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 that occurred on Monday, March 17th. The shares were sold at an average price of $293.80, for a total transaction of $2,350,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, February 18th, Ahn Luis Von sold 8,000 shares of Duolingo stock. The shares were sold at an average price of $434.79, for a total value of $3,478,320.00.
• 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 value of $2,568,000.00.

Duolingo Stock Performance

Shares of DUOL stock opened at $301.12 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $441.77. The company has a market capitalization of $13.62 billion, a P/E ratio of 164.55 and a beta of 0.92. The stock has a 50 day moving average price of $348.11 and a two-hundred day moving average price of $318.30.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). The firm had revenue of $209.55 million for the quarter, compared to the consensus estimate of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. Analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Institutional Trading of Duolingo

Several large investors have recently modified their holdings of DUOL. FMR LLC raised its position in Duolingo by 39.9% during the 4th quarter. FMR LLC now owns 3,726,561 shares of the company’s stock valued at $1,208,263,000 after purchasing an additional 1,063,327 shares during the last quarter. Norges Bank bought a new position in shares of Duolingo during the fourth quarter valued at approximately $152,296,000. T. Rowe Price Investment Management Inc. lifted its stake in Duolingo by 548.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 470,834 shares of the company’s stock worth $152,659,000 after acquiring an additional 398,259 shares during the period. Invesco Ltd. boosted its holdings in Duolingo by 53.5% in the fourth quarter. Invesco Ltd. now owns 1,085,066 shares of the company’s stock valued at $351,811,000 after acquiring an additional 378,225 shares in the last quarter. Finally, Spyglass Capital Management LLC purchased a new position in Duolingo during the 3rd quarter valued at $38,512,000. 91.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on DUOL shares. Bank of America cut shares of Duolingo from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $355.00 to $375.00 in a research note on Wednesday, December 11th. Scotiabank began coverage on shares of Duolingo in a report on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 price target on the stock. Citizens Jmp raised shares of Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 price objective for the company in a report on Tuesday. UBS Group set a $400.00 target price on shares of Duolingo in a research report on Tuesday. Finally, Barclays raised their price target on Duolingo from $295.00 to $330.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $376.25.

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.