Insider Selling: Duolingo, Inc. (NASDAQ:DUOL) Insider Sells 5,351 Shares of Stock

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

Duolingo Stock Up 0.5 %

Shares of Duolingo stock opened at $332.94 on Friday. The company’s fifty day simple moving average is $348.46 and its two-hundred day simple moving average is $322.38. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $441.77. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The company has a market cap of $15.06 billion, a P/E ratio of 181.94 and a beta of 0.92.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.19). Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The company had revenue of $209.55 million for the quarter, compared to analysts’ expectations of $205.49 million. Research analysts anticipate that Duolingo, Inc. will post 2.03 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System boosted its position in shares of Duolingo by 5.4% during the fourth quarter. California State Teachers Retirement System now owns 31,778 shares of the company’s stock valued at $10,303,000 after purchasing an additional 1,635 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Duolingo by 74.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,518 shares of the company’s stock valued at $1,141,000 after buying an additional 1,505 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Duolingo during the 4th quarter valued at $22,343,000. Armis Advisers LLC purchased a new stake in shares of Duolingo in the 4th quarter worth about $450,000. Finally, Polar Asset Management Partners Inc. bought a new position in shares of Duolingo in the 4th quarter worth about $4,734,000. Institutional investors own 91.59% of the company’s stock.

Analyst Ratings Changes

DUOL has been the subject of several analyst reports. JMP Securities restated a “market perform” rating on shares of Duolingo in a research report on Friday, February 14th. JPMorgan Chase & Co. boosted their target price on Duolingo from $400.00 to $410.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. UBS Group set a $400.00 price target on Duolingo in a research note on Tuesday, March 18th. Bank of America lowered Duolingo from a “buy” rating to a “neutral” rating and increased their price objective for the company from $355.00 to $375.00 in a research note on Wednesday, December 11th. Finally, Scotiabank assumed coverage on shares of Duolingo in a report on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 target price on the stock. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $377.08.

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.