Duolingo, Inc. (NASDAQ:DUOL – Get Free Report) General Counsel Stephen Chen sold 1,977 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $113.61, for a total transaction of $224,606.97. Following the sale, the general counsel directly owned 52,807 shares of the company’s stock, valued at approximately $5,999,403.27. The trade was a 3.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Duolingo Stock Performance
Shares of DUOL stock traded up $0.86 during mid-day trading on Tuesday, reaching $114.10. 1,806,600 shares of the company’s stock traded hands, compared to its average volume of 2,449,816. Duolingo, Inc. has a 12 month low of $87.89 and a 12 month high of $540.30. The firm has a 50 day moving average price of $100.90 and a two-hundred day moving average price of $142.73. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.62 and a current ratio of 2.62. The firm has a market capitalization of $5.32 billion, a PE ratio of 13.13, a price-to-earnings-growth ratio of 0.85 and a beta of 0.90.
Duolingo (NASDAQ:DUOL – Get Free Report) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10. Duolingo had a net margin of 38.44% and a return on equity of 14.07%. The firm had revenue of $291.97 million during the quarter, compared to the consensus estimate of $288.60 million. During the same quarter in the previous year, the firm posted $0.72 EPS. The company’s revenue for the quarter was up 26.5% compared to the same quarter last year. On average, research analysts forecast that Duolingo, Inc. will post 2.84 EPS for the current year.
Analyst Ratings Changes
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Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in DUOL. Baillie Gifford & Co. increased its stake in Duolingo by 71.9% during the fourth quarter. Baillie Gifford & Co. now owns 4,861,445 shares of the company’s stock worth $853,184,000 after acquiring an additional 2,033,611 shares during the last quarter. Capital World Investors raised its position in Duolingo by 0.5% during the fourth quarter. Capital World Investors now owns 2,241,378 shares of the company’s stock valued at $393,362,000 after purchasing an additional 11,140 shares during the period. Bank of America Corp DE raised its position in Duolingo by 511.2% during the first quarter. Bank of America Corp DE now owns 1,332,301 shares of the company’s stock valued at $131,325,000 after purchasing an additional 1,114,315 shares during the period. State of Michigan Retirement System boosted 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 purchasing an additional 632,807 shares during the period. Finally, State Street Corp boosted its holdings in shares of Duolingo by 0.5% in the 2nd quarter. State Street Corp now owns 1,164,387 shares of the company’s stock worth $477,422,000 after purchasing an additional 6,109 shares during the period. Hedge funds and other institutional investors own 91.59% of the company’s stock.
About Duolingo
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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