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 shares were sold at an average price of $320.02, for a total transaction of $1,712,427.02. Following the completion of the sale, the insider now owns 133,805 shares in the company, valued at approximately $42,820,276.10. This trade represents a 3.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Duolingo Stock Down 2.7 %

NASDAQ DUOL traded down $9.28 on Wednesday, hitting $331.22. 1,095,494 shares of the stock were exchanged, compared to its average volume of 850,146. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $441.77. The company has a 50-day moving average price of $348.42 and a 200-day moving average price of $322.25. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The company has a market cap of $14.99 billion, a PE ratio of 181.00 and a beta of 0.92.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in DUOL. Catalyst Capital Advisors LLC purchased a new position in shares of Duolingo during the fourth quarter worth approximately $1,994,000. Taika Capital LP acquired a new stake in Duolingo during the 4th quarter worth $2,697,000. Lecap Asset Management Ltd. purchased a new position in Duolingo during the 4th quarter worth $429,000. Charles Schwab Investment Management Inc. increased its stake in Duolingo by 42.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company’s stock valued at $96,530,000 after purchasing an additional 101,653 shares during the period. Finally, Rockefeller Capital Management L.P. purchased a new stake in shares of Duolingo in the third quarter valued at about $4,350,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Scotiabank began coverage on shares of Duolingo in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 price target on the stock. Jefferies Financial Group started coverage on Duolingo in a research note on Friday, January 24th. They set a “hold” rating and a $370.00 price target on the stock. Bank of America cut Duolingo from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $355.00 to $375.00 in a research note on Wednesday, December 11th. Piper Sandler increased their target price on Duolingo from $351.00 to $390.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Finally, The Goldman Sachs Group lifted their target price on Duolingo from $275.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $376.25.

About Duolingo

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.