Duolingo, Inc. (NASDAQ:DUOL) Insider Natalie Glance Sells 2,667 Shares of Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Natalie Glance sold 2,667 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $435.28, for a total value of $1,160,891.76. Following the sale, the insider now directly owns 129,572 shares in the company, valued at $56,400,100.16. This trade represents a 2.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, December 6th, Natalie Glance sold 1,500 shares of Duolingo stock. The stock was sold at an average price of $369.33, for a total value of $553,995.00.

Duolingo Trading Down 2.0 %

Shares of DUOL opened at $432.52 on Thursday. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $441.77. The company has a market capitalization of $19.03 billion, a PE ratio of 236.35 and a beta of 0.89. The stock has a fifty day moving average of $354.37 and a two-hundred day moving average of $300.95. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09.

Analyst Ratings Changes

A number of research analysts have recently weighed in on DUOL shares. Jefferies Financial Group began coverage on Duolingo in a research report on Friday, January 24th. They issued a “hold” rating and a $370.00 price target for the company. DA Davidson raised their target price on shares of Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Needham & Company LLC upped their price target on shares of Duolingo from $370.00 to $385.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Scotiabank assumed coverage on shares of Duolingo in a research report on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 price target on the stock. Finally, JMP Securities restated a “market perform” rating on shares of Duolingo in a research report on Friday, February 14th. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $355.55.

Hedge Funds Weigh In On Duolingo

Several institutional investors have recently added to or reduced their stakes in DUOL. Catalyst Capital Advisors LLC purchased a new stake in Duolingo in the 4th quarter valued at about $1,994,000. Lecap Asset Management Ltd. acquired a new stake in shares of Duolingo in the fourth quarter worth approximately $429,000. Charles Schwab Investment Management Inc. grew its holdings in Duolingo by 42.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company’s stock valued at $96,530,000 after purchasing an additional 101,653 shares during the period. Lisanti Capital Growth LLC increased its position in Duolingo by 17.8% during the third quarter. Lisanti Capital Growth LLC now owns 11,645 shares of the company’s stock worth $3,284,000 after purchasing an additional 1,760 shares during the last quarter. Finally, Rockefeller Capital Management L.P. purchased a new position in Duolingo during the third quarter worth approximately $4,350,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Duolingo Company Profile

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.