Duolingo, Inc. (NASDAQ:DUOL) Insider Robert Meese Sells 4,819 Shares of Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Robert Meese sold 4,819 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $240.02, for a total transaction of $1,156,656.38. Following the completion of the transaction, the insider now owns 157,053 shares of the company’s stock, valued at approximately $37,695,861.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Duolingo Trading Up 5.5 %

Shares of NASDAQ:DUOL opened at $264.00 on Friday. The company has a 50-day simple moving average of $195.83 and a 200 day simple moving average of $203.34. The company has a market capitalization of $11.38 billion, a P/E ratio of 272.16 and a beta of 0.76. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.28 and a current ratio of 3.28. Duolingo, Inc. has a 52-week low of $140.16 and a 52-week high of $265.60.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.19. Duolingo had a return on equity of 9.64% and a net margin of 10.44%. The business had revenue of $178.30 million during the quarter, compared to the consensus estimate of $177.13 million. During the same quarter last year, the firm posted $0.08 EPS. The company’s quarterly revenue was up 40.6% on a year-over-year basis. Sell-side analysts forecast that Duolingo, Inc. will post 1.87 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cim LLC boosted its holdings in shares of Duolingo by 8.2% during the second quarter. Cim LLC now owns 5,034 shares of the company’s stock worth $1,058,000 after acquiring an additional 383 shares during the period. Clearbridge Investments LLC grew its holdings in Duolingo by 34.3% in the 2nd quarter. Clearbridge Investments LLC now owns 173,867 shares of the company’s stock valued at $36,281,000 after buying an additional 44,413 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its position in Duolingo by 23.7% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 67,114 shares of the company’s stock worth $14,005,000 after buying an additional 12,860 shares during the period. Creative Planning lifted its holdings in shares of Duolingo by 37.0% during the second quarter. Creative Planning now owns 3,932 shares of the company’s stock worth $820,000 after buying an additional 1,061 shares in the last quarter. Finally, Driehaus Capital Management LLC boosted its position in shares of Duolingo by 4.6% in the second quarter. Driehaus Capital Management LLC now owns 287,210 shares of the company’s stock valued at $59,932,000 after acquiring an additional 12,666 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. JMP Securities reissued a “market outperform” rating and issued a $260.00 price target on shares of Duolingo in a research note on Wednesday, July 10th. Piper Sandler reissued an “overweight” rating and issued a $271.00 target price on shares of Duolingo in a research report on Friday, August 30th. Barclays reduced their price target on Duolingo from $230.00 to $183.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. Bank of America upgraded shares of Duolingo from a “neutral” rating to a “buy” rating and set a $245.00 price objective on the stock in a report on Friday, July 26th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Duolingo from $275.00 to $255.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $237.40.

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.