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

Duolingo, Inc. (NASDAQ:DUOL) CEO Ahn Luis Von sold 8,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $434.79, for a total value of $3,478,320.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 value of $2,568,000.00.
• 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

DUOL opened at $432.52 on Thursday. 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 stock’s 50 day moving average price is $354.37 and its two-hundred day moving average price is $300.95. The firm has a market capitalization of $19.03 billion, a P/E ratio of 236.35 and a beta of 0.89. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $441.77.

Institutional Investors Weigh In On Duolingo

Several hedge funds and other institutional investors have recently modified their holdings of DUOL. FMR LLC raised its stake 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. Vanguard Group Inc. increased its holdings in shares of Duolingo by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 3,542,194 shares of the company’s stock worth $1,148,486,000 after purchasing an additional 70,705 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Duolingo by 0.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,339,780 shares of the company’s stock valued at $434,398,000 after buying an additional 10,638 shares during the last quarter. Invesco Ltd. lifted its stake in shares of 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 buying an additional 378,225 shares during the period. Finally, State Street Corp grew its position in Duolingo by 3.6% during the third quarter. State Street Corp now owns 1,076,273 shares of the company’s stock worth $303,530,000 after buying an additional 36,923 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. DA Davidson boosted their target price on shares of Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Scotiabank started coverage on shares of Duolingo in a report on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 price objective for the company. Bank of America lowered Duolingo from a “buy” rating to a “neutral” rating and raised their target price for the company from $355.00 to $375.00 in a report on Wednesday, December 11th. Seaport Res Ptn cut Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group increased their price objective on Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Duolingo presently has a consensus rating of “Moderate Buy” and an average price target of $355.55.

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.