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

Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) CEO Ahn Luis Von sold 8,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $434.79, for a total transaction of $3,478,320.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, January 15th, Ahn Luis Von sold 8,000 shares of Duolingo stock. The shares were sold at an average price of $321.00, for a total transaction of $2,568,000.00.
• On Thursday, December 12th, Ahn Luis Von sold 41,759 shares of Duolingo stock. The stock was sold at an average price of $340.29, for a total value of $14,210,170.11.

Duolingo Stock Performance

NASDAQ:DUOL traded down $36.81 during trading hours on Friday, hitting $384.97. 826,662 shares of the company were exchanged, compared to its average volume of 637,513. 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 52-week low of $145.05 and a 52-week high of $441.77. The stock has a market capitalization of $16.93 billion, a price-to-earnings ratio of 210.37 and a beta of 0.89. The company's 50 day moving average price is $356.02 and its 200-day moving average price is $301.79.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DUOL. Scotiabank initiated coverage on Duolingo in a research report on Thursday, December 5th. They set a "sector outperform" rating and a $425.00 target price for the company. JPMorgan Chase & Co. raised their price target on Duolingo from $360.00 to $400.00 and gave the company an "overweight" rating in a research note on Thursday, December 12th. Bank of America lowered shares of Duolingo from a "buy" rating to a "neutral" rating and upped their price objective for the stock from $355.00 to $375.00 in a research note on Wednesday, December 11th. The Goldman Sachs Group increased their price objective on shares of Duolingo from $250.00 to $275.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Finally, Jefferies Financial Group began coverage on shares of Duolingo in a research note on Friday, January 24th. They issued a "hold" rating and a $370.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Duolingo has an average rating of "Moderate Buy" and a consensus price target of $355.55.

Hedge Funds Weigh In On Duolingo

Hedge funds have recently made changes to their positions in the company. True Wealth Design LLC purchased a new stake in Duolingo during the 3rd quarter valued at about $26,000. First Horizon Advisors Inc. acquired a new stake in shares of Duolingo during the third quarter worth about $29,000. Quarry LP increased its holdings in Duolingo by 250.0% in the 4th quarter. Quarry LP now owns 91 shares of the company's stock worth $30,000 after buying an additional 65 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in Duolingo during the 4th quarter worth approximately $31,000. Finally, Harvest Fund Management Co. Ltd lifted its stake in Duolingo by 5,050.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock valued at $33,000 after acquiring an additional 101 shares during the period. 91.59% of the stock is owned by institutional investors and hedge funds.

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.