Insider Selling: Duolingo (NASDAQ:DUOL) CFO Sells $452,490.72 in Stock

Duolingo, Inc. (NASDAQ:DUOLGet Free Report) CFO Matthew Skaruppa sold 3,986 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $113.52, for a total transaction of $452,490.72. Following the completion of the sale, the chief financial officer owned 31,631 shares in the company, valued at $3,590,751.12. This represents a 11.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

  • On Tuesday, February 17th, Matthew Skaruppa sold 1,870 shares of Duolingo stock. The shares were sold at an average price of $110.06, for a total value of $205,812.20.

Duolingo Stock Performance

DUOL stock opened at $112.94 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.82 and a quick ratio of 2.82. Duolingo, Inc. has a 1 year low of $107.16 and a 1 year high of $544.93. The company has a market cap of $5.22 billion, a P/E ratio of 14.31, a price-to-earnings-growth ratio of 0.60 and a beta of 0.86. The stock’s fifty day moving average price is $152.08 and its 200-day moving average price is $231.60.

Key Headlines Impacting Duolingo

Here are the key news stories impacting Duolingo this week:

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of DUOL. EFG International AG bought a new stake in Duolingo during the fourth quarter valued at about $26,000. Atlantic Union Bankshares Corp bought a new stake in Duolingo during the 3rd quarter valued at approximately $32,000. AlphaCentric Advisors LLC purchased a new position in Duolingo in the 4th quarter worth approximately $33,000. Emerald Mutual Fund Advisers Trust purchased a new position in Duolingo in the 2nd quarter worth approximately $40,000. Finally, Farther Finance Advisors LLC boosted its stake in Duolingo by 82.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 133 shares of the company’s stock worth $43,000 after purchasing an additional 60 shares during the period. Institutional investors own 91.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. DA Davidson lowered their price objective on shares of Duolingo from $205.00 to $170.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 27th. Morgan Stanley decreased their price target 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. JPMorgan Chase & Co. cut their price objective on shares of Duolingo from $300.00 to $200.00 and set an “overweight” rating for the company in a research report on Tuesday, January 20th. Truist Financial set a $245.00 price objective on Duolingo in a research note on Thursday, January 15th. Finally, BMO Capital Markets upgraded Duolingo to a “buy” rating in a research report on Monday, January 12th. Eleven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $292.37.

Get Our Latest Analysis on DUOL

About Duolingo

(Get Free Report)

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.

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

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