Stephen Chen Sells 1,901 Shares of Duolingo (NASDAQ:DUOL) Stock

Duolingo, Inc. (NASDAQ:DUOL) General Counsel Stephen Chen sold 1,901 shares of Duolingo stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $113.26, for a total transaction of $215,307.26. Following the transaction, the general counsel directly owned 30,545 shares of the company’s stock, valued at approximately $3,459,526.70. This trade represents a 5.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Duolingo Trading Down 1.2%

NASDAQ:DUOL opened at $111.11 on Friday. The firm has a market capitalization of $5.14 billion, a P/E ratio of 14.08, a PEG ratio of 0.60 and a beta of 0.86. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.82 and a quick ratio of 2.82. Duolingo, Inc. has a one year low of $107.16 and a one year high of $544.93. The company’s 50-day simple moving average is $153.74 and its 200 day simple moving average is $234.80.

Analyst Ratings Changes

A number of research firms recently weighed in on DUOL. Bank of America raised Duolingo from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $301.00 to $250.00 in a research report on Monday, January 5th. Barclays cut their target price on Duolingo from $390.00 to $230.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 6th. UBS Group set a $245.00 price target on Duolingo in a report on Monday, January 5th. Morgan Stanley dropped their price target on shares of Duolingo from $275.00 to $245.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 3rd. Finally, Citizens Jmp downgraded shares of Duolingo from a “market outperform” rating to a “hold” rating in a research report on Thursday, November 6th. 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’s stock. Based on data from MarketBeat.com, Duolingo presently has an average rating of “Hold” and an average price target of $292.37.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EFG International AG bought a new stake in Duolingo in the 4th quarter worth approximately $26,000. Atlantic Union Bankshares Corp purchased a new position in shares of Duolingo in the 3rd quarter worth $32,000. AlphaCentric Advisors LLC bought a new stake in shares of Duolingo in the fourth quarter worth $33,000. Emerald Mutual Fund Advisers Trust bought a new position in Duolingo in the second quarter valued at about $40,000. Finally, Farther Finance Advisors LLC boosted its position in Duolingo by 82.2% in the third quarter. Farther Finance Advisors LLC now owns 133 shares of the company’s stock worth $43,000 after purchasing an additional 60 shares during the last quarter. 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.