Robert Meese Sells 4,600 Shares of Duolingo, Inc. (NYSE:DUOL) Stock

Duolingo, Inc. (NYSE:DUOL – Get Rating) insider Robert Meese sold 4,600 shares of the business’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $150.07, for a total transaction of $690,322.00. Following the sale, the insider now directly owns 205,188 shares of the company’s stock, valued at $30,792,563.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, May 15th, Robert Meese sold 763 shares of Duolingo stock. The shares were sold at an average price of $140.83, for a total transaction of $107,453.29.
• On Thursday, May 11th, Robert Meese sold 400 shares of Duolingo stock. The shares were sold at an average price of $150.00, for a total transaction of $60,000.00.
• On Friday, March 31st, Robert Meese sold 5,000 shares of Duolingo stock. The shares were sold at an average price of $140.25, for a total transaction of $701,250.00.
• On Tuesday, March 7th, Robert Meese sold 5,000 shares of Duolingo stock. The shares were sold at an average price of $130.11, for a total transaction of $650,550.00.

Duolingo Stock Performance

DUOL stock opened at $155.79 on Tuesday. The firm has a market cap of $6.40 billion, a price-to-earnings ratio of -124.63 and a beta of 0.41. The firm has a 50-day simple moving average of $136.55 and a two-hundred day simple moving average of $102.14. Duolingo, Inc. has a one year low of $64.73 and a one year high of $156.11. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.65 and a current ratio of 3.65.

Duolingo (NYSE:DUOL – Get Rating) last released its quarterly earnings results on Tuesday, May 9th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.18. The business had revenue of $115.66 million during the quarter, compared to analyst estimates of $112.86 million. Duolingo had a negative net margin of 12.38% and a negative return on equity of 9.22%. The company’s quarterly revenue was up 42.4% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.31) earnings per share. On average, equities analysts forecast that Duolingo, Inc. will post -0.53 EPS for the current fiscal year.

Hedge Funds Weigh In On Duolingo

Several hedge funds have recently modified their holdings of DUOL. Durable Capital Partners LP increased its holdings in shares of Duolingo by 59.8% during the first quarter. Durable Capital Partners LP now owns 3,248,046 shares of the company’s stock valued at $308,922,000 after acquiring an additional 1,215,144 shares in the last quarter. Baillie Gifford & Co. increased its holdings in shares of Duolingo by 37.3% during the first quarter. Baillie Gifford & Co. now owns 4,467,624 shares of the company’s stock valued at $637,039,000 after acquiring an additional 1,214,871 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Duolingo by 605.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,126,165 shares of the company’s stock valued at $98,596,000 after acquiring an additional 966,604 shares in the last quarter. Alphabet Inc. acquired a new position in shares of Duolingo during the third quarter valued at about $67,084,000. Finally, Vanguard Group Inc. increased its holdings in shares of Duolingo by 24.8% during the third quarter. Vanguard Group Inc. now owns 2,357,551 shares of the company’s stock valued at $224,510,000 after acquiring an additional 468,057 shares in the last quarter. Institutional investors and hedge funds own 63.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DUOL. Needham & Company LLC boosted their target price on shares of Duolingo from $115.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, May 10th. Bank of America upped their price objective on shares of Duolingo from $105.00 to $160.00 in a research note on Thursday, April 6th. The Goldman Sachs Group upped their price objective on shares of Duolingo from $92.00 to $109.00 and gave the stock a “neutral” rating in a research note on Thursday, March 2nd. JMP Securities upped their price objective on shares of Duolingo from $128.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, April 14th. Finally, Raymond James upped their price objective on shares of Duolingo from $109.00 to $117.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 1st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $142.38.

About Duolingo

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Duolingo, Inc develops a language-learning website and mobile app in the United States and China. The company offers courses in 40 different languages, including Spanish, English, French, Japanese, German, Italian, Chinese, Portuguese, and others. It also provides a digital language proficiency assessment exam.