Natalie Glance Sells 2,751 Shares of Duolingo (NASDAQ:DUOL) Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Natalie Glance sold 2,751 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $129.13, for a total transaction of $355,236.63. Following the sale, the insider directly owned 170,650 shares of the company’s stock, valued at approximately $22,036,034.50. This trade represents a 1.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 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 Tuesday, August 18th, Natalie Glance sold 1,539 shares of Duolingo stock. The shares were sold at an average price of $137.80, for a total transaction of $212,074.20.

Duolingo Price Performance

DUOL traded up $6.39 during trading on Wednesday, hitting $146.03. 2,261,304 shares of the stock traded hands, compared to its average volume of 2,013,961. Duolingo, Inc. has a twelve month low of $87.89 and a twelve month high of $355.00. The company has a market cap of $6.83 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 1.07 and a beta of 0.87. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.72 and a quick ratio of 2.72. The business has a 50 day moving average price of $129.06 and a 200 day moving average price of $114.21.

Duolingo (NASDAQ:DUOL) last released its earnings results on Wednesday, August 5th. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.06. The firm had revenue of $298.45 million during the quarter, compared to analysts’ expectations of $295.58 million. Duolingo had a return on equity of 12.10% and a net margin of 35.88%.The company’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.91 earnings per share. Equities research analysts forecast that Duolingo, Inc. will post 2.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on DUOL shares. Wedbush started coverage on Duolingo in a research note on Thursday, July 16th. They issued a “neutral” rating and a $139.00 price objective on the stock. Zacks Research raised shares of Duolingo from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Needham & Company LLC restated a “buy” rating and issued a $145.00 price target on shares of Duolingo in a research note on Thursday, August 6th. Wall Street Zen raised shares of Duolingo from a “sell” rating to a “hold” rating in a report on Sunday. Finally, KeyCorp upgraded shares of Duolingo from a “hold” rating to an “overweight” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $130.50.

Key Headlines Impacting Duolingo

Here are the key news stories impacting Duolingo this week:

• Positive Sentiment: D.A. Davidson’s upgrade and higher price target provided the main catalyst, implying further upside from recent trading levels. The analyst sees improving execution and strategic developments supporting Duolingo’s next phase of growth. Duolingo Nears a Turning Point and It’s Why This Analyst Upgraded the Stock to Buy
• Positive Sentiment: Recent momentum is supported by strong user growth, continued product improvements, healthy cash flow and declining artificial-intelligence costs. Duolingo’s shares had already gained 22.1% over three months, indicating that investors are rewarding progress in operating efficiency and engagement. Duolingo Stock Jumps 22.1% in Three Months
• Neutral Sentiment: Market coverage is focused on whether Duolingo can sustain its rally after the analyst upgrade. The company’s strong balance sheet and user expansion support the long-term case, but investors are increasingly focused on evidence that growth can reaccelerate. Can Duolingo Keep Its Momentum Going?
• Negative Sentiment: Risks include slower bookings and user-growth trends, rising costs and a premium valuation. These factors raise the execution bar and could limit additional gains if monetization or growth fails to meet elevated expectations. Should You Buy Duolingo as Growth Slows and Valuation Stays High?

Hedge Funds Weigh In On Duolingo

Institutional investors and hedge funds have recently bought and sold shares of the company. Lingotto Investment Management LLP raised its holdings in Duolingo by 34.3% during the 4th quarter. Lingotto Investment Management LLP now owns 33,563 shares of the company’s stock worth $5,890,000 after purchasing an additional 8,563 shares during the last quarter. Landscape Capital Management L.L.C. bought a new stake in shares of Duolingo in the 4th quarter valued at $3,752,000. Peregrine Capital Management LLC increased its position in shares of Duolingo by 50.3% during the fourth quarter. Peregrine Capital Management LLC now owns 129,515 shares of the company’s stock worth $22,730,000 after buying an additional 43,352 shares during the period. Investment House LLC increased its position in shares of Duolingo by 250.7% during the fourth quarter. Investment House LLC now owns 18,038 shares of the company’s stock worth $3,166,000 after buying an additional 12,894 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in Duolingo by 206.9% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 77,674 shares of the company’s stock worth $13,632,000 after buying an additional 52,364 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

About Duolingo

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.