Insider Selling: Duolingo, Inc. (NASDAQ:DUOL) CFO Sells 2,797 Shares of Stock

Key Points

• Duolingo's CFO, Matthew Skaruppa, sold 2,797 shares at an average price of $329.03, totaling approximately $920,297, reducing his ownership by 5.02%.
• Shares of Duolingo traded up to $369.19 after a significant increase in trading volume, despite having a 50-day moving average of $391.96.
• Recent analyst reports have adjusted Duolingo’s price targets, with Barclays raising it to $390.00 and Citigroup initiating coverage with a $400.00 target and a "buy" rating.

Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) CFO Matthew Skaruppa sold 2,797 shares of the company's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $329.03, for a total transaction of $920,296.91. Following the completion of the transaction, the chief financial officer owned 52,904 shares in the company, valued at $17,407,003.12. This represents a 5.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Duolingo Price Performance

Shares of Duolingo stock traded up $42.26 during trading hours on Monday, reaching $369.19. The stock had a trading volume of 3,132,179 shares, compared to its average volume of 1,888,697. The stock's 50 day moving average is $391.96 and its 200 day moving average is $392.16. The firm has a market capitalization of $16.92 billion, a PE ratio of 134.54, a PEG ratio of 2.18 and a beta of 0.87. Duolingo, Inc. has a twelve month low of $201.02 and a twelve month high of $544.93. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.10.

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

Analysts Set New Price Targets

DUOL has been the topic of several research reports. Barclays lifted their price objective 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. The Goldman Sachs Group lifted their price objective on shares of Duolingo from $340.00 to $403.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Citigroup initiated coverage on shares of Duolingo in a report on Monday. They set a "buy" rating and a $400.00 price objective on the stock. DA Davidson cut their price objective on shares of Duolingo from $600.00 to $500.00 and set a "buy" rating on the stock in a report on Wednesday, June 25th. Finally, Citizens Jmp cut their price objective on shares of Duolingo from $475.00 to $450.00 and set a "mkt outperform" rating on the stock in a report on Monday, July 28th. 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.com, Duolingo currently has an average rating of "Moderate Buy" and a consensus price target of $451.35.

Institutional Trading of Duolingo

A number of institutional investors and hedge funds have recently modified their holdings of DUOL. Contravisory Investment Management Inc. acquired a new position in shares of Duolingo during the 1st quarter worth approximately $25,000. Rise Advisors LLC boosted its holdings in shares of Duolingo by 43.6% during the 1st quarter. Rise Advisors LLC now owns 79 shares of the company's stock worth $25,000 after purchasing an additional 24 shares during the last quarter. Summit Securities Group LLC acquired a new position in shares of Duolingo during the 1st quarter worth approximately $28,000. Quarry LP boosted its holdings in shares of Duolingo by 250.0% during the 4th quarter. Quarry LP now owns 91 shares of the company's stock worth $30,000 after purchasing an additional 65 shares during the last quarter. Finally, Brooklyn Investment Group boosted its holdings in shares of Duolingo by 4,750.0% during the 1st quarter. Brooklyn Investment Group now owns 97 shares of the company's stock worth $30,000 after purchasing an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company's stock.

Duolingo Company Profile

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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