Natalie Glance Sells 3,360 Shares of Duolingo (NASDAQ:DUOL) Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Natalie Glance sold 3,360 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $113.59, for a total transaction of $381,662.40. Following the completion of the sale, the insider directly owned 173,401 shares in the company, valued at $19,696,619.59. This trade represents a 1.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Friday, May 15th, Natalie Glance sold 1,929 shares of Duolingo stock. The shares were sold at an average price of $112.16, for a total transaction of $216,356.64.
• On Wednesday, February 18th, Natalie Glance sold 3,545 shares of Duolingo stock. The shares were sold at an average price of $113.51, for a total transaction of $402,392.95.

Duolingo Stock Down 6.4%

Shares of NASDAQ DUOL opened at $106.82 on Thursday. Duolingo, Inc. has a 12-month low of $87.89 and a 12-month high of $540.30. The company has a market capitalization of $4.98 billion, a PE ratio of 12.29, a price-to-earnings-growth ratio of 0.86 and a beta of 0.90. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.62 and a quick ratio of 2.62. The firm’s 50-day moving average is $101.27 and its two-hundred day moving average is $140.51.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.10. Duolingo had a net margin of 38.44% and a return on equity of 14.07%. The company had revenue of $291.97 million for the quarter, compared to the consensus estimate of $288.60 million. During the same quarter in the prior year, the firm earned $0.72 earnings per share. The company’s revenue for the quarter was up 26.5% compared to the same quarter last year. Equities analysts anticipate that Duolingo, Inc. will post 2.84 EPS for the current fiscal year.

Duolingo News Roundup

Here are the key news stories impacting Duolingo this week:

• Neutral Sentiment: Duolingo’s General Counsel Stephen Chen, along with other insiders including Robert Meese and Natalie Glance, sold shares in recent transactions. The company said these sales were made under pre-arranged 10b5-1 plans and to cover tax withholding obligations tied to equity awards, which makes them less concerning than discretionary selling, but they can still weigh on investor sentiment. Article Title
• Neutral Sentiment: Duolingo reported solid first-quarter results earlier this month, beating earnings and revenue estimates and posting 26.5% year-over-year revenue growth. That supports the long-term story, but it may not be enough to offset recent concerns about valuation and the stock’s sharp pullback from its highs.
• Neutral Sentiment: Duolingo is also selling its East Liberty headquarters and consolidating operations in a nearby tower, suggesting a real estate and office footprint shift rather than a fundamental business issue. Investors may view this as cost management, but it is not a major growth catalyst. Article Title

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DUOL. Weiss Ratings downgraded shares of Duolingo from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, April 22nd. Needham & Company LLC reissued a “buy” rating and set a $145.00 price objective on shares of Duolingo in a research note on Tuesday, May 5th. Scotiabank reissued a “sector perform” rating and set a $100.00 price objective (down from $300.00) on shares of Duolingo in a research note on Friday, February 27th. Zacks Research raised shares of Duolingo from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Duolingo from $92.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Three analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Duolingo presently has a consensus rating of “Hold” and an average target price of $195.94.

Hedge Funds Weigh In On Duolingo

Large investors have recently bought and sold shares of the stock. Atlantic Union Bankshares Corp purchased a new position in Duolingo during the third quarter worth approximately $32,000. KERR FINANCIAL PLANNING Corp purchased a new position in Duolingo during the third quarter worth approximately $47,000. EFG International AG purchased a new position in Duolingo during the fourth quarter worth approximately $26,000. Cornerstone Planning Group LLC raised its stake in Duolingo by 8,900.0% during the third quarter. Cornerstone Planning Group LLC now owns 180 shares of the company’s stock worth $58,000 after purchasing an additional 178 shares during the period. Finally, Globeflex Capital L P purchased a new position in Duolingo during the second quarter worth approximately $77,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Duolingo Company Profile

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.