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 dated Thursday, March 20th. The shares were sold at an average price of $310.00, for a total value of $1,550,000.00. Following the completion of the sale, the director now owns 3,530 shares of the company’s stock, valued at $1,094,300. This represents a 58.62 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Duolingo Stock Up 1.0 %

DUOL stock opened at $309.30 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The stock has a market capitalization of $13.99 billion, a P/E ratio of 169.02 and a beta of 0.92. The business has a 50-day moving average of $347.58 and a 200-day moving average of $320.47. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $441.77.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on DUOL shares. Barclays upped their price objective on Duolingo from $295.00 to $330.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. JMP Securities reiterated a “market perform” rating on shares of Duolingo in a report on Friday, February 14th. Citizens Jmp upgraded Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 price objective for the company in a report on Tuesday, March 18th. Scotiabank started coverage on Duolingo in a report on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 price objective for the company. Finally, Needham & Company LLC increased their price target on Duolingo from $385.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $376.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of DUOL. True Wealth Design LLC acquired a new position in Duolingo during the third quarter valued at approximately $26,000. First Horizon Advisors Inc. acquired a new position in shares of Duolingo during the 3rd quarter worth approximately $29,000. Quarry LP increased its position in shares of Duolingo by 250.0% during the 4th quarter. Quarry LP now owns 91 shares of the company’s stock worth $30,000 after purchasing an additional 65 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Duolingo during the 4th quarter worth approximately $31,000. Finally, Harvest Fund Management Co. Ltd increased its position in shares of Duolingo by 5,050.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock worth $33,000 after purchasing an additional 101 shares during the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

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.