Key Points
- Duolingo CEO Luis von Ahn sold 46,682 shares at an average price of $150.63, generating approximately $7.03 million. The Rule 10b5-1 transaction reduced his stake by 50% to 46,682 shares.
- Von Ahn has made several recent sales, totaling more than $17 million since September 16, including 3,614 shares on September 22 and 37,366 shares on September 21.
- Duolingo reported quarterly results above expectations, with EPS of $0.66 versus a $0.60 estimate and revenue of $298.45 million. Despite 18.3% year-over-year revenue growth, analysts hold a consensus “Hold” rating with a $124.38 price target.
Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) CEO Luis van Ahn sold 46,682 shares of the firm's stock in a transaction on Thursday, September 24th. The shares were sold at an average price of $150.63, for a total transaction of $7,031,709.66. Following the transaction, the chief executive officer owned 46,682 shares in the company, valued at $7,031,709.66. This represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Ahn Luis Von also recently made the following trade(s):
- On Tuesday, September 22nd, Luis van Ahn sold 3,614 shares of Duolingo stock. The stock was sold at an average price of $151.91, for a total transaction of $549,002.74.
- 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 stock was sold at an average price of $150.22, for a total transaction of $4,250,024.24.
Duolingo Price Performance
NASDAQ DUOL opened at $134.30 on Tuesday. Duolingo, Inc. has a fifty-two week low of $87.89 and a fifty-two week high of $353.00. The stock's 50-day moving average is $141.33 and its two-hundred day moving average is $121.44. The firm has a market cap of $6.28 billion, a P/E ratio of 15.91, a price-to-earnings-growth ratio of 1.18 and a beta of 0.89. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.72 and a quick ratio of 2.72.
Duolingo (NASDAQ:DUOL - Get Free Report) last released 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. The company had revenue of $298.45 million during the quarter, compared to the consensus estimate of $295.58 million. Duolingo had a return on equity of 12.10% and a net margin of 35.88%.The firm's revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.91 EPS. On average, analysts anticipate that Duolingo, Inc. will post 2.62 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in DUOL. Bank of America Corp DE increased its stake in Duolingo by 511.2% in the first quarter. Bank of America Corp DE now owns 1,332,301 shares of the company's stock valued at $131,325,000 after acquiring an additional 1,114,315 shares during the period. State of Michigan Retirement System lifted its stake in Duolingo by 112.9% during the first quarter. State of Michigan Retirement System now owns 1,193,307 shares of the company's stock worth $117,624,000 after purchasing an additional 632,807 shares during the period. Norges Bank acquired a new stake in Duolingo during the fourth quarter valued at approximately $86,159,000. Amundi boosted its holdings in Duolingo by 1,351.7% during the first quarter. Amundi now owns 449,068 shares of the company's stock valued at $44,265,000 after purchasing an additional 418,134 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Duolingo by 91.3% during the first quarter. Renaissance Technologies LLC now owns 603,806 shares of the company's stock valued at $59,517,000 after purchasing an additional 288,252 shares in the last quarter. 91.59% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on DUOL shares. Scotiabank set a $120.00 price target on Duolingo in a report on Thursday, August 6th. Craig Hallum cut shares of Duolingo to a "hold" rating in a research note on Tuesday, August 18th. Evercore set a $105.00 price objective on shares of Duolingo in a report on Thursday, August 6th. Jefferies Financial Group raised their target price on shares of Duolingo from $95.00 to $125.00 and gave the company a "hold" rating in a research note on Tuesday, July 14th. Finally, Wall Street Zen upgraded shares of Duolingo from a "sell" rating to a "hold" rating in a report on Sunday, August 16th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $124.38.
Get Our Latest Stock Report on Duolingo
About Duolingo
(
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.
Further Reading
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