Insider Selling: Duolingo, Inc. (NASDAQ:DUOL) Insider Sells 5,351 Shares of Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Robert Meese sold 5,351 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $320.02, for a total value of $1,712,427.02. Following the transaction, the insider now owns 133,805 shares of the company’s stock, valued at approximately $42,820,276.10. The trade was a 3.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Duolingo Price Performance

DUOL opened at $331.22 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The stock’s 50 day simple moving average is $348.64 and its 200 day simple moving average is $322.31. The firm has a market cap of $14.99 billion, a price-to-earnings ratio of 181.00 and a beta of 0.92. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $441.77.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The company had revenue of $209.55 million for the quarter, compared to analysts’ expectations of $205.49 million. As a group, analysts predict that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Institutional Investors Weigh In On Duolingo

A number of large investors have recently added to or reduced their stakes in DUOL. True Wealth Design LLC purchased a new stake in shares of Duolingo during the third quarter worth about $26,000. First Horizon Advisors Inc. purchased a new stake in Duolingo in the 3rd quarter worth approximately $29,000. Quarry LP grew its position 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 buying an additional 65 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Duolingo during the fourth quarter valued at approximately $31,000. Finally, Harvest Fund Management Co. Ltd raised its holdings in shares of Duolingo by 5,050.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock valued at $33,000 after acquiring an additional 101 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on DUOL shares. Scotiabank started coverage on Duolingo in a report on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 price objective for the company. Piper Sandler increased their price target on shares of Duolingo from $351.00 to $390.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Bank of America cut shares of Duolingo from a “buy” rating to a “neutral” rating and raised their price objective for the company from $355.00 to $375.00 in a research report on Wednesday, December 11th. Citizens Jmp upgraded shares of Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 target price for the company in a research report on Tuesday, March 18th. Finally, Jefferies Financial Group started coverage on Duolingo in a research report on Friday, January 24th. They set a “hold” rating and a $370.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $376.25.

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.