Insider Selling: Duolingo (NASDAQ:DUOL) General Counsel Sells $224,606.97 in Stock

Duolingo, Inc. (NASDAQ:DUOL) General Counsel Stephen Chen sold 1,977 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $113.61, for a total value of $224,606.97. Following the sale, the general counsel directly owned 52,807 shares of the company’s stock, valued at approximately $5,999,403.27. This represents a 3.61% 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 transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Duolingo Stock Performance

NASDAQ:DUOL opened at $105.64 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.62 and a quick ratio of 2.62. The firm has a market cap of $4.92 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 0.81 and a beta of 0.90. The firm’s fifty day moving average price is $101.48 and its 200 day moving average price is $139.35. Duolingo, Inc. has a 1-year low of $87.89 and a 1-year high of $540.30.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.10. Duolingo had a net margin of 38.44% and a return on equity of 14.07%. The company had revenue of $291.97 million during the quarter, compared to the consensus estimate of $288.60 million. During the same quarter in the prior year, the firm earned $0.72 EPS. Duolingo’s quarterly revenue was up 26.5% on a year-over-year basis. On average, sell-side analysts expect that Duolingo, Inc. will post 2.84 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Atlantic Union Bankshares Corp purchased a new stake in shares of Duolingo in the 3rd quarter worth about $32,000. KERR FINANCIAL PLANNING Corp purchased a new position in Duolingo during the 3rd quarter valued at about $47,000. EFG International AG acquired a new position in Duolingo during the fourth quarter worth about $26,000. Cornerstone Planning Group LLC raised its position in Duolingo by 8,900.0% during the third quarter. Cornerstone Planning Group LLC now owns 180 shares of the company’s stock worth $58,000 after acquiring an additional 178 shares during the last quarter. Finally, Globeflex Capital L P purchased a new stake in shares of Duolingo in the second quarter valued at about $77,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Barclays cut their price target on shares of Duolingo from $230.00 to $110.00 and set an “equal weight” rating for the company in a report on Monday, March 2nd. JPMorgan Chase & Co. boosted their target price on Duolingo from $92.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Needham & Company LLC reissued a “buy” rating and set a $145.00 target price on shares of Duolingo in a research note on Tuesday, May 5th. Argus reissued a “hold” rating on shares of Duolingo in a report on Wednesday, March 18th. Finally, Evercore set a $97.00 price target on Duolingo in a research note on Tuesday, May 5th. Three analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $195.94.

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.