Duolingo, Inc. (NASDAQ:DUOL) Insider Natalie Glance Sells 3,482 Shares

Duolingo, Inc. (NASDAQ:DUOL) insider Natalie Glance sold 3,482 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $319.59, for a total transaction of $1,112,812.38. Following the completion of the sale, the insider now directly owns 127,251 shares of the company’s stock, valued at approximately $40,668,147.09. This trade represents a 2.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, March 5th, Natalie Glance sold 9,020 shares of Duolingo stock. The stock was sold at an average price of $290.59, for a total value of $2,621,121.80.
• On Tuesday, February 18th, Natalie Glance sold 2,667 shares of Duolingo stock. The stock was sold at an average price of $435.28, for a total value of $1,160,891.76.

Duolingo Stock Performance

Shares of DUOL stock opened at $337.56 on Thursday. The firm has a market cap of $15.27 billion, a price-to-earnings ratio of 184.46 and a beta of 0.92. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $441.77. The stock’s 50-day moving average is $346.76 and its two-hundred day moving average is $325.86. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09.

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

Hedge Funds Weigh In On Duolingo

Several institutional investors have recently added to or reduced their stakes in the stock. FMR LLC lifted its position in Duolingo by 39.9% during the 4th quarter. FMR LLC now owns 3,726,561 shares of the company’s stock worth $1,208,263,000 after acquiring an additional 1,063,327 shares during the period. Vanguard Group Inc. grew its position in Duolingo by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 3,542,194 shares of the company’s stock valued at $1,148,486,000 after buying an additional 70,705 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Duolingo by 0.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,339,780 shares of the company’s stock valued at $434,398,000 after buying an additional 10,638 shares during the last quarter. Invesco Ltd. increased its stake in Duolingo by 53.5% in the 4th quarter. Invesco Ltd. now owns 1,085,066 shares of the company’s stock valued at $351,811,000 after buying an additional 378,225 shares during the period. Finally, State Street Corp raised its position in Duolingo by 3.6% during the 3rd quarter. State Street Corp now owns 1,076,273 shares of the company’s stock worth $303,530,000 after buying an additional 36,923 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on DUOL shares. The Goldman Sachs Group lifted their price target on shares of Duolingo from $275.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd. Piper Sandler increased their price target on shares of Duolingo from $351.00 to $390.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Needham & Company LLC boosted their price target on shares of Duolingo from $385.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Bank of America cut Duolingo from a “buy” rating to a “neutral” rating and increased their price objective for the company from $355.00 to $375.00 in a research note on Wednesday, December 11th. Finally, UBS Group set a $400.00 target price on Duolingo in a research note on Tuesday, March 18th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $377.08.

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.