Duolingo (NASDAQ:DUOL) General Counsel Stephen Chen Sells 1,901 Shares of Stock

Duolingo, Inc. (NASDAQ:DUOLGet Free Report) General Counsel Stephen Chen sold 1,901 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $113.26, for a total transaction of $215,307.26. Following the completion of the transaction, the general counsel directly owned 30,545 shares in the company, valued at $3,459,526.70. This trade represents a 5.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Duolingo Price Performance

DUOL stock opened at $112.94 on Friday. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $5.22 billion, a PE ratio of 14.31, a P/E/G ratio of 0.59 and a beta of 0.86. The business’s fifty day moving average price is $152.08 and its 200 day moving average price is $233.14. Duolingo, Inc. has a 12-month low of $107.16 and a 12-month high of $544.93.

Wall Street Analyst Weigh In

DUOL has been the subject of several research analyst reports. DA Davidson decreased their price objective on shares of Duolingo from $205.00 to $170.00 and set a “neutral” rating for the company in a research note on Tuesday, January 27th. Citizens Jmp downgraded Duolingo from a “market outperform” rating to a “hold” rating in a research note on Thursday, November 6th. Morgan Stanley dropped their target price on shares of Duolingo from $275.00 to $245.00 and set an “overweight” rating for the company in a report on Tuesday, February 3rd. The Goldman Sachs Group cut their price target on Duolingo from $425.00 to $250.00 and set a “neutral” rating for the company in a research note on Friday, November 7th. Finally, BMO Capital Markets upgraded Duolingo to a “buy” rating in a report on Monday, January 12th. Eleven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $292.37.

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Institutional Investors Weigh In On Duolingo

Institutional investors and hedge funds have recently made changes to their positions in the company. Bryce Point Capital LLC purchased a new position in shares of Duolingo during the second quarter valued at $946,000. Vanguard Group Inc. lifted its position in Duolingo by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,647,951 shares of the company’s stock worth $1,495,733,000 after acquiring an additional 116,135 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Duolingo during the second quarter worth approximately $14,377,000. Rhumbline Advisers grew its position in Duolingo by 17.2% in the 2nd quarter. Rhumbline Advisers now owns 124,376 shares of the company’s stock worth $50,997,000 after purchasing an additional 18,210 shares during the last quarter. Finally, Jefferies Financial Group Inc. increased its stake in Duolingo by 117.0% during the second quarter. Jefferies Financial Group Inc. now owns 26,367 shares of the company’s stock valued at $10,811,000 after acquiring an additional 14,219 shares during the period. 91.59% of the stock is owned by institutional investors and hedge funds.

Duolingo Company Profile

(Get Free Report)

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.

Further Reading

Insider Buying and Selling by Quarter for Duolingo (NASDAQ:DUOL)

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