Matthew Skaruppa Sells 8,000 Shares of Duolingo, Inc. (NASDAQ:DUOL) Stock

Duolingo, Inc. (NASDAQ:DUOL) CFO Matthew Skaruppa sold 8,000 shares of Duolingo stock in a transaction on Monday, July 1st. The stock was sold at an average price of $198.59, for a total transaction of $1,588,720.00. Following the completion of the transaction, the chief financial officer now directly owns 95,731 shares of the company’s stock, valued at $19,011,219.29. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Friday, May 17th, Matthew Skaruppa sold 2,698 shares of Duolingo stock. The stock was sold at an average price of $177.29, for a total transaction of $478,328.42.
• On Wednesday, May 1st, Matthew Skaruppa sold 8,000 shares of Duolingo stock. The stock was sold at an average price of $223.46, for a total transaction of $1,787,680.00.

Duolingo Trading Down 0.0 %

Shares of DUOL opened at $193.82 on Friday. Duolingo, Inc. has a 1-year low of $121.89 and a 1-year high of $251.30. The company has a 50-day moving average of $200.94 and a 200 day moving average of $206.25. The firm has a market capitalization of $8.36 billion, a price-to-earnings ratio of 199.82 and a beta of 0.73. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.22 and a quick ratio of 3.22.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.30 by $0.27. Duolingo had a net margin of 7.82% and a return on equity of 7.08%. The business had revenue of $167.70 million during the quarter, compared to analyst estimates of $165.60 million. During the same quarter in the previous year, the business posted ($0.06) EPS. The company’s quarterly revenue was up 44.9% compared to the same quarter last year. On average, research analysts expect that Duolingo, Inc. will post 1.74 EPS for the current year.

Institutional Investors Weigh In On Duolingo

Large investors have recently modified their holdings of the business. Discovery Value Fund bought a new stake in shares of Duolingo in the 4th quarter valued at about $27,000. FSC Wealth Advisors LLC bought a new stake in shares of Duolingo in the 4th quarter valued at about $39,000. GAMMA Investing LLC raised its holdings in shares of Duolingo by 350.0% in the 2nd quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock valued at $36,000 after purchasing an additional 133 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Duolingo in the 4th quarter valued at about $73,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Duolingo in the 4th quarter valued at about $92,000. Institutional investors own 91.59% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on DUOL shares. JPMorgan Chase & Co. started coverage on shares of Duolingo in a research note on Monday, March 11th. They set an “overweight” rating and a $270.00 price target for the company. JMP Securities raised shares of Duolingo from a “market perform” rating to a “market outperform” rating and set a $260.00 price target for the company in a research note on Tuesday, May 28th. Needham & Company LLC lifted their price target on shares of Duolingo from $241.00 to $267.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Barclays dropped their price target on shares of Duolingo from $243.00 to $230.00 and set an “equal weight” rating for the company in a research note on Thursday, May 9th. Finally, DA Davidson started coverage on shares of Duolingo in a research note on Thursday, June 13th. They set a “buy” rating and a $250.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $246.70.

Duolingo Company Profile

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.