Duolingo, Inc. (NASDAQ:DUOL) Insider Natalie Glance Sells 1,500 Shares of Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $369.33, for a total value of $553,995.00. Following the transaction, the insider now directly owns 132,239 shares of the company’s stock, valued at $48,839,829.87. The trade was a 1.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, November 6th, Natalie Glance sold 1,500 shares of Duolingo stock. The shares were sold at an average price of $313.36, for a total value of $470,040.00.
• On Monday, October 7th, Natalie Glance sold 1,500 shares of Duolingo stock. The shares were sold at an average price of $280.91, for a total transaction of $421,365.00.

Duolingo Stock Performance

Shares of Duolingo stock opened at $360.61 on Tuesday. The firm’s fifty day simple moving average is $312.35 and its 200-day simple moving average is $241.66. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $378.48. The stock has a market capitalization of $15.86 billion, a price-to-earnings ratio of 197.06 and a beta of 0.85. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.14. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The company had revenue of $192.59 million for the quarter, compared to analyst estimates of $189.19 million. During the same period in the previous year, the business posted $0.06 earnings per share. Duolingo’s quarterly revenue was up 39.9% on a year-over-year basis. As a group, equities analysts forecast that Duolingo, Inc. will post 2.02 earnings per share for the current year.

Analyst Ratings Changes

DUOL has been the topic of a number of analyst reports. Seaport Res Ptn lowered shares of Duolingo from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. The Goldman Sachs Group upped their price objective on Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. raised their target price on Duolingo from $303.00 to $360.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Needham & Company LLC increased their price target on shares of Duolingo from $310.00 to $370.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Bank of America upped their target price on shares of Duolingo from $292.00 to $298.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $340.70.

Institutional Trading of Duolingo

Several institutional investors and hedge funds have recently added to or reduced their stakes in DUOL. GAMMA Investing LLC increased its holdings in shares of Duolingo by 350.0% in the second quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock valued at $36,000 after purchasing an additional 133 shares during the period. SG Americas Securities LLC increased its stake in Duolingo by 109.2% in the 2nd quarter. SG Americas Securities LLC now owns 7,615 shares of the company’s stock valued at $1,589,000 after buying an additional 3,975 shares during the period. Securian Asset Management Inc. acquired a new position in Duolingo in the 2nd quarter valued at $614,000. M&G Plc raised its position in Duolingo by 12.4% during the 2nd quarter. M&G Plc now owns 37,196 shares of the company’s stock worth $7,774,000 after buying an additional 4,098 shares during the last quarter. Finally, Blue Trust Inc. acquired a new stake in shares of Duolingo in the 2nd quarter worth $32,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

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.