Duolingo, Inc. (NASDAQ:DUOL) General Counsel Sells $421,816.46 in Stock

Key Points

• Duolingo's General Counsel, Stephen C. Chen, sold 1,282 shares of stock for $421,816.46, reducing his ownership by 3.62% while still holding 34,153 shares valued at over $11 million.
• The company's stock recently traded at $369.19, with institutional investors owning approximately 91.59% of the stock, indicating strong institutional interest.
• Duolingo reported quarterly earnings of $0.91 per share, exceeding analysts' expectations and showing a 41.5% revenue increase compared to the same quarter last year.

Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) General Counsel Stephen C. Chen sold 1,282 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $329.03, for a total value of $421,816.46. Following the sale, the general counsel owned 34,153 shares in the company, valued at $11,237,361.59. This trade represents a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Duolingo Stock Performance

Duolingo stock traded up $42.26 during mid-day trading on Monday, hitting $369.19. 3,132,179 shares of the company's stock traded hands, compared to its average volume of 1,888,697. The firm has a 50 day moving average price of $391.96 and a 200 day moving average price of $392.16. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.10. The company has a market cap of $16.92 billion, a PE ratio of 134.54, a price-to-earnings-growth ratio of 2.18 and a beta of 0.87. Duolingo, Inc. has a one year low of $201.02 and a one year high of $544.93.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.36. Duolingo had a return on equity of 13.32% and a net margin of 13.24%. The company had revenue of $252.27 million for the quarter, compared to the consensus estimate of $240.84 million. During the same quarter in the previous year, the business earned $0.51 EPS. The company's quarterly revenue was up 41.5% compared to the same quarter last year. On average, equities analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current year.

Hedge Funds Weigh In On Duolingo

A number of hedge funds have recently modified their holdings of DUOL. Contravisory Investment Management Inc. purchased a new position in shares of Duolingo during the first quarter valued at $25,000. Rise Advisors LLC grew its holdings in shares of Duolingo by 43.6% during the first quarter. Rise Advisors LLC now owns 79 shares of the company's stock valued at $25,000 after buying an additional 24 shares in the last quarter. Summit Securities Group LLC purchased a new position in shares of Duolingo during the first quarter valued at $28,000. Quarry LP grew its holdings in shares of Duolingo by 250.0% during the fourth quarter. Quarry LP now owns 91 shares of the company's stock valued at $30,000 after buying an additional 65 shares in the last quarter. Finally, Brooklyn Investment Group grew its holdings in shares of Duolingo by 4,750.0% during the first quarter. Brooklyn Investment Group now owns 97 shares of the company's stock valued at $30,000 after buying an additional 95 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. JMP Securities dropped their target price on Duolingo from $475.00 to $450.00 and set a "market outperform" rating on the stock in a research report on Monday, July 28th. Citigroup began coverage on shares of Duolingo in a research note on Monday. They issued a "buy" rating and a $400.00 price target on the stock. Argus began coverage on shares of Duolingo in a research note on Wednesday, June 25th. They issued a "buy" rating and a $575.00 price target on the stock. KeyCorp upgraded Duolingo from a "sector weight" rating to an "overweight" rating and set a $460.00 price target for the company in a research report on Monday. Finally, Barclays boosted their target price on shares of Duolingo from $375.00 to $390.00 and gave the company an "equal weight" rating in a report on Thursday, August 7th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $451.35.

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.

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