Duolingo (NASDAQ:DUOL) CEO Sells 3,614 Shares

Duolingo, Inc. (NASDAQ:DUOL) CEO Luis van Ahn sold 3,614 shares of the company’s stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $151.91, for a total transaction of $549,002.74. Following the completion of the sale, the chief executive officer owned 27,960 shares in the company, valued at $4,247,403.60. This represents a 11.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, September 21st, Luis van Ahn sold 37,366 shares of Duolingo stock. The shares were sold at an average price of $150.53, for a total value of $5,624,703.98.
• On Wednesday, September 16th, Luis van Ahn sold 28,292 shares of Duolingo stock. The shares were sold at an average price of $150.22, for a total value of $4,250,024.24.

Duolingo Stock Down 1.2%

DUOL traded down $1.73 during midday trading on Wednesday, reaching $145.98. 1,008,797 shares of the company were exchanged, compared to its average volume of 1,893,033. The company has a market cap of $6.83 billion, a price-to-earnings ratio of 17.30, a price-to-earnings-growth ratio of 1.23 and a beta of 0.89. Duolingo, Inc. has a one year low of $87.89 and a one year high of $353.00. The company’s fifty day moving average price is $140.46 and its 200 day moving average price is $120.23. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.72 and a current ratio of 2.72.

Duolingo (NASDAQ:DUOL) last announced its earnings results on Wednesday, August 5th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.06. Duolingo had a return on equity of 12.10% and a net margin of 35.88%.The company had revenue of $298.45 million for the quarter, compared to analysts’ expectations of $295.58 million. During the same quarter in the previous year, the firm earned $0.91 earnings per share. Duolingo’s quarterly revenue was up 18.3% on a year-over-year basis. As a group, analysts expect that Duolingo, Inc. will post 2.62 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Bank of America downgraded shares of Duolingo from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $103.00 to $93.00 in a report on Tuesday, August 4th. KeyCorp raised shares of Duolingo from a “hold” rating to an “overweight” rating in a research report on Tuesday, August 18th. Jefferies Financial Group lifted their target price on shares of Duolingo from $95.00 to $125.00 and gave the stock a “hold” rating in a research report on Tuesday, July 14th. Evercore set a $105.00 target price on Duolingo in a report on Thursday, August 6th. Finally, Susquehanna assumed coverage on Duolingo in a report on Tuesday, August 18th. They issued a “positive” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $124.38.

Hedge Funds Weigh In On Duolingo

A number of hedge funds and other institutional investors have recently made changes to their positions in DUOL. Sequoia Financial Advisors LLC purchased a new stake in Duolingo during the second quarter worth about $379,000. Integrated Wealth Concepts LLC purchased a new position in Duolingo in the second quarter valued at about $328,000. IFP Advisors Inc grew its position in shares of Duolingo by 92.9% during the 2nd quarter. IFP Advisors Inc now owns 1,491 shares of the company’s stock valued at $171,000 after acquiring an additional 718 shares during the period. Baird Financial Group Inc. grew its position in shares of Duolingo by 881.9% during the 2nd quarter. Baird Financial Group Inc. now owns 69,331 shares of the company’s stock valued at $7,975,000 after acquiring an additional 62,270 shares during the period. Finally, Allworth Financial LP increased its stake in shares of Duolingo by 268.9% during the 2nd quarter. Allworth Financial LP now owns 1,907 shares of the company’s stock worth $219,000 after purchasing an additional 1,390 shares during the last quarter. 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.