Insider Selling: Duolingo (NASDAQ:DUOL) CEO Sells $5,624,703.98 in Stock

Duolingo, Inc. (NASDAQ:DUOL) CEO Luis van Ahn sold 37,366 shares of the firm’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $150.53, for a total value of $5,624,703.98. Following the completion of the transaction, the chief executive officer directly owned 27,960 shares in the company, valued at $4,208,818.80. This trade represents a 57.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 shares were sold at an average price of $151.91, for a total value of $549,002.74.
• 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 Performance

Duolingo stock traded down $1.73 during midday trading on Wednesday, hitting $145.98. The stock had a trading volume of 1,008,797 shares, 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 company has a market capitalization of $6.83 billion, a PE ratio of 17.30, a P/E/G ratio of 1.23 and a beta of 0.89. The firm’s fifty day moving average is $140.46 and its two-hundred day moving average is $120.23. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.06.

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

Wall Street Analyst Weigh In

DUOL has been the topic of a number of analyst reports. Craig Hallum cut shares of Duolingo to a “hold” rating in a research note on Tuesday, August 18th. Wells Fargo & Company assumed coverage on Duolingo in a research note on Tuesday, August 18th. They issued an “overweight” rating for the company. Wall Street Zen raised Duolingo from a “sell” rating to a “hold” rating in a report on Sunday, August 16th. Citigroup upgraded Duolingo from a “hold” rating to a “buy” rating in a research report on Tuesday, August 18th. Finally, Jefferies Financial Group increased their target price on Duolingo from $95.00 to $125.00 and gave the stock a “hold” rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Duolingo currently has an average 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 modified their holdings of the stock. Root Financial Partners LLC increased its holdings in Duolingo by 194.1% in the 1st quarter. Root Financial Partners LLC now owns 250 shares of the company’s stock valued at $25,000 after acquiring an additional 165 shares during the last quarter. Banque Cantonale Vaudoise boosted its holdings in shares of Duolingo by 51.1% during the 1st quarter. Banque Cantonale Vaudoise now owns 340 shares of the company’s stock valued at $34,000 after purchasing an additional 115 shares during the last quarter. FNY Investment Advisers LLC bought a new position in shares of Duolingo during the 2nd quarter valued at about $34,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych grew its position in shares of Duolingo by 42.9% during the first quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 500 shares of the company’s stock valued at $49,000 after purchasing an additional 150 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Duolingo during the fourth quarter valued at about $73,000. Institutional investors own 91.59% of the company’s stock.

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.