Investors Purchase High Volume of Duolingo Put Options (NYSE:DUOL)

Duolingo Inc (NYSE:DUOL) was the recipient of unusually large options trading activity on Wednesday. Traders acquired 3,362 put options on the stock. This represents an increase of 446% compared to the typical daily volume of 616 put options.

In other news, SVP Natalie Glance sold 57,222 shares of the business’s stock in a transaction on Monday, November 15th. The shares were sold at an average price of $143.39, for a total transaction of $8,205,062.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Matthew Skaruppa sold 13,396 shares of the business’s stock in a transaction on Monday, November 15th. The shares were sold at an average price of $143.22, for a total transaction of $1,918,575.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 153,722 shares of company stock worth $22,089,194.

Several institutional investors and hedge funds have recently made changes to their positions in the company. KPCB DGF Associates LLC acquired a new position in shares of Duolingo during the third quarter valued at about $430,353,000. Baillie Gifford & Co. acquired a new position in shares of Duolingo during the third quarter valued at about $210,522,000. Morgan Stanley acquired a new position in shares of Duolingo during the third quarter valued at about $147,150,000. BlackRock Inc. acquired a new position in shares of Duolingo during the third quarter valued at about $62,484,000. Finally, Temasek Holdings Private Ltd acquired a new position in shares of Duolingo during the third quarter valued at about $49,908,000. 10.30% of the stock is owned by institutional investors and hedge funds.

Duolingo stock opened at $119.81 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 6.05 and a quick ratio of 6.05. Duolingo has a fifty-two week low of $118.54 and a fifty-two week high of $204.99. The stock’s fifty day moving average price is $162.87.

Duolingo (NYSE:DUOL) last released its earnings results on Wednesday, November 10th. The company reported ($0.98) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.92) by ($0.06). Duolingo had a negative return on equity of 88.94% and a negative net margin of 23.46%. Equities analysts forecast that Duolingo will post -2.34 earnings per share for the current fiscal year.

DUOL has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Duolingo from a “buy” rating to a “hold” rating in a report on Monday, November 15th. JMP Securities upped their price objective on shares of Duolingo from $160.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, November 3rd. KeyCorp initiated coverage on shares of Duolingo in a report on Monday, August 23rd. They issued a “sector weight” rating for the company. Piper Sandler upped their price objective on shares of Duolingo from $156.00 to $182.00 and gave the stock an “overweight” rating in a report on Thursday, November 11th. Finally, Evercore ISI raised shares of Duolingo from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $140.00 to $195.00 in a research report on Thursday, November 11th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $167.43.

Duolingo Company Profile

Duolingo Inc provides mobile language learning platform. Duolingo Inc is based in PITTSBURGH.

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