Duolingo, Inc. (NYSE:DUOL) Insider Robert Meese Sells 5,000 Shares

Posted by Defense World Staff on Oct 3rd, 2023

Duolingo, Inc. (NYSE:DUOL – Get Free Report) insider Robert Meese sold 5,000 shares of the company’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $170.13, for a total value of $850,650.00. Following the sale, the insider now owns 194,104 shares of the company’s stock, valued at $33,022,913.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Duolingo Trading Up 0.0 %

Shares of DUOL opened at $165.95 on Tuesday. The company has a market capitalization of $6.89 billion, a P/E ratio of -210.06 and a beta of 0.29. Duolingo, Inc. has a one year low of $64.73 and a one year high of $174.70. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.62 and a current ratio of 3.62. The stock has a 50-day moving average price of $147.23 and a 200 day moving average price of $144.59.

Duolingo (NYSE:DUOL – Get Free Report) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.25. The firm had revenue of $126.84 million during the quarter, compared to the consensus estimate of $123.13 million. Duolingo had a negative return on equity of 5.58% and a negative net margin of 7.06%. Sell-side analysts forecast that Duolingo, Inc. will post -0.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Baillie Gifford & Co. boosted its holdings in Duolingo by 37.3% in the first quarter. Baillie Gifford & Co. now owns 4,467,624 shares of the company’s stock valued at $637,039,000 after purchasing an additional 1,214,871 shares during the last quarter. Durable Capital Partners LP lifted its holdings in Duolingo by 10.1% during the 4th quarter. Durable Capital Partners LP now owns 4,156,738 shares of the company’s stock worth $295,669,000 after buying an additional 379,844 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Duolingo by 24.8% during the 3rd quarter. Vanguard Group Inc. now owns 2,357,551 shares of the company’s stock worth $224,510,000 after buying an additional 468,057 shares during the last quarter. BlackRock Inc. lifted its holdings in Duolingo by 15.0% during the 2nd quarter. BlackRock Inc. now owns 2,323,082 shares of the company’s stock worth $332,061,000 after buying an additional 303,206 shares during the last quarter. Finally, Whale Rock Capital Management LLC lifted its holdings in Duolingo by 0.7% during the 2nd quarter. Whale Rock Capital Management LLC now owns 1,328,760 shares of the company’s stock worth $189,933,000 after buying an additional 8,668 shares during the last quarter. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Analysts Set New Price Targets

DUOL has been the subject of several research analyst reports. JMP Securities lowered Duolingo from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 7th. Piper Sandler upped their price target on Duolingo from $167.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 9th. Needham & Company LLC reiterated a “buy” rating and issued a $160.00 target price on shares of Duolingo in a research note on Wednesday, August 9th. Wolfe Research initiated coverage on Duolingo in a research note on Tuesday, June 20th. They issued a “market perform” rating for the company. Finally, UBS Group initiated coverage on Duolingo in a research note on Thursday, September 28th. They issued a “buy” rating and a $195.00 target price for the company. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $150.00.

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Duolingo Company Profile

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Duolingo, Inc operates as a mobile learning platform in the United States, China, 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 language proficiency assessment exam.