Ahn Luis Von Sells 41,759 Shares of Duolingo, Inc. (NASDAQ:DUOL) Stock

Duolingo, Inc. (NASDAQ:DUOL) CEO Ahn Luis Von sold 41,759 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $340.29, for a total transaction of $14,210,170.11. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Duolingo Trading Up 1.5 %

NASDAQ DUOL opened at $354.04 on Wednesday. The stock has a market capitalization of $15.57 billion, a P/E ratio of 193.46 and a beta of 0.85. The business has a 50 day simple moving average of $320.12 and a 200 day simple moving average of $248.38. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. Duolingo, Inc. has a one year low of $145.05 and a one year high of $378.48.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.35 by $0.14. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The company had revenue of $192.59 million during the quarter, compared to the consensus estimate of $189.19 million. During the same quarter last year, the firm posted $0.06 EPS. The company’s quarterly revenue was up 39.9% on a year-over-year basis. Research analysts expect that Duolingo, Inc. will post 2.02 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on DUOL. Barclays boosted their price target on Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th. Scotiabank began coverage on shares of Duolingo in a research report on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 price target for the company. Needham & Company LLC boosted their price objective on shares of Duolingo from $310.00 to $370.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Piper Sandler raised their target price on Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Finally, DA Davidson upped their price target on Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $352.40.

Hedge Funds Weigh In On Duolingo

A number of institutional investors and hedge funds have recently made changes to their positions in DUOL. Mount Lucas Management LP raised its stake in Duolingo by 2.4% during the 3rd quarter. Mount Lucas Management LP now owns 1,340 shares of the company’s stock worth $378,000 after buying an additional 32 shares during the period. CIBC Asset Management Inc raised its position in shares of Duolingo by 3.1% during the third quarter. CIBC Asset Management Inc now owns 1,061 shares of the company’s stock worth $299,000 after purchasing an additional 32 shares during the period. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Duolingo by 3.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,962 shares of the company’s stock worth $409,000 after purchasing an additional 73 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Duolingo by 164.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock worth $36,000 after purchasing an additional 79 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in Duolingo by 19.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 520 shares of the company’s stock valued at $109,000 after purchasing an additional 85 shares during the period. Institutional investors own 91.59% of the company’s stock.

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.