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 business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $434.79, for a total transaction of $3,478,320.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Wednesday, January 15th, Ahn Luis Von sold 8,000 shares of Duolingo stock. The shares were sold at an average price of $321.00, for a total transaction of $2,568,000.00.
• On Thursday, December 12th, Ahn Luis Von sold 41,759 shares of Duolingo stock. The shares were sold at an average price of $340.29, for a total transaction of $14,210,170.11.

Duolingo Stock Performance

Duolingo stock opened at $421.78 on Friday. 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 company has a market capitalization of $18.55 billion, a PE ratio of 230.48 and a beta of 0.89. The firm has a fifty day simple moving average of $356.02 and a two-hundred day simple moving average of $301.79. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $441.77.

Analyst Ratings Changes

A number of research analysts have recently commented on DUOL shares. Jefferies Financial Group started coverage on shares of Duolingo in a research report on Friday, January 24th. They set a “hold” rating and a $370.00 price target for the company. UBS Group lifted their price objective on shares of Duolingo from $408.00 to $410.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Seaport Res Ptn downgraded shares of Duolingo from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Barclays lifted their price objective on shares of Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th. Finally, Needham & Company LLC lifted their price objective on shares of Duolingo from $370.00 to $385.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $355.55.

Institutional Trading of Duolingo

Hedge funds have recently added to or reduced their stakes in the business. Quarry LP lifted its stake in Duolingo by 250.0% in the fourth quarter. Quarry LP now owns 91 shares of the company’s stock worth $30,000 after purchasing an additional 65 shares during the last quarter. True Wealth Design LLC bought a new position in shares of Duolingo during the third quarter valued at about $26,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Duolingo during the fourth quarter valued at about $31,000. First Horizon Advisors Inc. bought a new position in shares of Duolingo during the third quarter valued at about $29,000. Finally, Harvest Fund Management Co. Ltd raised its stake in shares of Duolingo by 5,050.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock valued at $33,000 after acquiring an additional 101 shares during the last quarter. 91.59% of the stock is owned by institutional investors.

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.