000. 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.