Matthew Skaruppa Sells 2,698 Shares of Duolingo, Inc. (NYSE:DUOL) Stock

Duolingo, Inc. (NYSE:DUOL) CFO Matthew Skaruppa sold 2,698 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $211.77, for a total value of $571,355.46. Following the transaction, the chief financial officer now owns 50,974 shares of the company’s stock, valued at $10,794,763.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, November 15th, Matthew Skaruppa sold 2,469 shares of Duolingo stock. The stock was sold at an average price of $209.78, for a total transaction of $517,946.82.
• On Wednesday, November 1st, Matthew Skaruppa sold 8,000 shares of Duolingo stock. The shares were sold at an average price of $146.58, for a total transaction of $1,172,640.00.
• On Monday, October 2nd, Matthew Skaruppa sold 8,000 shares of Duolingo stock. The shares were sold at an average price of $165.25, for a total transaction of $1,322,000.00.
• On Friday, September 8th, Matthew Skaruppa sold 15,853 shares of Duolingo stock. The stock was sold at an average price of $157.14, for a total value of $2,491,140.42.

Duolingo Stock Up 2.2 %

Shares of DUOL stock traded up $4.76 during trading hours on Monday, reaching $216.41. The company had a trading volume of 600,617 shares, compared to its average volume of 614,084. The company has a market cap of $9.09 billion, a price-to-earnings ratio of -783.89 and a beta of 0.33. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.49 and a quick ratio of 3.49. Duolingo, Inc. has a 12 month low of $64.73 and a 12 month high of $223.00. The business has a fifty day simple moving average of $166.42 and a 200-day simple moving average of $152.77.

Duolingo (NYSE:DUOL) last issued its quarterly earnings data on Wednesday, November 8th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.14. Duolingo had a negative return on equity of 1.72% and a negative net margin of 2.06%. The business had revenue of $137.60 million for the quarter, compared to analysts’ expectations of $132.14 million. During the same period last year, the business earned ($0.46) EPS. The business’s revenue was up 43.2% on a year-over-year basis. On average, research analysts expect that Duolingo, Inc. will post 0.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DUOL has been the subject of several recent analyst reports. Barclays raised their target price on Duolingo from $136.00 to $149.00 in a research note on Wednesday, August 9th. Needham & Company LLC increased their target price on shares of Duolingo from $160.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th. Piper Sandler reissued an “overweight” rating and set a $217.00 price objective on shares of Duolingo in a research report on Monday. The Goldman Sachs Group boosted their target price on Duolingo from $140.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, November 9th. Finally, Raymond James initiated coverage on Duolingo in a report on Monday, August 28th. They issued a “market perform” rating on the stock. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Duolingo has a consensus rating of “Hold” and a consensus price target of $176.78.

Institutional Investors Weigh In On Duolingo

A number of institutional investors have recently added to or reduced their stakes in DUOL. Bamco Inc. NY purchased a new position in shares of Duolingo in the 3rd quarter worth approximately $39,000. Atticus Wealth Management LLC purchased a new position in Duolingo in the second quarter worth $40,000. Captrust Financial Advisors increased its position in shares of Duolingo by 620.8% during the 1st quarter. Captrust Financial Advisors now owns 555 shares of the company’s stock valued at $53,000 after purchasing an additional 478 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Duolingo during the 4th quarter valued at $58,000. Finally, Nisa Investment Advisors LLC raised its stake in shares of Duolingo by 78.1% during the 1st quarter. Nisa Investment Advisors LLC now owns 570 shares of the company’s stock worth $81,000 after purchasing an additional 250 shares during the period. 76.93% of the stock is owned by institutional investors.

Duolingo Company Profile

Duolingo, Inc operates as a mobile learning platform in the United States, China, 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 language proficiency assessment exam.