Duolingo, Inc. (NASDAQ:DUOL) Insider Sells $1,975,000.00 in Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Robert Meese sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $395.00, for a total transaction of $1,975,000.00. Following the transaction, the insider now owns 118,805 shares of the company’s stock, valued at approximately $46,927,975. The trade was a 4.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Wednesday, April 23rd, Robert Meese sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $367.65, for a total transaction of $3,676,500.00.
• On Monday, March 24th, Robert Meese sold 5,351 shares of Duolingo stock. The shares were sold at an average price of $320.02, for a total transaction of $1,712,427.02.

Duolingo Stock Up 2.7 %

Shares of NASDAQ DUOL opened at $400.00 on Friday. 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 company has a 50-day moving average price of $324.30 and a 200-day moving average price of $335.14. The stock has a market capitalization of $18.10 billion, a P/E ratio of 218.58 and a beta of 0.91. 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 results on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.20. The business had revenue of $230.74 million during the quarter, compared to the consensus estimate of $223.15 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The company’s revenue for the quarter was up 37.6% compared to the same quarter last year. On average, equities research analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DUOL. Scotiabank dropped their price objective on Duolingo from $425.00 to $405.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, April 23rd. Citizens Jmp raised Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 price target on the stock in a research note on Tuesday, March 18th. JPMorgan Chase & Co. reduced 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. Barclays boosted their target price on shares of Duolingo from $295.00 to $330.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Finally, Jefferies Financial Group began coverage on shares of Duolingo in a report on Friday, January 24th. They issued a “hold” rating and a $370.00 price target for the company. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $376.15.

Institutional Investors Weigh In On Duolingo

Several institutional investors have recently bought and sold shares of the stock. FMR LLC raised its holdings in shares of Duolingo by 39.9% in the fourth quarter. FMR LLC now owns 3,726,561 shares of the company’s stock valued at $1,208,263,000 after purchasing an additional 1,063,327 shares during the last quarter. Norges Bank bought a new stake in Duolingo in the 4th quarter worth about $152,296,000. T. Rowe Price Investment Management Inc. increased its stake in Duolingo by 548.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 470,834 shares of the company’s stock valued at $152,659,000 after buying an additional 398,259 shares during the last quarter. Invesco Ltd. lifted its position in shares of Duolingo by 53.5% during the 4th quarter. Invesco Ltd. now owns 1,085,066 shares of the company’s stock worth $351,811,000 after buying an additional 378,225 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Duolingo by 41,959.1% in the 1st quarter. GAMMA Investing LLC now owns 239,737 shares of the company’s stock worth $74,448,000 after buying an additional 239,167 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

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.