Duolingo, Inc. (NASDAQ:DUOL – Get Free Report) General Counsel Stephen Chen sold 1,024 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $129.13, for a total transaction of $132,229.12. Following the completion of the transaction, the general counsel directly owned 51,841 shares in the company, valued at approximately $6,694,228.33. The trade was a 1.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Duolingo Price Performance
NASDAQ:DUOL traded up $6.39 during trading hours on Wednesday, hitting $146.03. 2,261,304 shares of the company’s stock traded hands, compared to its average volume of 2,013,961. Duolingo, Inc. has a 52 week low of $87.89 and a 52 week high of $355.00. The business’s fifty day simple moving average is $129.06 and its two-hundred day simple moving average is $114.21. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.06. The firm has a market cap of $6.83 billion, a P/E ratio of 17.30, a P/E/G ratio of 1.07 and a beta of 0.87.
Duolingo (NASDAQ:DUOL – Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.06. Duolingo had a return on equity of 12.10% and a net margin of 35.88%.The business had revenue of $298.45 million for the quarter, compared to analyst estimates of $295.58 million. During the same period in the prior year, the company earned $0.91 EPS. The company’s quarterly revenue was up 18.3% compared to the same quarter last year. On average, research analysts anticipate that Duolingo, Inc. will post 2.67 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on Duolingo
Institutional Trading of Duolingo
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE raised its stake in shares of Duolingo by 511.2% during the first quarter. Bank of America Corp DE now owns 1,332,301 shares of the company’s stock worth $131,325,000 after acquiring an additional 1,114,315 shares in the last quarter. State of Michigan Retirement System lifted its holdings in shares of Duolingo by 112.9% in the 1st quarter. State of Michigan Retirement System now owns 1,193,307 shares of the company’s stock worth $117,624,000 after acquiring an additional 632,807 shares during the last quarter. FIL Ltd boosted its stake in shares of Duolingo by 1,715,575.9% in the 4th quarter. FIL Ltd now owns 497,546 shares of the company’s stock valued at $87,319,000 after purchasing an additional 497,517 shares in the last quarter. Norges Bank bought a new position in shares of Duolingo during the 4th quarter valued at $86,159,000. Finally, Amundi grew its holdings in shares of Duolingo by 1,351.7% during the 1st quarter. Amundi now owns 449,068 shares of the company’s stock valued at $44,265,000 after purchasing an additional 418,134 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.
Duolingo News Summary
Here are the key news stories impacting Duolingo this week:
- Positive Sentiment: D.A. Davidson’s upgrade and higher price target provided the main catalyst, implying further upside from recent trading levels. The analyst sees improving execution and strategic developments supporting Duolingo’s next phase of growth. Duolingo Nears a Turning Point and It’s Why This Analyst Upgraded the Stock to Buy
- Positive Sentiment: Recent momentum is supported by strong user growth, continued product improvements, healthy cash flow and declining artificial-intelligence costs. Duolingo’s shares had already gained 22.1% over three months, indicating that investors are rewarding progress in operating efficiency and engagement. Duolingo Stock Jumps 22.1% in Three Months
- Neutral Sentiment: Market coverage is focused on whether Duolingo can sustain its rally after the analyst upgrade. The company’s strong balance sheet and user expansion support the long-term case, but investors are increasingly focused on evidence that growth can reaccelerate. Can Duolingo Keep Its Momentum Going?
- Negative Sentiment: Risks include slower bookings and user-growth trends, rising costs and a premium valuation. These factors raise the execution bar and could limit additional gains if monetization or growth fails to meet elevated expectations. Should You Buy Duolingo as Growth Slows and Valuation Stays High?
Duolingo Company Profile
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.
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