Duolingo, Inc. (NASDAQ:DUOL) General Counsel Sells $898,087.68 in Stock

Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) General Counsel Stephen C. Chen sold 2,064 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $435.12, for a total transaction of $898,087.68. Following the completion of the sale, the general counsel now owns 34,634 shares in the company, valued at $15,069,946.08. This represents a 5.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Duolingo Trading Down 8.7 %

Shares of DUOL stock 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 firm has a fifty day moving average of $356.02 and a 200 day moving average of $301.79. 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 1 year low of $145.05 and a 1 year high of $441.77. The firm has a market cap of $16.93 billion, a PE ratio of 210.37 and a beta of 0.89.

Hedge Funds Weigh In On Duolingo

A number of large investors have recently bought and sold shares of the stock. True Wealth Design LLC purchased a new stake in shares of Duolingo during the 3rd quarter valued at $26,000. First Horizon Advisors Inc. acquired a new position in Duolingo in the third quarter valued at $29,000. Quarry LP grew its position in Duolingo by 250.0% during the fourth quarter. Quarry LP now owns 91 shares of the company's stock valued at $30,000 after acquiring an additional 65 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Duolingo during the fourth quarter worth about $31,000. Finally, Harvest Fund Management Co. Ltd raised its holdings in shares of Duolingo by 5,050.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock worth $33,000 after purchasing an additional 101 shares during the period. Hedge funds and other institutional investors own 91.59% of the company's stock.

Analyst Upgrades and Downgrades

DUOL has been the topic of several research reports. UBS Group increased their price target on shares of Duolingo from $408.00 to $410.00 and gave the company a "buy" rating in a research report on Monday, January 27th. DA Davidson increased their target price on Duolingo from $250.00 to $350.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Scotiabank began coverage on Duolingo in a report on Thursday, December 5th. They issued a "sector outperform" rating and a $425.00 price target for the company. Needham & Company LLC increased their price objective on Duolingo from $370.00 to $385.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. Finally, Barclays boosted their target price 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. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $355.55.

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.