Durable Capital Partners LP, 10% Owner at Duolingo (NASDAQ:DUOL), reported a large insider sell on August 31, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Thursday showed that LP sold 161,773 shares of Duolingo. The total transaction amounted to $23,755,766.
Duolingo shares are trading up 1.58% at $149.49 at the time of this writing on Friday morning.
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Why Insider Transactions Are Important
Insider transactions shouldn't be used primarily to ...