Duolingo (NASDAQ:DUOL) Stock Price Down 2.8% After Insider Selling

Shares of Duolingo, Inc. (NASDAQ:DUOL) traded down 2.8% during trading on Monday after an insider sold shares in the company. The company traded as low as $202.43 and last traded at $202.77. 34,557 shares changed hands during trading, a decline of 96% from the average session volume of 791,815 shares. The stock had previously closed at $208.67.

Specifically, insider Severin Hacker sold 10,000 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $198.61, for a total value of $1,986,100.00. Following the sale, the insider now directly owns 72 shares in the company, valued at approximately $14,299.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Matthew Skaruppa sold 8,000 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $198.59, for a total value of $1,588,720.00. Following the transaction, the chief financial officer now directly owns 95,731 shares of the company’s stock, valued at approximately $19,011,219.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Severin Hacker sold 10,000 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $198.61, for a total transaction of $1,986,100.00. Following the completion of the transaction, the insider now directly owns 72 shares in the company, valued at $14,299.92. The disclosure for this sale can be found here. Insiders have sold a total of 56,198 shares of company stock worth $11,957,698 in the last ninety days. 18.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently commented on DUOL. DA Davidson began coverage on shares of Duolingo in a research report on Thursday, June 13th. They issued a “buy” rating and a $250.00 target price on the stock. Needham & Company LLC raised their price objective on shares of Duolingo from $241.00 to $267.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. JMP Securities raised shares of Duolingo from a “market perform” rating to a “market outperform” rating and set a $260.00 price objective on the stock in a research report on Tuesday, May 28th. JPMorgan Chase & Co. started coverage on shares of Duolingo in a research report on Monday, March 11th. They set an “overweight” rating and a $270.00 price objective on the stock. Finally, Piper Sandler reissued an “overweight” rating and set a $265.00 price objective (down from $282.00) on shares of Duolingo in a research report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a 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 $246.70.

Duolingo Trading Down 0.7 %

The company has a debt-to-equity ratio of 0.08, a current ratio of 3.22 and a quick ratio of 3.22. The company has a market cap of $8.36 billion, a price-to-earnings ratio of 199.89 and a beta of 0.73. The business’s 50-day simple moving average is $201.81 and its 200-day simple moving average is $206.42.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.27. The business had revenue of $167.70 million during the quarter, compared to the consensus estimate of $165.60 million. Duolingo had a net margin of 7.82% and a return on equity of 7.08%. The company’s quarterly revenue was up 44.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.06) earnings per share. Research analysts predict that Duolingo, Inc. will post 1.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Duolingo

Institutional investors have recently bought and sold shares of the stock. CHURCHILL MANAGEMENT Corp purchased a new stake in Duolingo in the fourth quarter valued at approximately $1,411,000. Raymond James & Associates acquired a new position in Duolingo during the fourth quarter valued at approximately $4,211,000. Cerity Partners LLC lifted its position in Duolingo by 2,767.0% during the fourth quarter. Cerity Partners LLC now owns 46,789 shares of the company’s stock valued at $10,614,000 after buying an additional 45,157 shares in the last quarter. UBS Group AG lifted its position in Duolingo by 76.4% during the fourth quarter. UBS Group AG now owns 35,563 shares of the company’s stock valued at $8,067,000 after buying an additional 15,404 shares in the last quarter. Finally, Trexquant Investment LP lifted its position in Duolingo by 163.9% during the fourth quarter. Trexquant Investment LP now owns 29,441 shares of the company’s stock valued at $6,679,000 after buying an additional 18,285 shares in the last quarter. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

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.