Duolingo (NASDAQ:DUOL) Stock Price Down 3.8% on Insider Selling

Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) shares fell 3.8% on Tuesday following insider selling activity. The company traded as low as $430.89 and last traded at $431.59. 459,553 shares were traded during mid-day trading, a decline of 36% from the average session volume of 719,061 shares. The stock had previously closed at $448.54.

Specifically, insider Severin Hacker sold 10,000 shares of the firm's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $471.20, for a total value of $4,712,000.00. Following the completion of the sale, the insider now owns 72 shares of the company's stock, valued at $33,926.40. This trade represents a 99.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Analyst Ratings Changes

DUOL has been the subject of several research reports. Needham & Company LLC boosted their price target on shares of Duolingo from $400.00 to $460.00 and gave the company a "buy" rating in a report on Friday, May 2nd. UBS Group reissued an "overweight" rating on shares of Duolingo in a research note on Thursday, May 22nd. JPMorgan Chase & Co. increased their target price on Duolingo from $500.00 to $580.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. DA Davidson boosted their price target on Duolingo from $470.00 to $600.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Finally, Evercore ISI upped their price objective on Duolingo from $400.00 to $480.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $441.29.

Duolingo Trading Down 3.7%

The stock has a 50-day moving average of $466.33 and a 200 day moving average of $383.71. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.06. The stock has a market cap of $19.64 billion, a PE ratio of 213.17, a price-to-earnings-growth ratio of 3.61 and a beta of 1.00.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $230.74 million during the quarter, compared to analysts' expectations of $223.15 million. The business's revenue for the quarter was up 37.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Institutional Trading of Duolingo

Several hedge funds and other institutional investors have recently bought and sold shares of DUOL. Contravisory Investment Management Inc. acquired a new position in shares of Duolingo in the 1st quarter valued at $25,000. Rise Advisors LLC boosted its stake in shares of Duolingo by 43.6% during the 1st quarter. Rise Advisors LLC now owns 79 shares of the company's stock worth $25,000 after acquiring an additional 24 shares in the last quarter. Summit Securities Group LLC purchased a new stake in shares of Duolingo during the 1st quarter worth about $28,000. Quarry LP grew its position in shares of Duolingo by 250.0% during the 4th quarter. Quarry LP now owns 91 shares of the company's stock valued at $30,000 after acquiring an additional 65 shares during the period. Finally, Brooklyn Investment Group increased its stake in shares of Duolingo by 4,750.0% in the 1st quarter. Brooklyn Investment Group now owns 97 shares of the company's stock valued at $30,000 after purchasing an additional 95 shares in 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.

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