Robert Meese Sells 10,000 Shares of Duolingo, Inc. (NASDAQ:DUOL) Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Robert Meese sold 10,000 shares of Duolingo stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $367.65, for a total transaction of $3,676,500.00. Following the completion of the transaction, the insider now owns 123,805 shares of the company’s stock, valued at $45,516,908.25. This represents a 7.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Monday, March 24th, Robert Meese sold 5,351 shares of Duolingo stock. The stock was sold at an average price of $320.02, for a total value of $1,712,427.02.

Duolingo Stock Up 1.8 %

Shares of NASDAQ DUOL opened at $381.83 on Friday. The company has a market cap of $17.28 billion, a price-to-earnings ratio of 208.65 and a beta of 0.91. 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 firm’s fifty day moving average is $325.71 and its 200 day moving average is $332.40. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $441.77.

Duolingo (NASDAQ:DUOL) last posted its earnings results 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). The business had revenue of $209.55 million during the quarter, compared to the consensus estimate of $205.49 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. On average, equities research analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Institutional Trading of Duolingo

Several large investors have recently added to or reduced their stakes in the stock. Contravisory Investment Management Inc. bought a new stake in shares of Duolingo during the 1st quarter valued at about $25,000. Quarry LP lifted its stake in shares of Duolingo by 250.0% in the 4th quarter. Quarry LP now owns 91 shares of the company’s stock valued at $30,000 after purchasing an additional 65 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Duolingo during the fourth quarter valued at approximately $31,000. Garde Capital Inc. bought a new position in Duolingo in the first quarter worth $31,000. Finally, Harvest Fund Management Co. Ltd lifted its position in 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 buying an additional 101 shares during the period. Institutional investors own 91.59% of the company’s stock.

Analysts Set New Price Targets

DUOL has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Duolingo from $410.00 to $360.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Piper Sandler increased their price objective on Duolingo from $351.00 to $390.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Jefferies Financial Group assumed coverage on Duolingo in a research report on Friday, January 24th. They set a “hold” rating and a $370.00 target price for the company. JMP Securities reiterated a “market perform” rating on shares of Duolingo in a research report on Friday, February 14th. Finally, Morgan Stanley assumed coverage on shares of Duolingo in a research report on Wednesday. They issued an “overweight” rating and a $435.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Duolingo presently has a consensus rating of “Moderate Buy” and an average target price of $376.15.

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.