Matthew Skaruppa Sells 3,284 Shares of Duolingo, Inc. (NASDAQ:DUOL) Stock

Duolingo, Inc. (NASDAQ:DUOL) CFO Matthew Skaruppa sold 3,284 shares of Duolingo stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $435.28, for a total value of $1,429,459.52. Following the sale, the chief financial officer now directly owns 59,982 shares in the company, valued at $26,108,964.96. The trade was a 5.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Monday, January 13th, Matthew Skaruppa sold 4,464 shares of Duolingo stock. The stock was sold at an average price of $313.55, for a total transaction of $1,399,687.20.
• On Thursday, January 2nd, Matthew Skaruppa sold 5,000 shares of Duolingo stock. The stock was sold at an average price of $324.48, for a total transaction of $1,622,400.00.

Duolingo Price Performance

Shares of NASDAQ DUOL traded down $10.74 during trading hours on Thursday, hitting $421.78. 945,652 shares of the stock were exchanged, compared to its average volume of 632,895. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The company has a market cap of $18.55 billion, a PE ratio of 230.48 and a beta of 0.89. The company’s fifty day simple moving average is $354.37 and its two-hundred day simple moving average is $300.95. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $441.77.

Institutional Trading of Duolingo

A number of hedge funds have recently added to or reduced their stakes in the stock. Westfuller Advisors LLC bought a new position in shares of Duolingo during the fourth quarter valued at $227,000. GF Fund Management CO. LTD. acquired a new stake in Duolingo during the fourth quarter worth approximately $4,345,000. Public Employees Retirement System of Ohio acquired a new stake in Duolingo during the fourth quarter worth approximately $4,140,000. GTS Securities LLC grew its stake in Duolingo by 104.3% during the fourth quarter. GTS Securities LLC now owns 825 shares of the company’s stock worth $267,000 after purchasing an additional 20,025 shares during the period. Finally, Focus Partners Advisor Solutions LLC grew its stake in Duolingo by 23.9% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 923 shares of the company’s stock worth $299,000 after purchasing an additional 178 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DUOL. UBS Group boosted their price target on shares of Duolingo from $408.00 to $410.00 and gave the company a “buy” rating in a report on Monday, January 27th. DA Davidson upped their target price on shares of Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Bank of America downgraded shares of Duolingo from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $355.00 to $375.00 in a research note on Wednesday, December 11th. Piper Sandler upped their target price on shares of Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, Needham & Company LLC upped their target price on shares of Duolingo from $370.00 to $385.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $355.55.

Duolingo Company Profile

Duolingo, Inc operates as a mobile learning platform in the United States, 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 English language proficiency assessment exam.