Natalie Glance Sells 1,500 Shares of Duolingo, Inc. (NASDAQ:DUOL) Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Natalie Glance sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $313.36, for a total transaction of $470,040.00. Following the transaction, the insider now directly owns 136,760 shares in the company, valued at approximately $42,855,113.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Monday, October 7th, Natalie Glance sold 1,500 shares of Duolingo stock. The stock was sold at an average price of $280.91, for a total value of $421,365.00.
• On Friday, September 6th, Natalie Glance sold 1,500 shares of Duolingo stock. The shares were sold at an average price of $207.51, for a total value of $311,265.00.

Duolingo Trading Down 1.0 %

Shares of NASDAQ:DUOL traded down $3.03 during midday trading on Thursday, reaching $315.82. The company’s stock had a trading volume of 1,225,844 shares, compared to its average volume of 702,397. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $324.00. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.28 and a current ratio of 3.28. The firm has a 50 day moving average price of $266.39 and a two-hundred day moving average price of $220.10. The firm has a market capitalization of $13.75 billion, a price-to-earnings ratio of 224.80 and a beta of 0.79.

Duolingo (NASDAQ:DUOL) last issued its earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.13. The business had revenue of $192.59 million during the quarter, compared to the consensus estimate of $189.19 million. Duolingo had a return on equity of 9.64% and a net margin of 10.44%. The firm’s revenue for the quarter was up 39.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.06 earnings per share. As a group, analysts forecast that Duolingo, Inc. will post 1.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Needham & Company LLC raised their target price on Duolingo from $310.00 to $370.00 and gave the company a “buy” rating in a report on Thursday. The Goldman Sachs Group upped their price objective on Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a research report on Thursday. DA Davidson lifted their target price on Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Thursday. Piper Sandler increased their target price on shares of Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Barclays raised their price target on shares of Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $325.44.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of DUOL. Dragoneer Investment Group LLC bought a new stake in Duolingo in the second quarter valued at $204,768,000. International Assets Investment Management LLC increased its position in Duolingo by 30,909.9% in the 3rd quarter. International Assets Investment Management LLC now owns 355,063 shares of the company’s stock valued at $100,135,000 after buying an additional 353,918 shares in the last quarter. Whale Rock Capital Management LLC raised its stake in Duolingo by 23.9% during the 1st quarter. Whale Rock Capital Management LLC now owns 1,275,189 shares of the company’s stock worth $281,281,000 after buying an additional 245,599 shares during the period. Bank of New York Mellon Corp boosted its holdings in Duolingo by 153.1% in the second quarter. Bank of New York Mellon Corp now owns 395,123 shares of the company’s stock worth $82,450,000 after acquiring an additional 238,990 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Duolingo by 73.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 364,755 shares of the company’s stock valued at $80,459,000 after acquiring an additional 154,659 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

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.