Duolingo, Inc. (NASDAQ:DUOL – Get Free Report) insider Robert Meese sold 1,420 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $112.16, for a total value of $159,267.20. Following the transaction, the insider directly owned 170,745 shares in the company, valued at $19,150,759.20. This trade represents a 0.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Duolingo Stock Up 0.8%
Shares of NASDAQ:DUOL traded up $0.86 during trading on Tuesday, hitting $114.10. 1,806,600 shares of the company were exchanged, compared to its average volume of 2,449,816. The stock has a market cap of $5.32 billion, a price-to-earnings ratio of 13.13, a P/E/G ratio of 0.85 and a beta of 0.90. Duolingo, Inc. has a fifty-two week low of $87.89 and a fifty-two week high of $540.30. The firm has a fifty day moving average price of $100.90 and a two-hundred day moving average price of $142.73. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.07.
Duolingo (NASDAQ:DUOL – Get Free Report) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.10. The firm had revenue of $291.97 million for the quarter, compared to analyst estimates of $288.60 million. Duolingo had a return on equity of 14.07% and a net margin of 38.44%.The business’s quarterly revenue was up 26.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.72 EPS. As a group, research analysts anticipate that Duolingo, Inc. will post 2.84 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
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Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in DUOL. NewEdge Advisors LLC increased its holdings in shares of Duolingo by 1,868.2% during the 1st quarter. NewEdge Advisors LLC now owns 433 shares of the company’s stock worth $134,000 after acquiring an additional 411 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Duolingo by 123.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 87,556 shares of the company’s stock worth $27,190,000 after acquiring an additional 48,451 shares during the last quarter. Focus Partners Wealth increased its holdings in shares of Duolingo by 28.3% during the 1st quarter. Focus Partners Wealth now owns 2,021 shares of the company’s stock worth $628,000 after acquiring an additional 446 shares during the last quarter. Amundi increased its holdings in shares of Duolingo by 142.1% during the 2nd quarter. Amundi now owns 26,075 shares of the company’s stock worth $10,352,000 after acquiring an additional 15,306 shares during the last quarter. Finally, Gabelli Funds LLC acquired a new position in shares of Duolingo during the 2nd quarter worth approximately $205,000. 91.59% of the stock is owned by institutional investors and hedge funds.
About Duolingo
Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.
In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.
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