Robert Meese Sells 5,000 Shares of Duolingo, Inc. (NASDAQ:DUOL) Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Robert Meese sold 5,000 shares of the business’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $285.04, for a total transaction of $1,425,200.00. Following the completion of the sale, the insider now directly owns 142,053 shares of the company’s stock, valued at $40,490,787.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Robert Meese also recently made the following trade(s):

• On Friday, September 20th, Robert Meese sold 5,000 shares of Duolingo stock. The shares were sold at an average price of $270.00, for a total value of $1,350,000.00.
• On Tuesday, September 17th, Robert Meese sold 4,819 shares of Duolingo stock. The stock was sold at an average price of $240.02, for a total transaction of $1,156,656.38.

Duolingo Trading Up 0.0 %

NASDAQ:DUOL opened at $278.03 on Friday. The company has a market capitalization of $11.99 billion, a P/E ratio of 286.63 and a beta of 0.76. The company has a current ratio of 3.28, a quick ratio of 3.28 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a 12 month low of $140.16 and a 12 month high of $297.56. The firm has a fifty day simple moving average of $208.21 and a 200-day simple moving average of $206.23.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.19. The company had revenue of $178.30 million for the quarter, compared to the consensus estimate of $177.13 million. Duolingo had a net margin of 10.44% and a return on equity of 9.64%. Duolingo’s quarterly revenue was up 40.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.08 EPS. On average, equities research analysts anticipate that Duolingo, Inc. will post 1.87 earnings per share for the current year.

Institutional Trading of Duolingo

Hedge funds have recently modified their holdings of the stock. Dragoneer Investment Group LLC acquired a new position in shares of Duolingo in the 2nd quarter valued at $204,768,000. Whale Rock Capital Management LLC increased its stake in Duolingo by 23.9% during the 1st quarter. Whale Rock Capital Management LLC now owns 1,275,189 shares of the company’s stock worth $281,281,000 after buying an additional 245,599 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Duolingo by 153.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 395,123 shares of the company’s stock valued at $82,450,000 after purchasing an additional 238,990 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Duolingo by 73.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 364,755 shares of the company’s stock worth $80,459,000 after acquiring an additional 154,659 shares during the last quarter. Finally, Clearbridge Investments LLC acquired a new stake in shares of Duolingo in the first quarter valued at approximately $28,555,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on DUOL. Barclays reduced their price target on shares of Duolingo from $230.00 to $183.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. JMP Securities upped their target price on Duolingo from $260.00 to $275.00 and gave the stock a “market outperform” rating in a report on Wednesday. JPMorgan Chase & Co. increased their target price on Duolingo from $255.00 to $303.00 and gave the company an “overweight” rating in a research report on Wednesday. DA Davidson reissued a “buy” rating and issued a $250.00 price target on shares of Duolingo in a research report on Tuesday, September 10th. Finally, Needham & Company LLC raised their price objective on Duolingo from $245.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Duolingo has a consensus rating of “Moderate Buy” and an average target price of $255.50.

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.