Duolingo (NASDAQ:DUOL) Insider Natalie Glance Sells 1,929 Shares

Duolingo, Inc. (NASDAQ:DUOL) insider Natalie Glance sold 1,929 shares of Duolingo stock in a transaction on Friday, May 15th. The stock was sold at an average price of $112.16, for a total value of $216,356.64. Following the sale, the insider directly owned 176,761 shares of the company’s stock, valued at $19,825,513.76. This represents a 1.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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.

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

• On Monday, May 18th, Natalie Glance sold 3,360 shares of Duolingo stock. The stock was sold at an average price of $113.59, for a total value of $381,662.40.
• On Wednesday, February 18th, Natalie Glance sold 3,545 shares of Duolingo stock. The stock was sold at an average price of $113.51, for a total value of $402,392.95.

Duolingo Stock Up 0.8%

DUOL stock opened at $114.10 on Wednesday. The company has a market cap of $5.32 billion, a PE ratio of 13.13, a price-to-earnings-growth ratio of 0.86 and a beta of 0.90. The business has a 50-day simple moving average of $101.15 and a 200 day simple moving average of $141.61. Duolingo, Inc. has a 52 week low of $87.89 and a 52 week high of $540.30. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10. The business had revenue of $291.97 million during the quarter, compared to the consensus estimate of $288.60 million. Duolingo had a return on equity of 14.07% and a net margin of 38.44%.Duolingo’s revenue for the quarter was up 26.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.72 earnings per share. Sell-side analysts anticipate that Duolingo, Inc. will post 2.84 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on DUOL shares. JPMorgan Chase & Co. boosted their price target on Duolingo from $92.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Morgan Stanley dropped their price target on Duolingo from $100.00 to $95.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 5th. Evercore set a $97.00 price target on Duolingo in a research note on Tuesday, May 5th. Truist Financial downgraded Duolingo from a “buy” rating to a “hold” rating and set a $100.00 price target for the company. in a research note on Friday, February 27th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $101.00 price target (down from $270.00) on shares of Duolingo in a research note on Friday, February 27th. Three investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Duolingo has a consensus rating of “Hold” and an average target price of $195.94.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DUOL. Root Financial Partners LLC grew its position in Duolingo by 194.1% in the first quarter. Root Financial Partners LLC now owns 250 shares of the company’s stock valued at $25,000 after acquiring an additional 165 shares during the last quarter. EFG International AG bought a new position in Duolingo in the fourth quarter valued at about $26,000. Atlantic Union Bankshares Corp bought a new position in Duolingo in the third quarter valued at about $32,000. AlphaCentric Advisors LLC bought a new position in Duolingo in the fourth quarter valued at about $33,000. Finally, Banque Cantonale Vaudoise grew its position in Duolingo by 51.1% in the first quarter. Banque Cantonale Vaudoise now owns 340 shares of the company’s stock valued at $34,000 after acquiring an additional 115 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

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.