Insider Selling: Duolingo, Inc. (NASDAQ:DUOL) Insider Sells 5,000 Shares of Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Robert Meese sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $285.04, for a total transaction of $1,425,200.00. Following the completion of the sale, the insider now owns 142,053 shares in the company, valued at approximately $40,490,787.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, September 20th, Robert Meese sold 5,000 shares of Duolingo stock. The shares were sold at an average price of $270.00, for a total value of $1,350,000.00.
• On Tuesday, September 17th, Robert Meese sold 4,819 shares of Duolingo stock. The shares were sold at an average price of $240.02, for a total value of $1,156,656.38.

Duolingo Stock Down 3.3 %

NASDAQ DUOL traded down $9.58 on Thursday, hitting $277.96. 949,795 shares of the company were exchanged, compared to its average volume of 737,412. Duolingo, Inc. has a 12 month low of $140.16 and a 12 month high of $297.56. The company has a current ratio of 3.28, a quick ratio of 3.28 and a debt-to-equity ratio of 0.07. The company has a market cap of $11.99 billion, a PE ratio of 303.56 and a beta of 0.76. The stock has a fifty day moving average of $204.17 and a 200-day moving average of $205.34.

Duolingo (NASDAQ:DUOL) last issued its earnings results on Wednesday, August 7th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.32 by $0.19. Duolingo had a return on equity of 9.64% and a net margin of 10.44%. The company had revenue of $178.30 million during the quarter, compared to the consensus estimate of $177.13 million. During the same period last year, the business posted $0.08 EPS. The firm’s revenue for the quarter was up 40.6% compared to the same quarter last year. As a group, analysts forecast that Duolingo, Inc. will post 1.87 earnings per share for the current year.

Hedge Funds Weigh In On Duolingo

A number of institutional investors have recently modified their holdings of DUOL. Vanguard Group Inc. raised its holdings in Duolingo by 2.0% during the first quarter. Vanguard Group Inc. now owns 3,387,433 shares of the company’s stock worth $747,200,000 after buying an additional 67,004 shares during the last quarter. Whale Rock Capital Management LLC grew its holdings in shares of Duolingo by 23.9% in the first quarter. Whale Rock Capital Management LLC now owns 1,275,189 shares of the company’s stock valued at $281,281,000 after acquiring an additional 245,599 shares in the last quarter. Dragoneer Investment Group LLC purchased a new stake in shares of Duolingo during the second quarter valued at approximately $204,768,000. American Century Companies Inc. lifted its holdings in Duolingo by 25.1% during the second quarter. American Century Companies Inc. now owns 498,957 shares of the company’s stock worth $104,117,000 after acquiring an additional 100,167 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Duolingo by 153.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 395,123 shares of the company’s stock valued at $82,450,000 after purchasing an additional 238,990 shares during the period. 91.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on DUOL shares. DA Davidson reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Duolingo in a research note on Tuesday, September 10th. Barclays decreased their price target on shares of Duolingo from $230.00 to $183.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. JPMorgan Chase & Co. lifted their price target on shares of Duolingo from $255.00 to $303.00 and gave the stock an “overweight” rating in a report on Wednesday. Wolfe Research assumed coverage on Duolingo in a report on Tuesday, July 16th. They issued a “peer perform” rating for the company. Finally, JMP Securities lifted their target price on Duolingo from $260.00 to $275.00 and gave the stock a “market outperform” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $255.50.

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.