Stephen Chen Sells 1,901 Shares of Duolingo (NASDAQ:DUOL) Stock

Duolingo, Inc. (NASDAQ:DUOLGet Free Report) General Counsel Stephen Chen sold 1,901 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $113.26, for a total value of $215,307.26. Following the sale, the general counsel owned 30,545 shares of the company’s stock, valued at approximately $3,459,526.70. This represents a 5.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Duolingo Stock Performance

Duolingo stock opened at $112.94 on Friday. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.07. The stock has a market cap of $5.22 billion, a PE ratio of 14.31, a P/E/G ratio of 0.60 and a beta of 0.86. Duolingo, Inc. has a 12-month low of $107.16 and a 12-month high of $544.93. The business’s 50-day moving average price is $152.08 and its two-hundred day moving average price is $232.39.

Institutional Investors Weigh In On Duolingo

A number of institutional investors have recently made changes to their positions in the stock. EFG International AG acquired a new position in shares of Duolingo in the fourth quarter worth approximately $26,000. Atlantic Union Bankshares Corp bought a new position in Duolingo during the 3rd quarter worth approximately $32,000. AlphaCentric Advisors LLC bought a new position in Duolingo during the 4th quarter worth approximately $33,000. Emerald Mutual Fund Advisers Trust acquired a new position in shares of Duolingo in the 2nd quarter worth approximately $40,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of Duolingo by 82.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 133 shares of the company’s stock valued at $43,000 after purchasing an additional 60 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

Trending Headlines about Duolingo

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Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Morgan Stanley cut their target price on shares of Duolingo from $275.00 to $245.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 3rd. BMO Capital Markets raised Duolingo to a “buy” rating in a report on Monday, January 12th. Truist Financial set a $245.00 price objective on Duolingo in a research report on Thursday, January 15th. Barclays dropped their target price on Duolingo from $390.00 to $230.00 and set an “equal weight” rating for the company in a research report on Thursday, November 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Duolingo in a report on Monday, December 29th. Eleven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $292.37.

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Duolingo Company Profile

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Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.

Further Reading

Insider Buying and Selling by Quarter for Duolingo (NASDAQ:DUOL)

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