Duolingo, Inc. (NASDAQ:DUOL) Director Sells $1,550,000.00 in Stock

Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) Director Gillian Munson sold 5,000 shares of the business's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $310.00, for a total transaction of $1,550,000.00. Following the completion of the sale, the director now owns 3,530 shares in the company, valued at approximately $1,094,300. This trade represents a 58.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Duolingo Stock Performance

Shares of NASDAQ DUOL traded up $10.50 during trading hours on Tuesday, reaching $340.50. The stock had a trading volume of 639,639 shares, compared to its average volume of 702,187. The firm has a market cap of $15.41 billion, a price-to-earnings ratio of 186.07 and a beta of 0.92. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $441.77. The firm has a 50-day moving average of $347.86 and a 200-day moving average of $321.31. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07.

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

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Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of DUOL. Catalyst Capital Advisors LLC purchased a new position in shares of Duolingo during the fourth quarter worth about $1,994,000. Taika Capital LP acquired a new position in shares of Duolingo in the fourth quarter valued at approximately $2,697,000. Lecap Asset Management Ltd. purchased a new stake in shares of Duolingo during the fourth quarter worth approximately $429,000. Charles Schwab Investment Management Inc. raised its stake in shares of Duolingo by 42.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company's stock worth $96,530,000 after purchasing an additional 101,653 shares during the last quarter. Finally, Rockefeller Capital Management L.P. acquired a new stake in shares of Duolingo during the third quarter worth $4,350,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on DUOL shares. JMP Securities reissued a "market perform" rating on shares of Duolingo in a research report on Friday, February 14th. Jefferies Financial Group assumed coverage on Duolingo in a report on Friday, January 24th. They issued a "hold" rating and a $370.00 target price for the company. Piper Sandler upped their price target on Duolingo from $351.00 to $390.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. DA Davidson increased their price target on Duolingo from $350.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Finally, Scotiabank began coverage on Duolingo in a research report on Thursday, December 5th. They set a "sector outperform" rating and a $425.00 price objective for the company. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.