Duolingo (NASDAQ:DUOL) Stock Price Down 4.2% After Insider Selling

Shares of Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) fell 4.2% during mid-day trading on Monday after an insider sold shares in the company. The company traded as low as $485.53 and last traded at $491.49. 157,158 shares traded hands during trading, a decline of 78% from the average session volume of 710,754 shares. The stock had previously closed at $512.95.

Specifically, insider Severin Hacker sold 10,000 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $525.10, for a total transaction of $5,251,000.00. Following the sale, the insider now directly owns 72 shares of the company's stock, valued at $37,807.20. This represents a 99.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DUOL. Piper Sandler set a $375.00 price target on shares of Duolingo in a research note on Friday, May 2nd. JMP Securities reiterated a "market perform" rating on shares of Duolingo in a report on Friday, February 14th. The Goldman Sachs Group increased their price objective on shares of Duolingo from $340.00 to $403.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Scotiabank increased their price objective on shares of Duolingo from $405.00 to $470.00 and gave the company a "sector outperform" rating in a report on Friday, May 2nd. Finally, Needham & Company LLC increased their price objective on shares of Duolingo from $400.00 to $460.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Duolingo currently has an average rating of "Moderate Buy" and an average price target of $441.29.

Duolingo Price Performance

The company's 50 day moving average is $441.17 and its 200 day moving average is $376.83. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $21.89 billion, a price-to-earnings ratio of 263.11 and a beta of 1.00.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.20. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The firm had revenue of $230.74 million for the quarter, compared to analyst estimates of $223.15 million. Duolingo's revenue for the quarter was up 37.6% on a year-over-year basis. Research analysts anticipate that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Institutional Trading of Duolingo

Institutional investors and hedge funds have recently modified their holdings of the business. Rise Advisors LLC lifted its stake in shares of Duolingo by 43.6% during the first quarter. Rise Advisors LLC now owns 79 shares of the company's stock valued at $25,000 after buying an additional 24 shares during the period. Contravisory Investment Management Inc. purchased a new position in Duolingo during the first quarter worth approximately $25,000. Quarry LP raised its stake in Duolingo by 250.0% during the fourth quarter. Quarry LP now owns 91 shares of the company's stock worth $30,000 after purchasing an additional 65 shares during the period. Summit Securities Group LLC purchased a new position in Duolingo during the first quarter worth approximately $28,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Duolingo during the fourth quarter worth approximately $31,000. Hedge funds and other institutional investors 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.