Duolingo, Inc. (NYSE:DUOL – Get Free Report) CFO Matthew Skaruppa sold 8,000 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $165.25, for a total transaction of $1,322,000.00. Following the sale, the chief financial officer now owns 56,141 shares in the company, valued at $9,277,300.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Matthew Skaruppa also recently made the following trade(s):
- On Friday, September 8th, Matthew Skaruppa sold 15,853 shares of Duolingo stock. The stock was sold at an average price of $157.14, for a total transaction of $2,491,140.42.
- On Tuesday, August 15th, Matthew Skaruppa sold 2,467 shares of Duolingo stock. The shares were sold at an average price of $132.44, for a total transaction of $326,729.48.
Duolingo Trading Up 0.5 %
DUOL traded up $0.74 during trading on Thursday, reaching $163.87. 384,443 shares of the company’s stock were exchanged, compared to its average volume of 573,857. The company has a current ratio of 3.62, a quick ratio of 3.62 and a debt-to-equity ratio of 0.04. Duolingo, Inc. has a one year low of $64.73 and a one year high of $174.70. The firm has a fifty day moving average price of $147.73 and a two-hundred day moving average price of $144.94. The stock has a market capitalization of $6.81 billion, a PE ratio of -207.73 and a beta of 0.29.
Duolingo (NYSE:DUOL – Get Free Report) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.25. The company had revenue of $126.84 million for the quarter, compared to analysts’ expectations of $123.13 million. Duolingo had a negative net margin of 7.06% and a negative return on equity of 5.58%. As a group, equities research analysts forecast that Duolingo, Inc. will post -0.09 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on DUOL. Piper Sandler lifted their price target on Duolingo from $167.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, August 9th. Raymond James started coverage on Duolingo in a research note on Monday, August 28th. They set a “market perform” rating for the company. Needham & Company LLC restated a “buy” rating and issued a $160.00 price target on shares of Duolingo in a research note on Wednesday, August 9th. JMP Securities cut shares of Duolingo from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 7th. Finally, UBS Group began coverage on shares of Duolingo in a research report on Thursday, September 28th. They issued a “buy” rating and a $195.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $150.00.
View Our Latest Stock Report on Duolingo
Hedge Funds Weigh In On Duolingo
A number of hedge funds have recently made changes to their positions in DUOL. Victory Capital Management Inc. boosted its holdings in Duolingo by 3.3% in the first quarter. Victory Capital Management Inc. now owns 3,014 shares of the company’s stock valued at $430,000 after acquiring an additional 96 shares during the last quarter. Cerity Partners LLC increased its position in shares of Duolingo by 0.4% during the first quarter. Cerity Partners LLC now owns 45,158 shares of the company’s stock worth $6,439,000 after buying an additional 158 shares during the period. Daiwa Securities Group Inc. raised its stake in Duolingo by 48.8% during the first quarter. Daiwa Securities Group Inc. now owns 595 shares of the company’s stock worth $85,000 after buying an additional 195 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Duolingo by 78.1% in the first quarter. Nisa Investment Advisors LLC now owns 570 shares of the company’s stock valued at $81,000 after buying an additional 250 shares during the period. Finally, Metropolitan Life Insurance Co NY boosted its position in Duolingo by 19.3% during the second quarter. Metropolitan Life Insurance Co NY now owns 1,572 shares of the company’s stock valued at $225,000 after acquiring an additional 254 shares during the last quarter. 76.93% of the stock is currently owned by institutional investors.
About Duolingo
(Get Free Report)
Duolingo, Inc operates as a mobile learning platform in the United States, China, the United Kingdom, and internationally. The company offers courses in 40 different languages, including Spanish, English, French, German, Italian, Portuguese, Japanese, and Chinese through its Duolingo app. It also provides a digital language proficiency assessment exam.
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