Duolingo, Inc. (NASDAQ:DUOL) General Counsel Stephen C. Chen Sells 2,064 Shares

Duolingo, Inc. (NASDAQ:DUOL) General Counsel Stephen C. Chen sold 2,064 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total value of $898,087.68. Following the transaction, the general counsel now directly owns 34,634 shares in the company, valued at $15,069,946.08. The trade was a 5.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Duolingo Trading Down 2.5 %

Shares of DUOL stock opened at $421.78 on Friday. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $441.77. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The firm has a market capitalization of $18.55 billion, a PE ratio of 230.48 and a beta of 0.89. The stock has a fifty day simple moving average of $356.02 and a two-hundred day simple moving average of $301.79.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Needham & Company LLC increased their price target on Duolingo from $370.00 to $385.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Piper Sandler increased their price target on Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. increased their price target on Duolingo from $360.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. DA Davidson increased their price target on Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, UBS Group raised their target price on Duolingo from $408.00 to $410.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $355.55.

Institutional Investors Weigh In On Duolingo

Institutional investors have recently bought and sold shares of the business. True Wealth Design LLC purchased a new stake in Duolingo in the 3rd quarter worth $26,000. First Horizon Advisors Inc. purchased a new position in shares of Duolingo during the third quarter valued at about $29,000. Quarry LP grew its position in shares of Duolingo by 250.0% during the fourth quarter. Quarry LP now owns 91 shares of the company’s stock valued at $30,000 after purchasing an additional 65 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Duolingo during the fourth quarter valued at about $31,000. Finally, Harvest Fund Management Co. Ltd grew its position 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 purchasing an additional 101 shares in the last quarter. 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.