Duolingo (NASDAQ:DUOL) Shares Down 3.8% Following Insider Selling

Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) was down 3.8% during trading on Tuesday after an insider sold shares in the company. The stock traded as low as $430.89 and last traded at $431.59. Approximately 459,553 shares changed hands during mid-day trading, a decline of 36% from the average daily volume of 719,061 shares. The stock had previously closed at $448.54.

Specifically, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction on Friday, June 20th. The stock was sold at an average price of $471.20, for a total value of $4,712,000.00. Following the completion of the transaction, the insider now directly owns 72 shares of the company's stock, valued at $33,926.40. The trade was a 99.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Evercore ISI raised their price target on Duolingo from $400.00 to $480.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. UBS Group reissued an "overweight" rating on shares of Duolingo in a report on Thursday, May 22nd. Barclays boosted their target price on shares of Duolingo from $330.00 to $375.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Needham & Company LLC increased their price target on shares of Duolingo from $400.00 to $460.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Duolingo from $500.00 to $580.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $443.53.

Duolingo Stock Performance

The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.68 and a current ratio of 2.68. The business's 50-day moving average is $471.15 and its 200-day moving average is $384.34. The company has a market capitalization of $18.66 billion, a PE ratio of 202.79, a PEG ratio of 3.05 and a beta of 1.00.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.20. Duolingo had a net margin of 11.93% and a return on equity of 11.70%. The company had revenue of $230.74 million during the quarter, compared to the consensus estimate of $223.15 million. The business's revenue for the quarter was up 37.6% compared to the same quarter last year. On average, research analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Institutional Investors Weigh In On Duolingo

Hedge funds have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC grew its holdings in shares of Duolingo by 1,255.6% in the fourth quarter. Global Retirement Partners LLC now owns 122 shares of the company's stock worth $40,000 after acquiring an additional 113 shares during the period. IFP Advisors Inc boosted its position in Duolingo by 125.2% in the fourth quarter. IFP Advisors Inc now owns 259 shares of the company's stock worth $84,000 after purchasing an additional 144 shares during the last quarter. Amalgamated Bank boosted its position in Duolingo by 0.9% in the fourth quarter. Amalgamated Bank now owns 18,516 shares of the company's stock worth $6,003,000 after purchasing an additional 172 shares during the last quarter. New York Life Investment Management LLC bought a new stake in shares of Duolingo during the 4th quarter valued at about $1,278,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of Duolingo during the 4th quarter valued at about $995,000. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Duolingo Company Profile

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.