Duolingo, Inc. (NASDAQ:DUOL) Insider Sells $421,365.00 in Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $280.91, for a total transaction of $421,365.00. Following the sale, the insider now owns 138,260 shares of the company’s stock, valued at approximately $38,838,616.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, September 6th, Natalie Glance sold 1,500 shares of Duolingo stock. The stock was sold at an average price of $207.51, for a total transaction of $311,265.00.
• On Tuesday, August 6th, Natalie Glance sold 1,500 shares of Duolingo stock. The shares were sold at an average price of $161.78, for a total transaction of $242,670.00.

Duolingo Trading Down 0.6 %

NASDAQ DUOL opened at $290.28 on Friday. Duolingo, Inc. has a 52 week low of $140.16 and a 52 week high of $297.56. The firm has a 50 day moving average of $228.73 and a two-hundred day moving average of $209.82. The company has a quick ratio of 3.28, a current ratio of 3.28 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $12.52 billion, a PE ratio of 299.26 and a beta of 0.79.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Wednesday, August 7th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.32 by $0.19. The firm had revenue of $178.30 million for the quarter, compared to analyst estimates of $177.13 million. Duolingo had a return on equity of 9.64% and a net margin of 10.44%. Duolingo’s revenue for the quarter was up 40.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.08 earnings per share. As a group, research analysts expect that Duolingo, Inc. will post 1.87 EPS for the current fiscal year.

Institutional Investors Weigh In On Duolingo

Several hedge funds and other institutional investors have recently made changes to their positions in DUOL. Larson Financial Group LLC acquired a new stake in Duolingo during the second quarter worth approximately $31,000. Blue Trust Inc. acquired a new stake in Duolingo during the 2nd quarter worth $32,000. GAMMA Investing LLC boosted its stake in 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 acquiring an additional 133 shares in the last quarter. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Duolingo during the second quarter worth about $36,000. Finally, Fifth Third Bancorp acquired a new stake in shares of Duolingo during the second quarter worth about $40,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

DUOL has been the subject of several research analyst reports. Barclays lowered their price target on Duolingo from $230.00 to $183.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. JPMorgan Chase & Co. lifted their target price on Duolingo from $255.00 to $303.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Bank of America boosted their price target on shares of Duolingo from $292.00 to $298.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. DA Davidson reissued a “buy” rating and issued a $250.00 price objective on shares of Duolingo in a research note on Tuesday, September 10th. Finally, Needham & Company LLC upped their target price on shares of Duolingo from $245.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Duolingo has a consensus rating of “Moderate Buy” and an average target price of $263.50.

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.