Duolingo (NASDAQ:DUOL) Stock Price Down 3.8% After Insider Selling

Duolingo, Inc. (NASDAQ:DUOL) was down 3.8% during trading on Tuesday following insider selling activity. The stock traded as low as $430.89 and last traded at $431.59. Approximately 459,553 shares traded hands during trading, a decline of 36% from the average daily volume of 719,061 shares. The stock had previously closed at $448.54.

Specifically, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction on Friday, June 20th. The shares were sold at an average price of $471.20, for a total value of $4,712,000.00. Following the sale, the insider now owns 72 shares of the company’s stock, valued at approximately $33,926.40. This trade represents a 99.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Analyst Upgrades and Downgrades

DUOL has been the subject of a number of research analyst reports. Barclays upped their price objective on shares of Duolingo from $330.00 to $375.00 and gave the stock an “equal weight” rating in a research report on Friday, May 2nd. DA Davidson upped their price target on shares of Duolingo from $470.00 to $600.00 and gave the stock a “buy” rating in a research report on Friday, May 30th. Morgan Stanley raised their price target on shares of Duolingo from $435.00 to $515.00 and gave the company an “overweight” rating in a research note on Monday, May 5th. Evercore ISI boosted their price objective on Duolingo from $400.00 to $480.00 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. Finally, JPMorgan Chase & Co. raised their target price on Duolingo from $500.00 to $580.00 and gave the company an “overweight” rating in a research report on Wednesday, June 4th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Duolingo presently has an average rating of “Moderate Buy” and a consensus price target of $441.29.

Duolingo Trading Down 3.7%

The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.06. The company’s 50-day moving average is $466.33 and its 200-day moving average is $383.71. The stock has a market capitalization of $19.64 billion, a price-to-earnings ratio of 213.17, a PEG ratio of 3.61 and a beta of 1.00.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.20. Duolingo had a net margin of 11.93% and a return on equity of 11.70%. The business had revenue of $230.74 million during the quarter, compared to the consensus estimate of $223.15 million. The business’s quarterly revenue was up 37.6% compared to the same quarter last year. Research analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Duolingo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DUOL. Rise Advisors LLC increased its position in shares of Duolingo by 43.6% during the 1st quarter. Rise Advisors LLC now owns 79 shares of the company’s stock worth $25,000 after purchasing an additional 24 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Duolingo by 20.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 153 shares of the company’s stock valued at $48,000 after acquiring an additional 26 shares during the last quarter. Kensington Investment Counsel LLC raised its stake in shares of Duolingo by 0.5% in the 4th quarter. Kensington Investment Counsel LLC now owns 5,633 shares of the company’s stock valued at $1,826,000 after acquiring an additional 30 shares during the period. Lido Advisors LLC boosted its position in shares of Duolingo by 0.3% during the 4th quarter. Lido Advisors LLC now owns 10,104 shares of the company’s stock worth $3,276,000 after purchasing an additional 30 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its position in shares of Duolingo by 1.2% during the 1st quarter. Crossmark Global Holdings Inc. now owns 2,942 shares of the company’s stock worth $914,000 after purchasing an additional 34 shares during the period. Hedge funds and other institutional investors own 91.59% of the company’s stock.

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.