Robert Meese Sells 5,000 Shares of Duolingo, Inc. (NASDAQ:DUOL) Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Robert Meese sold 5,000 shares of the company’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $285.04, for a total value of $1,425,200.00. Following the completion of the sale, the insider now directly owns 142,053 shares in the company, valued at $40,490,787.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, September 20th, Robert Meese sold 5,000 shares of Duolingo stock. The stock was sold at an average price of $270.00, for a total value of $1,350,000.00.
• On Tuesday, September 17th, Robert Meese sold 4,819 shares of Duolingo stock. The stock was sold at an average price of $240.02, for a total transaction of $1,156,656.38.

Duolingo Trading Up 0.0 %

Shares of NASDAQ DUOL opened at $278.03 on Friday. Duolingo, Inc. has a 1-year low of $140.16 and a 1-year high of $297.56. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.28 and a quick ratio of 3.28. The business’s 50 day moving average is $208.21 and its two-hundred day moving average is $206.23. The stock has a market capitalization of $11.99 billion, a P/E ratio of 286.63 and a beta of 0.76.

Duolingo (NASDAQ:DUOL) last released its earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.19. The firm had revenue of $178.30 million for the quarter, compared to the consensus estimate of $177.13 million. Duolingo had a return on equity of 9.64% and a net margin of 10.44%. The company’s revenue for the quarter was up 40.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS. As a group, research analysts expect that Duolingo, Inc. will post 1.87 EPS for the current year.

Wall Street Analyst Weigh In

DUOL has been the subject of a number of research analyst reports. Needham & Company LLC lifted their price target on shares of Duolingo from $245.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday. Evercore ISI upgraded shares of Duolingo to a “strong-buy” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. upped their target price on shares of Duolingo from $255.00 to $303.00 and gave the stock an “overweight” rating in a research report on Wednesday. Bank of America lifted their price target on shares of Duolingo from $292.00 to $298.00 and gave the company a “buy” rating in a report on Wednesday. Finally, JMP Securities boosted their price target on shares of Duolingo from $260.00 to $275.00 and gave the stock a “market outperform” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $255.50.

Institutional Investors Weigh In On Duolingo

Several institutional investors have recently made changes to their positions in the company. Larson Financial Group LLC bought a new position in Duolingo during the 2nd quarter valued at about $31,000. Blue Trust Inc. bought a new position in shares of Duolingo during the second quarter valued at approximately $32,000. GAMMA Investing LLC raised its holdings in shares of Duolingo by 350.0% in the second quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $36,000 after buying an additional 133 shares during the period. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Duolingo during the 2nd quarter worth approximately $36,000. Finally, Fifth Third Bancorp purchased a new position in Duolingo during the 2nd quarter valued at $40,000. 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.