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 business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $270.00, for a total transaction of $1,350,000.00. Following the completion of the transaction, the insider now owns 147,053 shares in the company, valued at approximately $39,704,310. The sale was disclosed in a legal filing with the SEC, 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 stock was sold at an average price of $240.02, for a total transaction of $1,156,656.38.

Duolingo Stock Performance

Shares of DUOL stock opened at $269.79 on Wednesday. The firm has a market capitalization of $11.63 billion, a PE ratio of 278.13 and a beta of 0.76. The firm has a fifty day simple moving average of $202.03 and a two-hundred day simple moving average of $204.76. The company has a current ratio of 3.28, a quick ratio of 3.28 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a 12 month low of $140.16 and a 12 month high of $273.22.

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

Institutional Trading of Duolingo

A number of hedge funds and other institutional investors have recently bought and sold shares of DUOL. Pinnacle Wealth Planning Services Inc. grew its stake in shares of Duolingo by 5.5% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 1,046 shares of the company’s stock worth $231,000 after acquiring an additional 55 shares in the last quarter. 9258 Wealth Management LLC grew its stake in shares of Duolingo by 4.4% in the 4th quarter. 9258 Wealth Management LLC now owns 1,529 shares of the company’s stock worth $347,000 after acquiring an additional 65 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its stake in shares of Duolingo by 3.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,962 shares of the company’s stock worth $409,000 after acquiring an additional 73 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Duolingo by 19.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 520 shares of the company’s stock worth $109,000 after acquiring an additional 85 shares in the last quarter. Finally, Strategic Advocates LLC grew its stake in shares of Duolingo by 8.3% in the 2nd quarter. Strategic Advocates LLC now owns 1,149 shares of the company’s stock worth $240,000 after acquiring an additional 88 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Bank of America upgraded shares of Duolingo from a “neutral” rating to a “buy” rating and set a $245.00 price target on the stock in a research report on Friday, July 26th. DA Davidson restated a “buy” rating and issued a $250.00 price target on shares of Duolingo in a research report on Tuesday, September 10th. Evercore ISI upgraded shares of Duolingo to a “strong-buy” rating in a research report on Monday, August 5th. Needham & Company LLC dropped their target price on shares of Duolingo from $267.00 to $245.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Duolingo from $275.00 to $255.00 and set an “overweight” rating on the stock in a research 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 issued a strong buy rating to the company. According to MarketBeat, Duolingo currently has a consensus rating of “Moderate Buy” and a consensus target price 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.