Duolingo, Inc. (NASDAQ:DUOL) General Counsel Stephen C. Chen Sells 2,064 Shares

Duolingo, Inc. (NASDAQ:DUOL) General Counsel Stephen C. Chen sold 2,064 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total transaction of $898,087.68. Following the completion of the sale, the general counsel now owns 34,634 shares in the company, valued at approximately $15,069,946.08. The trade was a 5.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Duolingo Stock Down 2.0 %

Shares of NASDAQ:DUOL opened at $432.52 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $441.77. The business’s 50 day simple moving average is $354.37 and its two-hundred day simple moving average is $300.95. The firm has a market cap of $19.03 billion, a P/E ratio of 236.35 and a beta of 0.89.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on DUOL shares. JPMorgan Chase & Co. increased their price target on Duolingo from $360.00 to $400.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Scotiabank initiated coverage on Duolingo in a research report on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 price target on the stock. Jefferies Financial Group initiated coverage on Duolingo in a research note on Friday, January 24th. They issued a “hold” rating and a $370.00 price target for the company. Barclays lifted their price objective on Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 7th. Finally, Needham & Company LLC raised their price target on shares of Duolingo from $370.00 to $385.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Duolingo presently has a consensus rating of “Moderate Buy” and a consensus price target of $355.55.

Hedge Funds Weigh In On Duolingo

A number of large investors have recently modified their holdings of DUOL. True Wealth Design LLC acquired a new position in Duolingo during the third quarter worth $26,000. First Horizon Advisors Inc. acquired a new stake in shares of Duolingo in the 3rd quarter worth about $29,000. Quarry LP raised its holdings in shares of Duolingo by 250.0% in the 4th quarter. Quarry LP now owns 91 shares of the company’s stock worth $30,000 after acquiring an additional 65 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Duolingo during the 4th quarter valued at about $31,000. Finally, Harvest Fund Management Co. Ltd boosted its stake in Duolingo by 5,050.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock valued at $33,000 after purchasing an additional 101 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors.

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.