Duolingo (NASDAQ:DUOL) General Counsel Sells $91,971.20 in Stock

Duolingo, Inc. (NASDAQ:DUOL) General Counsel Stephen Chen sold 820 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $112.16, for a total transaction of $91,971.20. Following the transaction, the general counsel owned 54,784 shares of the company’s stock, valued at $6,144,573.44. The trade was a 1.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Duolingo Stock Up 0.8%

DUOL traded up $0.86 during trading hours on Tuesday, hitting $114.10. 1,816,833 shares of the company’s stock were exchanged, compared to its average volume of 2,449,816. Duolingo, Inc. has a 1-year low of $87.89 and a 1-year high of $540.30. The stock’s 50-day moving average is $100.90 and its two-hundred day moving average is $142.73. The stock has a market cap of $5.32 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 0.85 and a beta of 0.90. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last announced its earnings results on Monday, May 4th. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.79 by $0.10. The business had revenue of $291.97 million during the quarter, compared to analysts’ expectations of $288.60 million. Duolingo had a net margin of 38.44% and a return on equity of 14.07%. The firm’s revenue was up 26.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.72 earnings per share. Sell-side analysts predict that Duolingo, Inc. will post 2.84 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Duolingo

Hedge funds and other institutional investors have recently bought and sold shares of the company. Root Financial Partners LLC lifted its holdings in Duolingo by 194.1% in the first quarter. Root Financial Partners LLC now owns 250 shares of the company’s stock valued at $25,000 after buying an additional 165 shares during the period. EFG International AG acquired a new position in Duolingo in the fourth quarter valued at $26,000. Atlantic Union Bankshares Corp acquired a new position in Duolingo in the third quarter valued at $32,000. AlphaCentric Advisors LLC acquired a new stake in Duolingo during the fourth quarter worth approximately $33,000. Finally, Banque Cantonale Vaudoise grew its stake in Duolingo by 51.1% during the first quarter. Banque Cantonale Vaudoise now owns 340 shares of the company’s stock worth $34,000 after purchasing an additional 115 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

Wall Street Analysts Forecast Growth

DUOL has been the subject of several recent analyst reports. Citigroup reissued a “neutral” rating and issued a $101.00 price objective (down from $270.00) on shares of Duolingo in a report on Friday, February 27th. DA Davidson boosted their price objective on shares of Duolingo from $85.00 to $90.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Zacks Research upgraded shares of Duolingo from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Barclays cut their price objective on Duolingo from $230.00 to $110.00 and set an “equal weight” rating for the company in a research report on Monday, March 2nd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Duolingo from $92.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Three equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $195.94.

About Duolingo

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.