Matthew Skaruppa Sells 4,464 Shares of Duolingo, Inc. (NASDAQ:DUOL) Stock

Duolingo, Inc. (NASDAQ:DUOL) CFO Matthew Skaruppa sold 4,464 shares of Duolingo stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $313.55, for a total transaction of $1,399,687.20. Following the completion of the transaction, the chief financial officer now directly owns 63,266 shares in the company, valued at approximately $19,837,054.30. This represents a 6.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• 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 transaction of $1,622,400.00.

Duolingo Price Performance

Duolingo stock opened at $312.52 on Wednesday. The stock has a market cap of $13.75 billion, a price-to-earnings ratio of 170.78 and a beta of 0.87. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $378.48. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The business’s 50-day simple moving average is $336.04 and its 200 day simple moving average is $266.40.

Duolingo (NASDAQ:DUOL) last released its earnings results on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.14. The firm had revenue of $192.59 million during the quarter, compared to analyst estimates of $189.19 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business’s quarterly revenue was up 39.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.06 EPS. As a group, research analysts anticipate that Duolingo, Inc. will post 2.02 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. True Wealth Design LLC acquired a new stake in Duolingo in the third quarter worth $26,000. First Horizon Advisors Inc. acquired a new position in shares of Duolingo in the 3rd quarter valued at $29,000. Farther Finance Advisors LLC increased its position in shares of Duolingo by 164.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after buying an additional 79 shares in the last quarter. Mark Sheptoff Financial Planning LLC acquired a new stake in Duolingo during the 2nd quarter worth $36,000. Finally, Capital Performance Advisors LLP acquired a new position in Duolingo in the third quarter valued at about $68,000. Institutional investors own 91.59% of the company’s stock.

Analysts Set New Price Targets

DUOL has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Duolingo from $360.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Barclays boosted their price objective on shares of Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th. UBS Group upped their target price on Duolingo from $355.00 to $408.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. DA Davidson increased their price target on shares of Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Scotiabank began coverage on Duolingo in a research note on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 price objective for the company. Six 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. According to data from MarketBeat.com, Duolingo currently has an average rating of “Moderate Buy” and an average price target of $353.90.

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.