Robert Meese Sells 1,444 Shares of Duolingo, Inc. (NASDAQ:DUOL) Stock

Key Points

• Insider Robert Meese sold 1,444 shares of Duolingo stock at an average price of $329.03, decreasing his position by 1.19% while still retaining 120,080 shares valued at approximately $39.5 million.
• Duolingo's stock experienced a significant rise of 12.9% recently, closing at $369.19, with an impressive trading volume of over 3 million shares.
• The company reported earnings of $0.91 per share for its most recent quarter, exceeding analyst expectations of $0.55, alongside a revenue increase of 41.5% year-over-year.

Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) insider Robert Meese sold 1,444 shares of the business's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $329.03, for a total value of $475,119.32. Following the transaction, the insider owned 120,080 shares of the company's stock, valued at $39,509,922.40. This trade represents a 1.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Duolingo Stock Up 12.9%

Shares of NASDAQ DUOL traded up $42.26 during mid-day trading on Monday, reaching $369.19. 3,132,179 shares of the company traded hands, compared to its average volume of 1,888,697. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.81 and a current ratio of 2.81. The stock has a market cap of $16.92 billion, a PE ratio of 134.54, a price-to-earnings-growth ratio of 2.18 and a beta of 0.87. The company's fifty day moving average is $391.96 and its two-hundred day moving average is $392.16. Duolingo, Inc. has a fifty-two week low of $201.02 and a fifty-two week high of $544.93.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.36. The business had revenue of $252.27 million for the quarter, compared to analyst estimates of $240.84 million. Duolingo had a return on equity of 13.32% and a net margin of 13.24%. The firm's revenue for the quarter was up 41.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 EPS. On average, analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Institutional Trading of Duolingo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Duolingo by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,647,951 shares of the company's stock valued at $1,495,733,000 after buying an additional 116,135 shares during the last quarter. Invesco Ltd. grew its holdings in Duolingo by 24.1% in the 1st quarter. Invesco Ltd. now owns 1,346,278 shares of the company's stock valued at $418,073,000 after buying an additional 261,212 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Duolingo by 0.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,339,780 shares of the company's stock valued at $434,398,000 after buying an additional 10,638 shares during the last quarter. State Street Corp grew its holdings in Duolingo by 0.5% in the 2nd quarter. State Street Corp now owns 1,164,387 shares of the company's stock valued at $477,422,000 after buying an additional 6,109 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its holdings in Duolingo by 110.5% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 990,903 shares of the company's stock valued at $307,716,000 after buying an additional 520,069 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

Analysts Set New Price Targets

DUOL has been the subject of a number of analyst reports. The Goldman Sachs Group boosted their price target on Duolingo from $340.00 to $403.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Scotiabank boosted their price target on Duolingo from $405.00 to $470.00 and gave the stock a "sector outperform" rating in a research report on Friday, May 2nd. Evercore ISI upped their price objective on Duolingo from $400.00 to $480.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Barclays upped their price objective on Duolingo from $375.00 to $390.00 and gave the company an "equal weight" rating in a report on Thursday, August 7th. Finally, Citizens Jmp cut their price objective on Duolingo from $475.00 to $450.00 and set a "mkt outperform" rating for the company in a report on Monday, July 28th. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Duolingo currently has a consensus rating of "Moderate Buy" and an average target price of $451.35.

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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