Duolingo, Inc. (NASDAQ:DUOL) Insider Robert Meese Sells 4,819 Shares

Duolingo, Inc. (NASDAQ:DUOL) insider Robert Meese sold 4,819 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $240.02, for a total transaction of $1,156,656.38. Following the transaction, the insider now directly owns 157,053 shares of the company’s stock, valued at approximately $37,695,861.06. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Duolingo Stock Performance

Shares of NASDAQ:DUOL opened at $268.34 on Friday. The business’s 50-day simple moving average is $198.82 and its 200 day simple moving average is $204.06. The company has a market cap of $11.57 billion, a P/E ratio of 276.64 and a beta of 0.76. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.28 and a current ratio of 3.28. Duolingo, Inc. has a one year low of $140.16 and a one year high of $270.28.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Wednesday, August 7th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. The business had revenue of $178.30 million for the quarter, compared to analysts’ expectations of $177.13 million. Duolingo had a net margin of 10.44% and a return on equity of 9.64%. The business’s revenue for the quarter was up 40.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.08 earnings per share. On average, sell-side analysts forecast that Duolingo, Inc. will post 1.87 earnings per share for the current fiscal year.

Institutional Trading of Duolingo

Several large investors have recently modified their holdings of DUOL. UBS Group AG boosted its holdings in Duolingo by 76.4% in the fourth quarter. UBS Group AG now owns 35,563 shares of the company’s stock valued at $8,067,000 after purchasing an additional 15,404 shares during the last quarter. Trexquant Investment LP boosted its stake in shares of Duolingo by 163.9% during the 4th quarter. Trexquant Investment LP now owns 29,441 shares of the company’s stock valued at $6,679,000 after buying an additional 18,285 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Duolingo by 73.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 364,755 shares of the company’s stock worth $80,459,000 after buying an additional 154,659 shares in the last quarter. Mark Asset Management LP bought a new stake in shares of Duolingo in the fourth quarter worth $6,797,000. Finally, Vanguard Group Inc. raised its holdings in Duolingo by 2.0% in the first quarter. Vanguard Group Inc. now owns 3,387,433 shares of the company’s stock valued at $747,200,000 after acquiring an additional 67,004 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on DUOL shares. Barclays lowered their target price on shares of Duolingo from $230.00 to $183.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Evercore ISI raised shares of Duolingo to a “strong-buy” rating in a research note on Monday, August 5th. Wolfe Research assumed coverage on shares of Duolingo in a research note on Tuesday, July 16th. They set a “peer perform” rating on the stock. JPMorgan Chase & Co. cut their price target on shares of Duolingo from $275.00 to $255.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Finally, Needham & Company LLC cut their price objective on Duolingo from $267.00 to $245.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $237.40.

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.