Duolingo, Inc. (NASDAQ:DUOL – Get Free Report) CEO Luis van Ahn sold 37,366 shares of the business’s stock in a transaction on Monday, September 21st. The stock was sold at an average price of $150.53, for a total value of $5,624,703.98. Following the sale, the chief executive officer owned 27,960 shares of the company’s stock, valued at approximately $4,208,818.80. The trade was a 57.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Ahn Luis Von also recently made the following trade(s):
- On Tuesday, September 22nd, Luis van Ahn sold 3,614 shares of Duolingo stock. The shares were sold at an average price of $151.91, for a total value of $549,002.74.
- On Wednesday, September 16th, Luis van Ahn sold 28,292 shares of Duolingo stock. The stock was sold at an average price of $150.22, for a total value of $4,250,024.24.
Duolingo Stock Performance
Shares of NASDAQ:DUOL opened at $143.51 on Friday. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.06. Duolingo, Inc. has a 1-year low of $87.89 and a 1-year high of $353.00. The stock has a market capitalization of $6.71 billion, a P/E ratio of 17.00, a P/E/G ratio of 1.21 and a beta of 0.89. The business has a 50-day moving average price of $141.32 and a two-hundred day moving average price of $121.02.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on DUOL shares. KeyCorp upgraded Duolingo from a “hold” rating to an “overweight” rating in a report on Tuesday, August 18th. Citigroup upgraded Duolingo from a “hold” rating to a “buy” rating in a report on Tuesday, August 18th. Scotiabank set a $120.00 target price on Duolingo in a research report on Thursday, August 6th. Wall Street Zen raised Duolingo from a “sell” rating to a “hold” rating in a research note on Sunday, August 16th. Finally, Truist Financial increased their price target on shares of Duolingo from $100.00 to $120.00 and gave the company a “hold” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Duolingo currently has a consensus rating of “Hold” and a consensus price target of $124.38.
Read Our Latest Stock Analysis on Duolingo
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC acquired a new stake in shares of Duolingo during the second quarter worth about $379,000. Integrated Wealth Concepts LLC bought a new position in shares of Duolingo during the 2nd quarter valued at about $328,000. IFP Advisors Inc grew its position in shares of Duolingo by 92.9% in the 2nd quarter. IFP Advisors Inc now owns 1,491 shares of the company’s stock valued at $171,000 after purchasing an additional 718 shares during the period. Baird Financial Group Inc. increased its stake in Duolingo by 881.9% during the 2nd quarter. Baird Financial Group Inc. now owns 69,331 shares of the company’s stock worth $7,975,000 after purchasing an additional 62,270 shares in the last quarter. Finally, Allworth Financial LP increased its stake in Duolingo by 268.9% during the 2nd quarter. Allworth Financial LP now owns 1,907 shares of the company’s stock worth $219,000 after purchasing an additional 1,390 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors.
About Duolingo
Duolingo, Inc develops digital learning products designed to make education accessible through mobile devices and the web. Its primary product is the Duolingo language-learning platform, which offers courses in numerous languages through interactive, game-like lessons, practice exercises and personalized learning features.
The company also provides the Duolingo English Test, an online English-proficiency assessment used by educational institutions and other organizations. In addition, Duolingo has expanded beyond language learning with products such as Duolingo Math and Duolingo Music, while offering premium subscription features through plans including Super Duolingo and Duolingo Max.
Duolingo serves users internationally, with its applications and online services available across a broad range of geographies.
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