Insider Selling: Duolingo, Inc. (NASDAQ:DUOL) CFO Sells $1,429,459.52 in Stock

Duolingo, Inc. (NASDAQ:DUOL) CFO Matthew Skaruppa sold 3,284 shares of Duolingo stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $435.28, for a total value of $1,429,459.52. Following the sale, the chief financial officer now owns 59,982 shares in the company, valued at $26,108,964.96. This trade represents a 5.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, January 13th, Matthew Skaruppa sold 4,464 shares of Duolingo stock. The stock was sold at an average price of $313.55, for a total value of $1,399,687.20.
• On Thursday, January 2nd, Matthew Skaruppa sold 5,000 shares of Duolingo stock. The stock was sold at an average price of $324.48, for a total value of $1,622,400.00.

Duolingo Price Performance

Shares of DUOL opened at $385.35 on Friday. The stock’s 50 day moving average is $356.96 and its two-hundred day moving average is $304.33. The firm has a market capitalization of $16.95 billion, a PE ratio of 210.57 and a beta of 0.89. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $441.77.

Analyst Upgrades and Downgrades

DUOL has been the topic of a number of research reports. UBS Group raised their price target on Duolingo from $408.00 to $410.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Scotiabank initiated coverage on Duolingo in a report on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 price target on the stock. Jefferies Financial Group initiated coverage on Duolingo in a report on Friday, January 24th. They set a “hold” rating and a $370.00 price target on the stock. Piper Sandler raised their price target on Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, The Goldman Sachs Group raised their price target on Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Seven research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Duolingo currently has an average rating of “Moderate Buy” and a consensus price target of $355.55.

Institutional Investors Weigh In On Duolingo

Several institutional investors have recently modified their holdings of the company. Westfuller Advisors LLC purchased a new stake in shares of Duolingo during the 4th quarter worth approximately $227,000. GF Fund Management CO. LTD. purchased a new stake in shares of Duolingo during the 4th quarter worth approximately $4,345,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Duolingo during the 4th quarter worth approximately $4,140,000. GTS Securities LLC boosted its stake in shares of Duolingo by 104.3% during the 4th quarter. GTS Securities LLC now owns 825 shares of the company’s stock worth $267,000 after acquiring an additional 20,025 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC boosted its stake in shares of Duolingo by 23.9% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 923 shares of the company’s stock worth $299,000 after acquiring an additional 178 shares in the last quarter. Hedge funds and other 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.