Duolingo (NASDAQ:DUOL) Shares Down 3.1% on Insider Selling

Duolingo, Inc. (NASDAQ:DUOL)’s share price was down 3.1% during trading on Friday following insider selling activity. The stock traded as low as $324.83 and last traded at $324.83. Approximately 34,817 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 684,435 shares. The stock had previously closed at $335.22.

Specifically, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $336.82, for a total value of $3,368,200.00. Following the sale, the insider now owns 72 shares of the company’s stock, valued at $24,251.04. The trade was a 99.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Ahn Luis Von sold 41,759 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $340.29, for a total transaction of $14,210,170.11. The disclosure for this sale can be found here.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DUOL shares. JPMorgan Chase & Co. boosted their target price on shares of Duolingo from $360.00 to $400.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. JMP Securities lowered Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. The Goldman Sachs Group raised their price target on Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Bank of America downgraded shares of Duolingo from a “buy” rating to a “neutral” rating and increased their target price for the company from $355.00 to $375.00 in a research note on Wednesday, December 11th. Finally, Piper Sandler upped their price target on shares of Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $353.90.

Duolingo Trading Up 2.1 %

The stock’s 50-day moving average price is $322.88 and its 200 day moving average price is $250.55. 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 firm has a market capitalization of $15.05 billion, a PE ratio of 186.95 and a beta of 0.85.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.35 by $0.14. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The company had revenue of $192.59 million for the quarter, compared to the consensus estimate of $189.19 million. During the same period last year, the business posted $0.06 EPS. Duolingo’s quarterly revenue was up 39.9% on a year-over-year basis. On average, sell-side analysts expect that Duolingo, Inc. will post 2.02 EPS for the current fiscal year.

Institutional Trading of Duolingo

A number of hedge funds have recently added to or reduced their stakes in DUOL. Dragoneer Investment Group LLC bought a new stake in shares of Duolingo in the 2nd quarter valued at about $204,768,000. FMR LLC raised its stake in Duolingo by 26.9% in the third quarter. FMR LLC now owns 2,663,234 shares of the company’s stock worth $751,085,000 after buying an additional 564,173 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Duolingo by 30,909.9% during the third quarter. International Assets Investment Management LLC now owns 355,063 shares of the company’s stock worth $100,135,000 after buying an additional 353,918 shares during the period. Bank of New York Mellon Corp boosted its position in Duolingo by 153.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 395,123 shares of the company’s stock valued at $82,450,000 after acquiring an additional 238,990 shares in the last quarter. Finally, Spyglass Capital Management LLC purchased a new position in shares of Duolingo in the 3rd quarter valued at $38,512,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

About Duolingo

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.