Duolingo (NASDAQ:DUOL) CFO Matthew Skaruppa Sells 1,870 Shares

Duolingo, Inc. (NASDAQ:DUOLGet Free Report) CFO Matthew Skaruppa sold 1,870 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $110.06, for a total value of $205,812.20. Following the sale, the chief financial officer directly owned 35,617 shares of the company’s stock, valued at approximately $3,920,007.02. This represents a 4.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Wednesday, February 18th, Matthew Skaruppa sold 3,986 shares of Duolingo stock. The shares were sold at an average price of $113.52, for a total transaction of $452,490.72.

Duolingo Price Performance

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

Institutional Trading of Duolingo

A number of large investors have recently made changes to their positions in the company. Emerald Mutual Fund Advisers Trust purchased a new position in shares of Duolingo during the second quarter worth about $40,000. Atlantic Union Bankshares Corp purchased a new position in Duolingo during the third quarter worth about $32,000. Farther Finance Advisors LLC lifted its holdings in shares of Duolingo by 82.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 133 shares of the company’s stock worth $43,000 after acquiring an additional 60 shares during the period. KERR FINANCIAL PLANNING Corp acquired a new position in Duolingo in the third quarter valued at $47,000. Finally, Caitong International Asset Management Co. Ltd raised its position in Duolingo by 46.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 146 shares of the company’s stock valued at $60,000 after purchasing an additional 46 shares during the period. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DUOL has been the subject of a number of recent analyst reports. Citizens Jmp lowered shares of Duolingo from a “market outperform” rating to a “hold” rating in a research report on Thursday, November 6th. Wells Fargo & Company dropped their price objective on shares of Duolingo from $185.00 to $160.00 and set an “underweight” rating for the company in a research note on Thursday, January 8th. DA Davidson cut their price target on shares of Duolingo from $205.00 to $170.00 and set a “neutral” rating on the stock in a report on Tuesday, January 27th. Bank of America upgraded shares of Duolingo from a “neutral” rating to a “buy” rating and reduced their price target for the company from $301.00 to $250.00 in a report on Monday, January 5th. Finally, Truist Financial set a $245.00 price objective on shares of Duolingo in a research note on Thursday, January 15th. Eleven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $292.37.

View Our Latest Stock Report on DUOL

Key Duolingo News

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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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