Insider Selling: Duolingo (NASDAQ:DUOL) CFO Sells 1,870 Shares of Stock

Duolingo, Inc. (NASDAQ:DUOL) CFO Matthew Skaruppa sold 1,870 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $110.06, for a total transaction of $205,812.20. Following the transaction, the chief financial officer owned 35,617 shares in the company, valued at approximately $3,920,007.02. This trade represents a 4.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Matthew Skaruppa also recently made the following trade(s):

• On Wednesday, February 18th, Matthew Skaruppa sold 3,986 shares of Duolingo stock. The shares were sold at an average price of $113.52, for a total transaction of $452,490.72.

Duolingo Trading Down 1.2%

Shares of Duolingo stock opened at $111.11 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.82 and a current ratio of 2.82. The company has a market capitalization of $5.14 billion, a P/E ratio of 14.08, a PEG ratio of 0.60 and a beta of 0.86. Duolingo, Inc. has a 1 year low of $107.16 and a 1 year high of $544.93. The company’s fifty day moving average is $153.74 and its two-hundred day moving average is $234.80.

Institutional Investors Weigh In On Duolingo

Institutional investors and hedge funds have recently modified their holdings of the company. Baillie Gifford & Co. increased its stake in Duolingo by 71.9% in the 4th quarter. Baillie Gifford & Co. now owns 4,861,445 shares of the company’s stock valued at $853,184,000 after purchasing an additional 2,033,611 shares in the last quarter. Vanguard Group Inc. grew its holdings in Duolingo by 3.3% in the second quarter. Vanguard Group Inc. now owns 3,647,951 shares of the company’s stock valued at $1,495,733,000 after purchasing an additional 116,135 shares during the last quarter. Capital World Investors increased its position in shares of Duolingo by 0.5% in the fourth quarter. Capital World Investors now owns 2,241,378 shares of the company’s stock valued at $393,362,000 after buying an additional 11,140 shares in the last quarter. Dragoneer Investment Group LLC raised its stake in shares of Duolingo by 324.4% during the 3rd quarter. Dragoneer Investment Group LLC now owns 1,580,787 shares of the company’s stock worth $508,760,000 after buying an additional 1,208,346 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Duolingo by 0.5% during the 2nd quarter. State Street Corp now owns 1,164,387 shares of the company’s stock worth $477,422,000 after buying an additional 6,109 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analysts Set New Price Targets

DUOL has been the subject of several analyst reports. Bank of America raised Duolingo from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $301.00 to $250.00 in a research note on Monday, January 5th. KeyCorp cut Duolingo from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Duolingo in a research report on Monday, December 29th. Citigroup reissued a “market perform” rating on shares of Duolingo in a research note on Monday, January 12th. Finally, Morgan Stanley reduced their target price on shares of Duolingo from $275.00 to $245.00 and set an “overweight” rating for the company in a research note on Tuesday, February 3rd. Eleven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $292.37.

Duolingo Company Profile

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.