Duolingo (NASDAQ:DUOL) CFO Matthew Skaruppa Sells 3,986 Shares of Stock

Duolingo, Inc. (NASDAQ:DUOLGet Free Report) CFO Matthew Skaruppa sold 3,986 shares of the stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $113.52, for a total value of $452,490.72. Following the completion of the sale, the chief financial officer directly owned 31,631 shares of the company’s stock, valued at approximately $3,590,751.12. This represents a 11.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

  • On Tuesday, February 17th, Matthew Skaruppa sold 1,870 shares of Duolingo stock. The shares were sold at an average price of $110.06, for a total value of $205,812.20.

Duolingo Price Performance

Shares of DUOL opened at $112.94 on Friday. The business’s 50-day moving average is $152.08 and its 200-day moving average is $233.14. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.82 and a quick ratio of 2.82. The company has a market capitalization of $5.22 billion, a price-to-earnings ratio of 14.31, a P/E/G ratio of 0.59 and a beta of 0.86. Duolingo, Inc. has a fifty-two week low of $107.16 and a fifty-two week high of $544.93.

Institutional Trading of Duolingo

Large investors have recently modified their holdings of the company. Alpine Woods Capital Investors LLC bought a new position in Duolingo in the 4th quarter worth $333,000. Vident Advisory LLC boosted its holdings in Duolingo by 5.8% during the fourth quarter. Vident Advisory LLC now owns 2,647 shares of the company’s stock valued at $465,000 after acquiring an additional 145 shares during the period. Cim LLC grew its position in shares of Duolingo by 6.0% in the fourth quarter. Cim LLC now owns 4,390 shares of the company’s stock valued at $770,000 after purchasing an additional 248 shares during the last quarter. Empowered Funds LLC bought a new position in shares of Duolingo in the fourth quarter worth about $331,000. Finally, Wellington Management Group LLP increased its stake in shares of Duolingo by 1.7% in the fourth quarter. Wellington Management Group LLP now owns 25,404 shares of the company’s stock worth $4,458,000 after purchasing an additional 431 shares during the period. 91.59% of the stock is owned by institutional investors.

More Duolingo News

Here are the key news stories impacting Duolingo this week:

Analysts Set New Price Targets

A number of brokerages have issued reports on DUOL. Scotiabank decreased their target price on shares of Duolingo from $600.00 to $300.00 and set a “sector outperform” rating for the company in a research note on Thursday, November 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Duolingo in a report on Monday, December 29th. BMO Capital Markets raised Duolingo to a “buy” rating in a research report on Monday, January 12th. UBS Group set a $245.00 target price on Duolingo in a research note on Monday, January 5th. Finally, Citigroup reaffirmed a “market perform” rating on shares of Duolingo in a research note on Monday, January 12th. Eleven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $292.37.

Read Our Latest Report on DUOL

About Duolingo

(Get Free Report)

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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