Insider Selling: Duolingo, Inc. (NASDAQ:DUOL) Director Sells 5,000 Shares of Stock

Duolingo, Inc. (NASDAQ:DUOL) Director Gillian Munson sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $310.00, for a total transaction of $1,550,000.00. Following the completion of the transaction, the director now owns 3,530 shares of the company’s stock, valued at approximately $1,094,300. This trade represents a 58.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Duolingo Stock Up 1.0 %

Shares of NASDAQ DUOL opened at $309.30 on Friday. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The firm has a market cap of $13.99 billion, a PE ratio of 169.02 and a beta of 0.92. The company’s fifty day simple moving average is $347.58 and its 200 day simple moving average is $319.68. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $441.77.

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on DUOL shares. DA Davidson increased their price objective on Duolingo from $350.00 to $400.00 and gave the company a “buy” rating in a report on Friday, February 28th. Jefferies Financial Group started coverage on Duolingo in a research note on Friday, January 24th. They issued a “hold” rating and a $370.00 price target for the company. JPMorgan Chase & Co. lifted their price objective on Duolingo from $400.00 to $410.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Citizens Jmp raised shares of Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 target price for the company in a research report on Tuesday, March 18th. Finally, Piper Sandler boosted their price target on shares of Duolingo from $351.00 to $390.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $376.25.

Institutional Investors Weigh In On Duolingo

A number of hedge funds have recently added to or reduced their stakes in DUOL. Kensington Investment Counsel LLC lifted its holdings 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 worth $1,826,000 after purchasing an additional 30 shares in the last quarter. Lido Advisors LLC increased its stake in Duolingo by 0.3% during the 4th quarter. Lido Advisors LLC now owns 10,104 shares of the company’s stock valued at $3,276,000 after purchasing an additional 30 shares in the last quarter. CIBC Asset Management Inc raised its holdings in Duolingo by 3.1% during the third quarter. CIBC Asset Management Inc now owns 1,061 shares of the company’s stock worth $299,000 after buying an additional 32 shares during the last quarter. Atria Investments Inc lifted its stake in shares of Duolingo by 3.9% in the fourth quarter. Atria Investments Inc now owns 1,029 shares of the company’s stock valued at $334,000 after buying an additional 39 shares in the last quarter. Finally, Lisanti Capital Growth LLC grew its holdings in shares of Duolingo by 0.3% during the fourth quarter. Lisanti Capital Growth LLC now owns 11,685 shares of the company’s stock valued at $3,789,000 after buying an additional 40 shares during the last quarter. Institutional investors and hedge funds 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.