Matthew Skaruppa Sells 8,000 Shares of Duolingo, Inc. (NASDAQ:DUOL) Stock

Duolingo, Inc. (NASDAQ:DUOL) CFO Matthew Skaruppa sold 8,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $223.46, for a total transaction of $1,787,680.00. Following the completion of the transaction, the chief financial officer now directly owns 64,523 shares of the company’s stock, valued at approximately $14,418,309.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, April 1st, Matthew Skaruppa sold 8,000 shares of Duolingo stock. The shares were sold at an average price of $218.39, for a total value of $1,747,120.00.
• On Friday, March 1st, Matthew Skaruppa sold 8,000 shares of Duolingo stock. The stock was sold at an average price of $235.18, for a total transaction of $1,881,440.00.

Duolingo Trading Up 4.9 %

Duolingo stock opened at $240.00 on Monday. Duolingo, Inc. has a 52 week low of $116.82 and a 52 week high of $245.87. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.24 and a current ratio of 3.24. The stock has a market capitalization of $10.29 billion, a P/E ratio of 705.90 and a beta of 0.82. The stock has a 50-day simple moving average of $217.86 and a 200 day simple moving average of $205.56.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. Duolingo had a return on equity of 2.64% and a net margin of 3.03%. The business had revenue of $150.99 million during the quarter, compared to analysts’ expectations of $146.98 million. Analysts expect that Duolingo, Inc. will post 1.38 earnings per share for the current year.

Institutional Investors Weigh In On Duolingo

Several hedge funds have recently bought and sold shares of the stock. 9258 Wealth Management LLC lifted its position in Duolingo by 4.4% during the fourth quarter. 9258 Wealth Management LLC now owns 1,529 shares of the company’s stock worth $347,000 after acquiring an additional 65 shares during the last quarter. Redhawk Wealth Advisors Inc. lifted its position in Duolingo by 0.8% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 8,831 shares of the company’s stock worth $2,003,000 after acquiring an additional 72 shares during the last quarter. Xponance Inc. lifted its position in Duolingo by 4.8% during the fourth quarter. Xponance Inc. now owns 1,774 shares of the company’s stock worth $402,000 after acquiring an additional 82 shares during the last quarter. Kestra Private Wealth Services LLC lifted its position in Duolingo by 6.3% during the fourth quarter. Kestra Private Wealth Services LLC now owns 1,686 shares of the company’s stock worth $382,000 after acquiring an additional 100 shares during the last quarter. Finally, Discovery Value Fund acquired a new stake in Duolingo during the fourth quarter worth approximately $27,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DUOL has been the topic of several recent research reports. Piper Sandler lifted their price target on Duolingo from $217.00 to $282.00 and gave the company an “overweight” rating in a research note on Thursday, February 29th. Seaport Res Ptn reissued a “buy” rating on shares of Duolingo in a research note on Tuesday, February 27th. JPMorgan Chase & Co. initiated coverage on Duolingo in a research note on Monday, March 11th. They issued an “overweight” rating and a $270.00 price target on the stock. Needham & Company LLC lifted their price target on Duolingo from $210.00 to $241.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Finally, UBS Group lifted their price target on Duolingo from $230.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Duolingo currently has a consensus rating of “Hold” and a consensus price target of $245.13.

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.