Duolingo, Inc. (NASDAQ:DUOL) Insider Sells $1,350,000.00 in Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Robert Meese sold 5,000 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $270.00, for a total transaction of $1,350,000.00. Following the transaction, the insider now owns 147,053 shares of the company’s stock, valued at approximately $39,704,310. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, September 17th, Robert Meese sold 4,819 shares of Duolingo stock. The shares were sold at an average price of $240.02, for a total transaction of $1,156,656.38.

Duolingo Trading Down 0.2 %

Shares of Duolingo stock opened at $269.79 on Wednesday. Duolingo, Inc. has a 12-month low of $140.16 and a 12-month high of $273.22. The company has a market cap of $11.63 billion, a price-to-earnings ratio of 278.13 and a beta of 0.76. The company has a current ratio of 3.28, a quick ratio of 3.28 and a debt-to-equity ratio of 0.07. The company’s 50-day moving average price is $202.03 and its 200-day moving average price is $204.76.

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on DUOL shares. Piper Sandler restated an “overweight” rating and set a $271.00 price target on shares of Duolingo in a research report on Friday, August 30th. Wolfe Research started coverage on shares of Duolingo in a research report on Tuesday, July 16th. They set a “peer perform” rating for the company. JPMorgan Chase & Co. reduced their price target on shares of Duolingo from $275.00 to $255.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Bank of America upgraded shares of Duolingo from a “neutral” rating to a “buy” rating and set a $245.00 price target for the company in a research report on Friday, July 26th. Finally, Evercore ISI upgraded shares of Duolingo to a “strong-buy” rating in a research report on Monday, August 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $237.40.

Institutional Investors Weigh In On Duolingo

A number of institutional investors and hedge funds have recently modified their holdings of the company. Cim LLC lifted its holdings in shares of Duolingo by 8.2% in the second quarter. Cim LLC now owns 5,034 shares of the company’s stock worth $1,058,000 after buying an additional 383 shares in the last quarter. Clearbridge Investments LLC increased its position in shares of Duolingo by 34.3% in the second quarter. Clearbridge Investments LLC now owns 173,867 shares of the company’s stock worth $36,281,000 after purchasing an additional 44,413 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its position in shares of Duolingo by 23.7% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 67,114 shares of the company’s stock worth $14,005,000 after purchasing an additional 12,860 shares during the last quarter. Creative Planning increased its position in shares of Duolingo by 37.0% in the second quarter. Creative Planning now owns 3,932 shares of the company’s stock worth $820,000 after purchasing an additional 1,061 shares during the last quarter. Finally, Driehaus Capital Management LLC increased its position in shares of Duolingo by 4.6% in the second quarter. Driehaus Capital Management LLC now owns 287,210 shares of the company’s stock worth $59,932,000 after purchasing an additional 12,666 shares during the last quarter. 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.