Duolingo, Inc. (NASDAQ:DUOL) CFO Matthew Skaruppa Sells 14,000 Shares

Duolingo, Inc. (NASDAQ:DUOL) CFO Matthew Skaruppa sold 14,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $207.44, for a total value of $2,904,160.00. Following the sale, the chief financial officer now directly owns 88,856 shares of the company’s stock, valued at $18,432,288.64. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, August 21st, Matthew Skaruppa sold 17,591 shares of Duolingo stock. The stock was sold at an average price of $207.27, for a total value of $3,646,086.57.
• On Thursday, August 1st, Matthew Skaruppa sold 8,000 shares of Duolingo stock. The stock was sold at an average price of $166.50, for a total value of $1,332,000.00.
• On Monday, July 1st, Matthew Skaruppa sold 8,000 shares of Duolingo stock. The shares were sold at an average price of $198.59, for a total value of $1,588,720.00.

Duolingo Trading Up 1.7 %

DUOL opened at $210.26 on Friday. The firm has a market cap of $9.07 billion, a price-to-earnings ratio of 216.76 and a beta of 0.72. The company has a current ratio of 3.28, a quick ratio of 3.28 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a 12 month low of $140.16 and a 12 month high of $251.30. The stock has a fifty day moving average price of $189.83 and a 200-day moving average price of $201.18.

Duolingo (NASDAQ:DUOL) last announced its earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.19. Duolingo had a return on equity of 9.64% and a net margin of 10.44%. The firm had revenue of $178.30 million for the quarter, compared to the consensus estimate of $177.13 million. During the same period in the previous year, the business earned $0.08 EPS. The firm’s revenue for the quarter was up 40.6% on a year-over-year basis. As a group, equities research analysts anticipate that Duolingo, Inc. will post 1.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DUOL has been the subject of a number of research analyst reports. Bank of America raised Duolingo from a “neutral” rating to a “buy” rating and set a $245.00 target price for the company in a research report on Friday, July 26th. DA Davidson initiated coverage on Duolingo in a research report on Thursday, June 13th. They set a “buy” rating and a $250.00 target price for the company. JMP Securities reaffirmed a “market outperform” rating and set a $260.00 target price on shares of Duolingo in a research report on Wednesday, July 10th. Barclays decreased their target price on Duolingo from $230.00 to $183.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. decreased their target price on Duolingo from $275.00 to $255.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $237.40.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Discovery Value Fund purchased a new position in Duolingo during the 4th quarter worth $27,000. Larson Financial Group LLC purchased a new position in Duolingo during the 2nd quarter worth $31,000. Blue Trust Inc. purchased a new position in Duolingo during the 2nd quarter worth $32,000. GAMMA Investing LLC grew its stake in Duolingo by 350.0% during the 2nd quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $36,000 after buying an additional 133 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC purchased a new stake in Duolingo during the 2nd quarter valued at about $36,000. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

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.