Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) insider Robert Meese sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $110.06, for a total transaction of $110,060.00. Following the completion of the transaction, the insider owned 122,636 shares in the company, valued at approximately $13,497,318.16. This trade represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Duolingo Price Performance
DUOL stock opened at $111.11 on Friday. The firm has a 50 day simple moving average of $153.74 and a two-hundred day simple moving average of $234.80. The stock has a market cap of $5.14 billion, a PE ratio of 14.08, a P/E/G ratio of 0.60 and a beta of 0.86. Duolingo, Inc. has a one year low of $107.16 and a one year high of $544.93. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.82 and a quick ratio of 2.82.
Institutional Trading of Duolingo
Several large investors have recently bought and sold shares of the company. NewEdge Advisors LLC lifted its position in Duolingo by 1,868.2% during the first quarter. NewEdge Advisors LLC now owns 433 shares of the company's stock valued at $134,000 after buying an additional 411 shares during the period. Goldman Sachs Group Inc. lifted its position in Duolingo by 123.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 87,556 shares of the company's stock valued at $27,190,000 after acquiring an additional 48,451 shares during the period. Focus Partners Wealth boosted its stake in Duolingo by 28.3% during the first quarter. Focus Partners Wealth now owns 2,021 shares of the company's stock worth $628,000 after acquiring an additional 446 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Duolingo in the second quarter worth about $230,000. Finally, Allianz Asset Management GmbH grew its holdings in Duolingo by 123.5% in the second quarter. Allianz Asset Management GmbH now owns 18,251 shares of the company's stock worth $7,483,000 after purchasing an additional 10,085 shares during the period. 91.59% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the company. Barclays cut their price objective on Duolingo from $390.00 to $230.00 and set an "equal weight" rating for the company in a report on Thursday, November 6th. DA Davidson reduced their target price on shares of Duolingo from $205.00 to $170.00 and set a "neutral" rating on the stock in a report on Tuesday, January 27th. UBS Group set a $245.00 target price on shares of Duolingo in a research report on Monday, January 5th. Citigroup restated a "market perform" rating on shares of Duolingo in a research report on Monday, January 12th. Finally, JPMorgan Chase & Co. decreased their price objective on Duolingo from $300.00 to $200.00 and set an "overweight" rating on the stock in a report on Tuesday, January 20th. Eleven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $292.37.
Read Our Latest Report on Duolingo
Duolingo Company Profile
(
Get Free Report)
Duolingo, Inc NASDAQ: DUOL is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company's core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.
In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.
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