Duolingo, Inc. (NASDAQ:DUOL) Insider Sells $2,621,121.80 in Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Natalie Glance sold 9,020 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $290.59, for a total transaction of $2,621,121.80. Following the completion of the transaction, the insider now directly owns 130,733 shares of the company’s stock, valued at approximately $37,989,702.47. The trade was a 6.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, February 18th, Natalie Glance sold 2,667 shares of Duolingo stock. The shares were sold at an average price of $435.28, for a total transaction of $1,160,891.76.
• On Friday, December 6th, Natalie Glance sold 1,500 shares of Duolingo stock. The shares were sold at an average price of $369.33, for a total transaction of $553,995.00.

Duolingo Price Performance

NASDAQ DUOL opened at $272.77 on Friday. The firm’s fifty day simple moving average is $355.60 and its two-hundred day simple moving average is $312.65. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $441.77. The firm has a market capitalization of $12.00 billion, a P/E ratio of 149.06 and a beta of 0.92.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.19). Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm had revenue of $209.55 million during the quarter, compared to analysts’ expectations of $205.49 million. Analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. DA Davidson raised their price objective on shares of Duolingo from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. The Goldman Sachs Group raised their price objective on shares of Duolingo from $275.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday. Scotiabank assumed coverage on shares of Duolingo in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 price objective for the company. Bank of America downgraded shares of Duolingo from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $355.00 to $375.00 in a research note on Wednesday, December 11th. Finally, Seaport Res Ptn downgraded shares of Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $375.00.

Institutional Investors Weigh In On Duolingo

Large investors have recently made changes to their positions in the stock. True Wealth Design LLC purchased a new stake in shares of Duolingo during the third quarter valued at $26,000. First Horizon Advisors Inc. purchased a new stake in shares of Duolingo during the third quarter valued at $29,000. Quarry LP grew its holdings in shares of Duolingo by 250.0% during the fourth quarter. Quarry LP now owns 91 shares of the company’s stock valued at $30,000 after buying an additional 65 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Duolingo during the fourth quarter valued at $31,000. Finally, Harvest Fund Management Co. Ltd lifted its position in Duolingo by 5,050.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock valued at $33,000 after purchasing an additional 101 shares during the period. 91.59% of the stock is owned by hedge funds and other institutional investors.

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.