Insider Selling: Duolingo (NASDAQ:DUOL) General Counsel Sells 1,977 Shares of Stock

Duolingo, Inc. (NASDAQ:DUOL) General Counsel Stephen Chen sold 1,977 shares of Duolingo stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $113.61, for a total transaction of $224,606.97. Following the transaction, the general counsel owned 52,807 shares of the company’s stock, valued at $5,999,403.27. The trade was a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Duolingo Stock Up 0.8%

Shares of DUOL stock traded up $0.86 during trading hours on Tuesday, hitting $114.10. 1,806,600 shares of the company’s stock traded hands, compared to its average volume of 2,449,816. The stock’s fifty day simple moving average is $100.90 and its two-hundred day simple moving average is $142.73. Duolingo, Inc. has a 12-month low of $87.89 and a 12-month high of $540.30. The stock has a market cap of $5.32 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 0.85 and a beta of 0.90. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last released its earnings results on Monday, May 4th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.10. Duolingo had a net margin of 38.44% and a return on equity of 14.07%. The firm had revenue of $291.97 million during the quarter, compared to analyst estimates of $288.60 million. During the same period last year, the business earned $0.72 earnings per share. The business’s revenue was up 26.5% on a year-over-year basis. On average, analysts expect that Duolingo, Inc. will post 2.84 EPS for the current year.

Institutional Investors Weigh In On Duolingo

A number of hedge funds have recently modified their holdings of DUOL. Root Financial Partners LLC grew its position in shares of Duolingo by 194.1% during the 1st quarter. Root Financial Partners LLC now owns 250 shares of the company’s stock valued at $25,000 after acquiring an additional 165 shares during the period. EFG International AG bought a new stake in shares of Duolingo during the 4th quarter valued at $26,000. Atlantic Union Bankshares Corp bought a new stake in shares of Duolingo during the 3rd quarter valued at $32,000. AlphaCentric Advisors LLC bought a new stake in shares of Duolingo during the 4th quarter valued at $33,000. Finally, Banque Cantonale Vaudoise grew its position in shares of Duolingo by 51.1% during the 1st quarter. Banque Cantonale Vaudoise now owns 340 shares of the company’s stock valued at $34,000 after acquiring an additional 115 shares during the period. Institutional investors own 91.59% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on DUOL shares. Evercore set a $97.00 price target on shares of Duolingo in a research report on Tuesday, May 5th. Morgan Stanley cut their target price on shares of Duolingo from $100.00 to $95.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 5th. Argus reaffirmed a “hold” rating on shares of Duolingo in a research report on Wednesday, March 18th. Truist Financial downgraded shares of Duolingo from a “buy” rating to a “hold” rating and set a $100.00 target price for the company. in a research report on Friday, February 27th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $145.00 target price on shares of Duolingo in a research report on Tuesday, May 5th. Three investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $195.94.

Duolingo Company Profile

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.