Insider Selling: Duolingo (NASDAQ:DUOL) Insider Sells $110,060.00 in Stock

Duolingo, Inc. (NASDAQ:DUOLGet Free Report) insider Robert Meese sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $110.06, for a total transaction of $110,060.00. Following the transaction, the insider directly owned 122,636 shares in the company, valued at $13,497,318.16. This trade represents a 0.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Duolingo Price Performance

Shares of DUOL opened at $112.94 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.82 and a current ratio of 2.82. The company has a 50 day moving average price of $152.08 and a 200-day moving average price of $231.60. Duolingo, Inc. has a fifty-two week low of $107.16 and a fifty-two week high of $544.93. The stock has a market capitalization of $5.22 billion, a PE ratio of 14.31, a PEG ratio of 0.60 and a beta of 0.86.

Key Duolingo News

Here are the key news stories impacting Duolingo this week:

Hedge Funds Weigh In On Duolingo

Several hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC boosted its stake in Duolingo by 1,868.2% in the 1st quarter. NewEdge Advisors LLC now owns 433 shares of the company’s stock worth $134,000 after purchasing an additional 411 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Duolingo by 123.9% in the first quarter. Goldman Sachs Group Inc. now owns 87,556 shares of the company’s stock worth $27,190,000 after buying an additional 48,451 shares during the last quarter. Focus Partners Wealth lifted its stake in shares of Duolingo by 28.3% during the first quarter. Focus Partners Wealth now owns 2,021 shares of the company’s stock worth $628,000 after buying an additional 446 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in shares of Duolingo during the second quarter valued at $230,000. Finally, Allianz Asset Management GmbH grew its holdings in shares of Duolingo by 123.5% during the second quarter. Allianz Asset Management GmbH now owns 18,251 shares of the company’s stock valued at $7,483,000 after buying an additional 10,085 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DUOL. Needham & Company LLC decreased their price objective on Duolingo from $460.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. KeyCorp downgraded shares of Duolingo from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 6th. Truist Financial set a $245.00 price target on shares of Duolingo in a report on Thursday, January 15th. Morgan Stanley cut their price objective on shares of Duolingo from $275.00 to $245.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 3rd. Finally, Jefferies Financial Group increased their target price on shares of Duolingo from $210.00 to $220.00 and gave the company a “hold” rating in a research report on Thursday, December 11th. Eleven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $292.37.

View Our Latest Analysis on DUOL

Duolingo Company Profile

(Get Free Report)

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.

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Insider Buying and Selling by Quarter for Duolingo (NASDAQ:DUOL)

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