Duolingo (NASDAQ:DUOL) CEO Ahn Luis Von Sells 37,366 Shares

Key Points

• CEO Luis von Ahn sold 37,366 Duolingo shares for approximately $5.62 million under a pre-arranged Rule 10b5-1 trading plan, reducing his position by 57.2% to 27,960 shares.
• Duolingo shares recently traded at $145.98, down 1.2%, while the company reported quarterly earnings of $0.66 per share and revenue of $298.45 million, exceeding analyst expectations.
• Analysts maintain a consensus “Hold” rating with an average price target of $124.38, despite several firms issuing “Buy” ratings and raising their targets.

Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) CEO Luis van Ahn sold 37,366 shares of the business's stock in a transaction on Monday, September 21st. The shares were sold at an average price of $150.53, for a total transaction of $5,624,703.98. Following the sale, the chief executive officer owned 27,960 shares in the company, valued at approximately $4,208,818.80. This trade represents a 57.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ahn Luis Von also recently made the following trade(s):

• On Tuesday, September 22nd, Luis van Ahn sold 3,614 shares of Duolingo stock. The stock was sold at an average price of $151.91, for a total transaction of $549,002.74.
• On Wednesday, September 16th, Luis van Ahn sold 28,292 shares of Duolingo stock. The stock was sold at an average price of $150.22, for a total transaction of $4,250,024.24.

Duolingo Stock Down 1.2%

NASDAQ DUOL traded down $1.73 during trading hours on Wednesday, reaching $145.98. 1,008,797 shares of the company's stock traded hands, compared to its average volume of 1,893,033. Duolingo, Inc. has a 52-week low of $87.89 and a 52-week high of $353.00. The firm has a market cap of $6.83 billion, a PE ratio of 17.30, a PEG ratio of 1.23 and a beta of 0.89. The firm has a 50-day simple moving average of $140.46 and a 200 day simple moving average of $120.23. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.72 and a quick ratio of 2.72.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.66 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.06. Duolingo had a net margin of 35.88% and a return on equity of 12.10%. The business had revenue of $298.45 million for the quarter, compared to analysts' expectations of $295.58 million. During the same quarter in the prior year, the company earned $0.91 earnings per share. The business's revenue was up 18.3% compared to the same quarter last year. Sell-side analysts anticipate that Duolingo, Inc. will post 2.62 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on DUOL. Wall Street Zen raised Duolingo from a "sell" rating to a "hold" rating in a research report on Sunday, August 16th. Weiss Ratings reissued a "hold (c-)" rating on shares of Duolingo in a research note on Monday, September 14th. UBS Group raised their price target on Duolingo from $125.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Scotiabank set a $120.00 price target on Duolingo in a research report on Thursday, August 6th. Finally, Compass Point started coverage on shares of Duolingo in a research note on Tuesday, August 18th. They issued a "buy" rating on the stock. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $124.38.

Institutional Trading of Duolingo

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Capital World Investors boosted its stake in shares of Duolingo by 0.5% during the 4th quarter. Capital World Investors now owns 2,241,378 shares of the company's stock worth $393,362,000 after acquiring an additional 11,140 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Duolingo by 511.2% in the 1st quarter. Bank of America Corp DE now owns 1,332,301 shares of the company's stock worth $131,325,000 after purchasing an additional 1,114,315 shares in the last quarter. State of Michigan Retirement System increased its stake in shares of Duolingo by 112.9% in the 1st quarter. State of Michigan Retirement System now owns 1,193,307 shares of the company's stock worth $117,624,000 after purchasing an additional 632,807 shares in the last quarter. Geode Capital Management LLC raised its holdings in Duolingo by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 811,809 shares of the company's stock worth $142,501,000 after purchasing an additional 19,698 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in Duolingo by 91.3% in the 1st quarter. Renaissance Technologies LLC now owns 603,806 shares of the company's stock worth $59,517,000 after purchasing an additional 288,252 shares during the period. 91.59% of the stock is owned by hedge funds and other institutional investors.

About Duolingo

Duolingo, Inc develops digital learning products designed to make education accessible through mobile devices and the web. Its primary product is the Duolingo language-learning platform, which offers courses in numerous languages through interactive, game-like lessons, practice exercises and personalized learning features.

The company also provides the Duolingo English Test, an online English-proficiency assessment used by educational institutions and other organizations. In addition, Duolingo has expanded beyond language learning with products such as Duolingo Math and Duolingo Music, while offering premium subscription features through plans including Super Duolingo and Duolingo Max.

Duolingo serves users internationally, with its applications and online services available across a broad range of geographies.

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