Duolingo, Inc. (NASDAQ:DUOL) Insider Sells $1,712,427.02 in Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Robert Meese sold 5,351 shares of the firm’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $320.02, for a total value of $1,712,427.02. Following the completion of the transaction, the insider now owns 133,805 shares in the company, valued at approximately $42,820,276.10. This represents a 3.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Duolingo Stock Performance

Shares of NASDAQ DUOL opened at $315.00 on Friday. The stock has a market capitalization of $14.25 billion, a PE ratio of 172.13 and a beta of 0.92. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $441.77. The stock has a 50 day moving average price of $347.74 and a 200 day moving average price of $323.06. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.19). The company had revenue of $209.55 million during the quarter, compared to analyst estimates of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. Analysts predict that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Kensington Investment Counsel LLC lifted its stake in Duolingo by 0.5% in the 4th quarter. Kensington Investment Counsel LLC now owns 5,633 shares of the company’s stock valued at $1,826,000 after purchasing an additional 30 shares during the last quarter. Lido Advisors LLC lifted its position in shares of Duolingo by 0.3% in the fourth quarter. Lido Advisors LLC now owns 10,104 shares of the company’s stock valued at $3,276,000 after buying an additional 30 shares during the last quarter. Atria Investments Inc boosted its stake in shares of Duolingo by 3.9% during the 4th quarter. Atria Investments Inc now owns 1,029 shares of the company’s stock worth $334,000 after acquiring an additional 39 shares during the period. Lisanti Capital Growth LLC increased its holdings in shares of Duolingo by 0.3% during the 4th quarter. Lisanti Capital Growth LLC now owns 11,685 shares of the company’s stock worth $3,789,000 after acquiring an additional 40 shares during the last quarter. Finally, Fifth Third Bancorp raised its stake in Duolingo by 19.3% in the 4th quarter. Fifth Third Bancorp now owns 260 shares of the company’s stock valued at $84,000 after acquiring an additional 42 shares during the period. Institutional investors own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

DUOL has been the topic of several recent research reports. Needham & Company LLC raised their target price on shares of Duolingo from $385.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Citizens Jmp raised shares of Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 price objective on the stock in a research note on Tuesday, March 18th. Barclays upped their price objective on Duolingo from $295.00 to $330.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. JMP Securities reiterated a “market perform” rating on shares of Duolingo in a report on Friday, February 14th. Finally, Bank of America cut shares of Duolingo from a “buy” rating to a “neutral” rating and upped their price objective for the company from $355.00 to $375.00 in a research report on Wednesday, December 11th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $377.08.

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.