Duolingo, Inc. (NYSE:DUOL) Insider Robert Meese Sells 4,600 Shares of Stock

Duolingo, Inc. (NYSE:DUOL – Get Rating) insider Robert Meese sold 4,600 shares of the business’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $150.07, for a total value of $690,322.00. Following the sale, the insider now owns 205,188 shares in the company, valued at $30,792,563.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Robert Meese also recently made the following trade(s):

• On Monday, May 15th, Robert Meese sold 763 shares of Duolingo stock. The stock was sold at an average price of $140.83, for a total value of $107,453.29.
• On Thursday, May 11th, Robert Meese sold 400 shares of Duolingo stock. The stock was sold at an average price of $150.00, for a total value of $60,000.00.
• On Friday, March 31st, Robert Meese sold 5,000 shares of Duolingo stock. The stock was sold at an average price of $140.25, for a total value of $701,250.00.
• On Tuesday, March 7th, Robert Meese sold 5,000 shares of Duolingo stock. The stock was sold at an average price of $130.11, for a total value of $650,550.00.

Duolingo Price Performance

Shares of NYSE:DUOL opened at $155.79 on Tuesday. The company has a quick ratio of 3.65, a current ratio of 3.65 and a debt-to-equity ratio of 0.04. Duolingo, Inc. has a twelve month low of $64.73 and a twelve month high of $156.11. The stock’s 50 day moving average is $136.55 and its 200-day moving average is $102.14. The firm has a market capitalization of $6.40 billion, a price-to-earnings ratio of -124.63 and a beta of 0.41.

Duolingo (NYSE:DUOL – Get Rating) last issued its earnings results on Tuesday, May 9th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.18. Duolingo had a negative return on equity of 9.22% and a negative net margin of 12.38%. The company had revenue of $115.66 million for the quarter, compared to analyst estimates of $112.86 million. During the same period in the prior year, the firm earned ($0.31) earnings per share. Duolingo’s revenue for the quarter was up 42.4% on a year-over-year basis. Sell-side analysts forecast that Duolingo, Inc. will post -0.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DUOL. Piper Sandler upped their target price on Duolingo from $127.00 to $167.00 and gave the company an “overweight” rating in a report on Wednesday, May 10th. Needham & Company LLC upped their target price on Duolingo from $115.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, May 10th. Barclays upped their target price on Duolingo from $131.00 to $136.00 and gave the company an “equal weight” rating in a report on Wednesday, May 10th. Bank of America boosted their price target on Duolingo from $105.00 to $160.00 in a research note on Thursday, April 6th. Finally, The Goldman Sachs Group boosted their price target on Duolingo from $92.00 to $109.00 and gave the company a “neutral” rating in a research note on Thursday, March 2nd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Duolingo currently has an average rating of “Moderate Buy” and a consensus target price of $142.38.

Hedge Funds Weigh In On Duolingo

A number of institutional investors have recently modified their holdings of the company. HBK Sorce Advisory LLC purchased a new stake in Duolingo in the 3rd quarter valued at $30,000. Captrust Financial Advisors raised its position in Duolingo by 620.8% in the 1st quarter. Captrust Financial Advisors now owns 555 shares of the company’s stock valued at $53,000 after buying an additional 478 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in Duolingo in the 4th quarter valued at $58,000. Nisa Investment Advisors LLC raised its position in Duolingo by 78.1% in the 1st quarter. Nisa Investment Advisors LLC now owns 570 shares of the company’s stock valued at $81,000 after buying an additional 250 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its position in Duolingo by 48.8% in the 1st quarter. Daiwa Securities Group Inc. now owns 595 shares of the company’s stock valued at $85,000 after buying an additional 195 shares during the last quarter. 63.16% of the stock is owned by institutional investors and hedge funds.

About Duolingo

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Duolingo, Inc develops a language-learning website and mobile app in the United States and China. The company offers courses in 40 different languages, including Spanish, English, French, Japanese, German, Italian, Chinese, Portuguese, and others. It also provides a digital language proficiency assessment exam.