Duolingo, Inc. (NASDAQ:DUOL) CFO Sells $1,429,459.52 in Stock

Duolingo, Inc. (NASDAQ:DUOL) CFO Matthew Skaruppa sold 3,284 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $435.28, for a total value of $1,429,459.52. Following the completion of the transaction, the chief financial officer now owns 59,982 shares in the company, valued at approximately $26,108,964.96. The trade was a 5.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Matthew Skaruppa also recently made the following trade(s):

• On Monday, January 13th, Matthew Skaruppa sold 4,464 shares of Duolingo stock. The stock was sold at an average price of $313.55, for a total value of $1,399,687.20.
• On Thursday, January 2nd, Matthew Skaruppa sold 5,000 shares of Duolingo stock. The stock was sold at an average price of $324.48, for a total value of $1,622,400.00.

Duolingo Stock Performance

Duolingo stock traded down $10.74 during mid-day trading on Thursday, reaching $421.78. 945,652 shares of the company’s stock were exchanged, compared to its average volume of 632,895. The business’s fifty day simple moving average is $354.37 and its 200 day simple moving average is $300.95. The firm has a market capitalization of $18.55 billion, a PE ratio of 230.48 and a beta of 0.89. Duolingo, Inc. has a one year low of $145.05 and a one year high of $441.77. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07.

Institutional Trading of Duolingo

Large investors have recently bought and sold shares of the company. True Wealth Design LLC purchased a new stake in Duolingo in the third quarter worth $26,000. First Horizon Advisors Inc. purchased a new stake in Duolingo in the third quarter worth $29,000. Quarry LP increased its position in Duolingo by 250.0% in the fourth quarter. Quarry LP now owns 91 shares of the company’s stock worth $30,000 after buying an additional 65 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Duolingo in the fourth quarter worth $31,000. Finally, Harvest Fund Management Co. Ltd increased its position in Duolingo by 5,050.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock worth $33,000 after buying an additional 101 shares during the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DUOL has been the topic of a number of recent research reports. DA Davidson raised their target price on Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a report on Thursday, November 7th. JMP Securities restated a “market perform” rating on shares of Duolingo in a report on Friday, February 14th. Seaport Res Ptn lowered Duolingo from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. 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. Finally, Piper Sandler raised their target price on Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Seven 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 currently has an average rating of “Moderate Buy” and a consensus target price 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.