Insider Selling: Duolingo (NASDAQ:DUOL) General Counsel Sells $132,229.12 in Stock

Duolingo, Inc. (NASDAQ:DUOL) General Counsel Stephen Chen sold 1,024 shares of Duolingo stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $129.13, for a total value of $132,229.12. Following the completion of the transaction, the general counsel directly owned 51,841 shares in the company, valued at approximately $6,694,228.33. This represents a 1.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Duolingo Stock Down 0.6%

DUOL opened at $146.13 on Friday. Duolingo, Inc. has a 1-year low of $87.89 and a 1-year high of $355.00. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $6.84 billion, a price-to-earnings ratio of 17.31, a P/E/G ratio of 1.20 and a beta of 0.87. The business has a 50 day moving average of $130.48 and a 200-day moving average of $114.57.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.06. Duolingo had a net margin of 35.88% and a return on equity of 12.10%. The business had revenue of $298.45 million for the quarter, compared to the consensus estimate of $295.58 million. During the same quarter last year, the company posted $0.91 earnings per share. Duolingo’s quarterly revenue was up 18.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Duolingo, Inc. will post 2.64 earnings per share for the current year.

Institutional Investors Weigh In On Duolingo

Several institutional investors and hedge funds have recently bought and sold shares of DUOL. Nykredit A S acquired a new position in shares of Duolingo in the 2nd quarter valued at $218,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Duolingo during the 2nd quarter valued at about $1,262,000. Generali Investments Management Co LLC acquired a new stake in shares of Duolingo during the 2nd quarter valued at about $565,000. Everhart Financial Group Inc. bought a new stake in Duolingo in the second quarter valued at about $313,000. Finally, FNY Investment Advisers LLC bought a new stake in Duolingo in the second quarter valued at about $34,000. Institutional investors own 91.59% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on DUOL. DA Davidson upgraded shares of Duolingo from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $130.00 to $160.00 in a report on Tuesday. Weiss Ratings upgraded shares of Duolingo from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 18th. Barclays lifted their target price on Duolingo from $110.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 6th. Wells Fargo & Company assumed coverage on Duolingo in a research note on Tuesday. They set an “overweight” rating on the stock. Finally, Citigroup upgraded Duolingo from a “hold” rating to a “buy” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Duolingo currently has an average rating of “Hold” and an average price target of $131.19.

Duolingo Company Profile

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.