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 company’s stock in a transaction on 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 directly owns 133,805 shares in the company, valued at $42,820,276.10. This trade represents a 3.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Duolingo Price Performance

NASDAQ:DUOL traded down $9.28 during trading hours on Wednesday, hitting $331.22. 1,095,494 shares of the stock were exchanged, compared to its average volume of 850,146. The company has a market cap of $14.99 billion, a P/E ratio of 181.00 and a beta of 0.92. The firm’s fifty day moving average price is $348.42 and its 200 day moving average price is $322.25. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $441.77. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07.

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

Hedge Funds Weigh In On Duolingo

Institutional investors have recently added to or reduced their stakes in the stock. Quest Partners LLC acquired a new position in shares of Duolingo during the 3rd quarter valued at about $105,000. Pathstone Holdings LLC grew its stake in shares of Duolingo by 15.3% in the 3rd quarter. Pathstone Holdings LLC now owns 5,242 shares of the company’s stock valued at $1,478,000 after buying an additional 694 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Duolingo by 5.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,118 shares of the company’s stock worth $1,443,000 after buying an additional 280 shares during the last quarter. First Horizon Advisors Inc. purchased a new stake in shares of Duolingo during the 3rd quarter valued at approximately $29,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Duolingo by 42.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company’s stock valued at $96,530,000 after buying an additional 101,653 shares during the period. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DUOL. JMP Securities reaffirmed a “market perform” rating on shares of Duolingo in a research report on Friday, February 14th. Scotiabank initiated coverage on Duolingo in a research report on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 price target for the company. JPMorgan Chase & Co. upped their price objective on Duolingo from $400.00 to $410.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Jefferies Financial Group began coverage on shares of Duolingo in a report on Friday, January 24th. They set a “hold” rating and a $370.00 target price for the company. Finally, Bank of America downgraded shares of Duolingo from a “buy” rating to a “neutral” rating and increased their price target for the stock from $355.00 to $375.00 in a report on Wednesday, December 11th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.