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

Duolingo, Inc. (NASDAQ:DUOL) CEO Ahn Luis Von sold 8,000 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $321.00, for a total value of $2,568,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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

Shares of DUOL opened at $351.13 on Friday. The firm has a market cap of $15.45 billion, a price-to-earnings ratio of 191.88 and a beta of 0.87. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The business’s 50 day moving average is $337.06 and its two-hundred day moving average is $268.38. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $378.48.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.14. The firm had revenue of $192.59 million for the quarter, compared to analysts’ expectations of $189.19 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The firm’s quarterly revenue was up 39.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.06 earnings per share. Analysts forecast that Duolingo, Inc. will post 2.02 EPS for the current fiscal year.

Institutional Trading of Duolingo

Hedge funds and other institutional investors have recently bought and sold shares of the company. Dragoneer Investment Group LLC acquired a new position in shares of Duolingo in the 2nd quarter worth approximately $204,768,000. Charles Schwab Investment Management Inc. boosted its holdings in Duolingo by 42.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company’s stock worth $96,530,000 after purchasing an additional 101,653 shares during the period. Teachers Retirement System of The State of Kentucky increased its stake in Duolingo by 23.7% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 67,114 shares of the company’s stock valued at $14,005,000 after purchasing an additional 12,860 shares during the last quarter. Lisanti Capital Growth LLC increased its stake in Duolingo by 17.8% during the third quarter. Lisanti Capital Growth LLC now owns 11,645 shares of the company’s stock valued at $3,284,000 after purchasing an additional 1,760 shares during the last quarter. Finally, Rockefeller Capital Management L.P. acquired a new stake in shares of Duolingo during the third quarter worth $4,350,000. 91.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on DUOL shares. DA Davidson lifted their price target on shares of Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. upped their price target on shares of Duolingo from $360.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Bank of America lowered Duolingo from a “buy” rating to a “neutral” rating and raised their price objective for the company from $355.00 to $375.00 in a research report on Wednesday, December 11th. Piper Sandler upped their target price on Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Finally, Needham & Company LLC raised their target price on Duolingo from $370.00 to $385.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $353.90.

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.