Duolingo, Inc. (NASDAQ:DUOL) Insider Robert Meese Sells 10,000 Shares

Duolingo, Inc. (NASDAQ:DUOL) insider Robert Meese sold 10,000 shares of Duolingo stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $367.65, for a total value of $3,676,500.00. Following the transaction, the insider now owns 123,805 shares of the company’s stock, valued at $45,516,908.25. The trade was a 7.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Monday, March 24th, Robert Meese sold 5,351 shares of Duolingo stock. The stock was sold at an average price of $320.02, for a total value of $1,712,427.02.

Duolingo Price Performance

Shares of NASDAQ:DUOL opened at $381.83 on Friday. The company has a market capitalization of $17.28 billion, a P/E ratio of 208.65 and a beta of 0.91. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $441.77. The firm’s 50 day simple moving average is $325.71 and its two-hundred day simple moving average is $332.40. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09.

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

Institutional Investors Weigh In On Duolingo

Several institutional investors and hedge funds have recently modified their holdings of DUOL. Contravisory Investment Management Inc. purchased a new position in Duolingo during the first quarter valued at $25,000. Quarry LP grew its position in shares of Duolingo by 250.0% during the fourth quarter. Quarry LP now owns 91 shares of the company’s stock valued at $30,000 after purchasing an additional 65 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Duolingo in the fourth quarter worth about $31,000. Garde Capital Inc. bought a new position in Duolingo during the first quarter valued at approximately $31,000. Finally, Harvest Fund Management Co. Ltd grew its holdings in Duolingo by 5,050.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock valued at $33,000 after buying an additional 101 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of Duolingo from $410.00 to $360.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Scotiabank reduced their target price on Duolingo from $425.00 to $405.00 and set a “sector outperform” rating for the company in a report on Wednesday. Morgan Stanley began coverage on Duolingo in a report on Wednesday. They set an “overweight” rating and a $435.00 price target on the stock. JMP Securities reissued a “market perform” rating on shares of Duolingo in a research report on Friday, February 14th. Finally, Piper Sandler raised their price target on shares of Duolingo from $351.00 to $390.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $376.15.

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.