Duolingo (NASDAQ:DUOL) Shares Down 3.8% Following Insider Selling

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

Specifically, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction that occurred on 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 transaction, the insider now owns 72 shares of the company’s stock, valued at $33,926.40. The trade was a 99.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Analyst Ratings Changes

DUOL has been the topic of several recent research reports. Needham & Company LLC lifted their price objective on shares of Duolingo from $400.00 to $460.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. The Goldman Sachs Group lifted their price objective on shares of Duolingo from $340.00 to $403.00 and gave the stock a “neutral” rating in a research note on Monday, May 5th. Barclays lifted their price objective on shares of Duolingo from $330.00 to $375.00 and gave the stock an “equal weight” rating in a research note on Friday, May 2nd. DA Davidson lowered their price objective on shares of Duolingo from $600.00 to $500.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Scotiabank lifted their price objective on shares of Duolingo from $405.00 to $470.00 and gave the stock a “sector outperform” rating in a research note on Friday, May 2nd. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Duolingo has a consensus rating of “Moderate Buy” and a consensus price target of $443.53.

Duolingo Stock Performance

The firm’s 50-day moving average price is $469.71 and its two-hundred day moving average price is $384.08. The firm has a market capitalization of $18.07 billion, a PE ratio of 195.90, a P/E/G ratio of 3.24 and a beta of 1.00. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.06.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.20. The firm had revenue of $230.74 million for the quarter, compared to analyst estimates of $223.15 million. Duolingo had a net margin of 11.93% and a return on equity of 11.70%. The company’s quarterly revenue was up 37.6% on a year-over-year basis. As a group, research analysts predict that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Duolingo

A number of hedge funds have recently modified their holdings of DUOL. FMR LLC grew its stake in Duolingo by 39.9% in the fourth quarter. FMR LLC now owns 3,726,561 shares of the company’s stock valued at $1,208,263,000 after purchasing an additional 1,063,327 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Duolingo by 110.5% during 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. Norges Bank bought a new stake in shares of Duolingo in the 4th quarter valued at approximately $152,296,000. Invesco Ltd. increased its holdings in Duolingo by 53.5% in the fourth quarter. Invesco Ltd. now owns 1,085,066 shares of the company’s stock worth $351,811,000 after buying an additional 378,225 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Duolingo by 41,959.1% during the first quarter. GAMMA Investing LLC now owns 239,737 shares of the company’s stock valued at $74,448,000 after acquiring an additional 239,167 shares in the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

Duolingo Company Profile

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.