Key Points
- Duolingo CEO Luis von Ahn sold 37,366 shares at an average price of $150.53, generating approximately $5.62 million. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan and reduced his holdings by 57.2%.
- Duolingo reported quarterly revenue of $298.45 million, up 18.3% year over year, and earnings per share of $0.66, exceeding analyst expectations of $0.60.
- The stock opened at $145.98, while analysts maintained an overall “Hold” rating with an average price target of $124.38; institutional investors own 91.59% of the company.
Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) CEO Luis van Ahn sold 3,614 shares of Duolingo stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $151.91, for a total transaction of $549,002.74. Following the sale, the chief executive officer directly owned 27,960 shares of the company's stock, valued at $4,247,403.60. This represents a 11.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Ahn Luis Von also recently made the following trade(s):
- On Monday, September 21st, Luis van Ahn sold 37,366 shares of Duolingo stock. The stock was sold at an average price of $150.53, for a total transaction of $5,624,703.98.
- On Wednesday, September 16th, Luis van Ahn sold 28,292 shares of Duolingo stock. The shares were sold at an average price of $150.22, for a total value of $4,250,024.24.
Duolingo Stock Down 1.2%
DUOL opened at $145.98 on Thursday. The business's fifty day simple moving average is $140.75 and its 200 day simple moving average is $120.54. Duolingo, Inc. has a 52 week low of $87.89 and a 52 week high of $353.00. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.06. The stock has a market cap of $6.83 billion, a PE ratio of 17.30, a P/E/G ratio of 1.21 and a beta of 0.89.
Duolingo (NASDAQ:DUOL - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.06. Duolingo had a return on equity of 12.10% and a net margin of 35.88%.The firm had revenue of $298.45 million during the quarter, compared to analyst estimates of $295.58 million. During the same quarter in the previous year, the company posted $0.91 earnings per share. The company's revenue was up 18.3% compared to the same quarter last year. As a group, research analysts expect that Duolingo, Inc. will post 2.62 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Duolingo
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC purchased a new position in Duolingo in the 2nd quarter worth approximately $379,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Duolingo during the second quarter valued at approximately $328,000. IFP Advisors Inc grew its holdings in shares of Duolingo by 92.9% in the second quarter. IFP Advisors Inc now owns 1,491 shares of the company's stock worth $171,000 after purchasing an additional 718 shares during the last quarter. Baird Financial Group Inc. grew its holdings in shares of Duolingo by 881.9% in the second quarter. Baird Financial Group Inc. now owns 69,331 shares of the company's stock worth $7,975,000 after purchasing an additional 62,270 shares during the last quarter. Finally, Allworth Financial LP increased its stake in shares of Duolingo by 268.9% in the second quarter. Allworth Financial LP now owns 1,907 shares of the company's stock worth $219,000 after buying an additional 1,390 shares during the period. 91.59% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several analysts have issued reports on the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $145.00 target price on shares of Duolingo in a research note on Thursday, August 6th. Citigroup raised shares of Duolingo from a "hold" rating to a "buy" rating in a research note on Tuesday, August 18th. Truist Financial boosted their price objective on shares of Duolingo from $100.00 to $120.00 and gave the stock a "hold" rating in a report on Thursday, August 6th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Duolingo in a research note on Monday, September 14th. Finally, Wedbush increased their target price on shares of Duolingo from $139.00 to $150.00 and gave the company a "neutral" rating in a report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $124.38.
View Our Latest Stock Report on Duolingo
Duolingo Company Profile
(
Get Free Report)
Duolingo, Inc develops digital learning products designed to make education accessible through mobile devices and the web. Its primary product is the Duolingo language-learning platform, which offers courses in numerous languages through interactive, game-like lessons, practice exercises and personalized learning features.
The company also provides the Duolingo English Test, an online English-proficiency assessment used by educational institutions and other organizations. In addition, Duolingo has expanded beyond language learning with products such as Duolingo Math and Duolingo Music, while offering premium subscription features through plans including Super Duolingo and Duolingo Max.
Duolingo serves users internationally, with its applications and online services available across a broad range of geographies.
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