Duolingo, Inc. (NASDAQ:DUOL) Insider Sells $371,730.00 in Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $247.82, for a total value of $371,730.00. Following the completion of the sale, the insider now owns 123,005 shares in the company, valued at approximately $30,483,099.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Natalie Glance also recently made the following trade(s):

• On Monday, April 8th, Natalie Glance sold 1,500 shares of Duolingo stock. The stock was sold at an average price of $215.35, for a total value of $323,025.00.
• On Wednesday, March 6th, Natalie Glance sold 1,500 shares of Duolingo stock. The stock was sold at an average price of $215.07, for a total value of $322,605.00.

Duolingo Price Performance

Shares of DUOL stock traded up $0.64 during trading hours on Tuesday, reaching $248.84. The company’s stock had a trading volume of 780,638 shares, compared to its average volume of 727,662. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 0.03. Duolingo, Inc. has a fifty-two week low of $121.89 and a fifty-two week high of $251.30. The company has a market capitalization of $10.67 billion, a price-to-earnings ratio of 731.90 and a beta of 0.82. The firm’s 50 day simple moving average is $219.15 and its 200-day simple moving average is $206.23.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.05. Duolingo had a return on equity of 2.64% and a net margin of 3.03%. The company had revenue of $150.99 million for the quarter, compared to the consensus estimate of $146.98 million. Sell-side analysts forecast that Duolingo, Inc. will post 1.38 earnings per share for the current year.

Institutional Investors Weigh In On Duolingo

Several hedge funds have recently modified their holdings of DUOL. CHURCHILL MANAGEMENT Corp acquired a new position in Duolingo during the 4th quarter worth about $1,411,000. Raymond James & Associates bought a new position in shares of Duolingo in the 4th quarter worth about $4,211,000. Cerity Partners LLC raised its position in shares of Duolingo by 2,767.0% in the 4th quarter. Cerity Partners LLC now owns 46,789 shares of the company’s stock worth $10,614,000 after acquiring an additional 45,157 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Duolingo by 147.6% in the 3rd quarter. Wellington Management Group LLP now owns 602,200 shares of the company’s stock worth $99,887,000 after acquiring an additional 358,938 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of Duolingo in the 4th quarter worth about $4,374,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DUOL. The Goldman Sachs Group increased their target price on Duolingo from $160.00 to $190.00 and gave the stock a “sell” rating in a research note on Thursday, February 29th. Needham & Company LLC raised their price objective on Duolingo from $210.00 to $241.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Piper Sandler raised their price objective on Duolingo from $217.00 to $282.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. Bank of America raised their price objective on Duolingo from $230.00 to $260.00 and gave the stock a “neutral” rating in a research note on Thursday, February 29th. Finally, Barclays raised their price objective on Duolingo from $173.00 to $243.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $245.13.

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.