Duolingo (NASDAQ:DUOL) CFO Matthew Skaruppa Sells 3,986 Shares

Duolingo, Inc. (NASDAQ:DUOL) CFO Matthew Skaruppa sold 3,986 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $113.52, for a total value of $452,490.72. Following the completion of the transaction, the chief financial officer directly owned 31,631 shares in the company, valued at approximately $3,590,751.12. This trade represents a 11.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, February 17th, Matthew Skaruppa sold 1,870 shares of Duolingo stock. The stock was sold at an average price of $110.06, for a total value of $205,812.20.

Duolingo Stock Performance

Shares of Duolingo stock opened at $111.11 on Friday. Duolingo, Inc. has a 12 month low of $107.16 and a 12 month high of $544.93. The stock’s fifty day moving average price is $153.74 and its 200-day moving average price is $234.80. The firm has a market cap of $5.14 billion, a P/E ratio of 14.08, a P/E/G ratio of 0.60 and a beta of 0.86. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.07.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. UBS Group set a $245.00 price objective on shares of Duolingo in a research note on Monday, January 5th. Evercore set a $330.00 target price on Duolingo and gave the company an “outperform” rating in a research report on Thursday, November 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Duolingo in a report on Monday, December 29th. Needham & Company LLC decreased their price objective on Duolingo from $460.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Finally, Bank of America raised Duolingo from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $301.00 to $250.00 in a research report on Monday, January 5th. Eleven equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $292.37.

Hedge Funds Weigh In On Duolingo

Several hedge funds and other institutional investors have recently modified their holdings of DUOL. EFG International AG acquired a new position in Duolingo during the 4th quarter valued at approximately $26,000. Atlantic Union Bankshares Corp purchased a new stake in shares of Duolingo during the third quarter valued at $32,000. AlphaCentric Advisors LLC purchased a new stake in shares of Duolingo during the fourth quarter valued at $33,000. Emerald Mutual Fund Advisers Trust acquired a new position in shares of Duolingo in the 2nd quarter valued at $40,000. Finally, Farther Finance Advisors LLC raised its stake in Duolingo by 82.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 133 shares of the company’s stock worth $43,000 after acquiring an additional 60 shares during the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

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.