Insider Selling: Duolingo, Inc. (NASDAQ:DUOL) CFO Sells 2,698 Shares of Stock

Duolingo, Inc. (NASDAQ:DUOL) CFO Matthew Skaruppa sold 2,698 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $177.29, for a total value of $478,328.42. Following the transaction, the chief financial officer now owns 86,709 shares of the company’s stock, valued at approximately $15,372,638.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, May 1st, Matthew Skaruppa sold 8,000 shares of Duolingo stock. The shares were sold at an average price of $223.46, for a total transaction of $1,787,680.00.
• On Monday, April 1st, Matthew Skaruppa sold 8,000 shares of Duolingo stock. The stock was sold at an average price of $218.39, for a total transaction of $1,747,120.00.
• On Friday, March 1st, Matthew Skaruppa sold 8,000 shares of Duolingo stock. The shares were sold at an average price of $235.18, for a total transaction of $1,881,440.00.

Duolingo Price Performance

DUOL opened at $176.76 on Thursday. The firm has a market cap of $7.58 billion, a PE ratio of 182.23 and a beta of 0.82. The stock has a 50-day moving average price of $212.99 and a 200-day moving average price of $209.34. Duolingo, Inc. has a 1 year low of $121.89 and a 1 year high of $251.30. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.22 and a quick ratio of 3.22.

Duolingo (NASDAQ:DUOL) last issued its earnings results on Wednesday, May 8th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.27. The business had revenue of $167.70 million during the quarter, compared to analysts’ expectations of $165.60 million. Duolingo had a net margin of 7.82% and a return on equity of 7.08%. The business’s revenue for the quarter was up 44.9% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.06) earnings per share. Sell-side analysts predict that Duolingo, Inc. will post 1.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DUOL has been the topic of several research reports. Piper Sandler reaffirmed an “overweight” rating and set a $265.00 price objective (down from $282.00) on shares of Duolingo in a research report on Friday, May 10th. JPMorgan Chase & Co. began 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. Seaport Res Ptn reiterated a “buy” rating on shares of Duolingo in a report on Tuesday, February 27th. Needham & Company LLC boosted their target price on shares of Duolingo from $241.00 to $267.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Finally, UBS Group upped their target price on shares of Duolingo from $230.00 to $275.00 and gave the stock a “buy” rating in a research report 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.com, the stock presently has an average rating of “Hold” and an average target price of $244.63.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of DUOL. Pinnacle Wealth Planning Services Inc. increased its holdings in Duolingo by 5.5% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 1,046 shares of the company’s stock worth $231,000 after buying an additional 55 shares in the last quarter. 9258 Wealth Management LLC raised its holdings in shares of Duolingo by 4.4% during the fourth quarter. 9258 Wealth Management LLC now owns 1,529 shares of the company’s stock valued at $347,000 after purchasing 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 valued at $2,003,000 after purchasing an additional 72 shares during the period. Xponance Inc. boosted its holdings in Duolingo by 4.8% in the fourth quarter. Xponance Inc. now owns 1,774 shares of the company’s stock worth $402,000 after purchasing an additional 82 shares during the last quarter. Finally, Kestra Private Wealth Services LLC grew its position in Duolingo by 6.3% in the 4th quarter. Kestra Private Wealth Services LLC now owns 1,686 shares of the company’s stock worth $382,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 91.59% of the company’s stock.

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.