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

by · The Cerbat Gem

Duolingo, Inc. (NASDAQ:DUOL – Get Free Report) General Counsel Stephen Chen sold 820 shares of the firm’s 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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%

Shares of NASDAQ DUOL traded up $0.86 during trading on Tuesday, hitting $114.10. 1,816,833 shares of the company traded hands, compared to its average volume of 2,449,816. The business’s fifty day moving average is $100.90 and its 200 day moving average is $142.73. Duolingo, Inc. has a fifty-two week low of $87.89 and a fifty-two week high of $540.30. The firm has a market capitalization of $5.32 billion, a price-to-earnings ratio of 13.13, a P/E/G ratio of 0.85 and a beta of 0.90. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.62 and a current ratio of 2.62.

Duolingo (NASDAQ:DUOL – Get Free Report) last issued its earnings results on Monday, May 4th. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.79 by $0.10. The company had revenue of $291.97 million during the quarter, compared to the consensus estimate of $288.60 million. Duolingo had a return on equity of 14.07% and a net margin of 38.44%.The firm’s revenue for the quarter was up 26.5% compared to the same quarter last year. During the same period last year, the business posted $0.72 EPS. Equities research analysts predict that Duolingo, Inc. will post 2.84 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Duolingo

Several institutional investors and hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC raised its stake in shares of Duolingo by 1,868.2% during the 1st quarter. NewEdge Advisors LLC now owns 433 shares of the company’s stock valued at $134,000 after purchasing an additional 411 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Duolingo by 123.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 87,556 shares of the company’s stock valued at $27,190,000 after purchasing an additional 48,451 shares during the period. Focus Partners Wealth raised its stake in shares of Duolingo by 28.3% during the 1st quarter. Focus Partners Wealth now owns 2,021 shares of the company’s stock valued at $628,000 after purchasing an additional 446 shares during the period. Amundi boosted its position in shares of Duolingo by 142.1% in the second quarter. Amundi now owns 26,075 shares of the company’s stock valued at $10,352,000 after acquiring an additional 15,306 shares during the period. Finally, Gabelli Funds LLC bought a new position in shares of Duolingo in the second quarter valued at approximately $205,000. 91.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Citigroup reaffirmed a “neutral” rating and set a $101.00 target price (down from $270.00) on shares of Duolingo in a research report on Friday, February 27th. Needham & Company LLC reiterated a “buy” rating and set a $145.00 price objective on shares of Duolingo in a report on Tuesday, May 5th. Zacks Research upgraded shares of Duolingo from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Morgan Stanley reduced their price objective on shares of Duolingo from $100.00 to $95.00 and set an “equal weight” rating for the company in a report on Tuesday, May 5th. Finally, Weiss Ratings cut shares of Duolingo from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 22nd. Three investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $195.94.

Check Out Our Latest Report on Duolingo

Duolingo Company Profile

(Get Free Report)

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.

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