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 that occurred on Friday, December 6th. The shares were sold at an average price of $369.33, for a total value of $553,995.00. Following the completion of the transaction, the insider now owns 132,239 shares in the company, valued at approximately $48,839,829.87. This trade represents a 1.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, November 6th, Natalie Glance sold 1,500 shares of Duolingo stock. The stock was sold at an average price of $313.36, for a total value of $470,040.00.
• 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.

Duolingo Price Performance

DUOL stock opened at $361.83 on Wednesday. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $15.91 billion, a PE ratio of 197.72 and a beta of 0.85. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $378.48. The business’s fifty day moving average price is $313.97 and its 200 day moving average price is $242.95.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.14. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm had revenue of $192.59 million for the quarter, compared to the consensus estimate of $189.19 million. During the same quarter in the previous year, the business earned $0.06 EPS. The company’s quarterly revenue was up 39.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Duolingo, Inc. will post 2.02 EPS for the current year.

Institutional Investors Weigh In On Duolingo

Large investors have recently bought and sold shares of the stock. Dragoneer Investment Group LLC purchased a new stake in Duolingo during the 2nd quarter worth about $204,768,000. Charles Schwab Investment Management Inc. increased its holdings in Duolingo by 42.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company’s stock worth $96,530,000 after purchasing an additional 101,653 shares during the period. Teachers Retirement System of The State of Kentucky increased its holdings in Duolingo by 23.7% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 67,114 shares of the company’s stock worth $14,005,000 after purchasing an additional 12,860 shares during the period. Lisanti Capital Growth LLC increased its holdings in Duolingo by 17.8% during the 3rd quarter. Lisanti Capital Growth LLC now owns 11,645 shares of the company’s stock worth $3,284,000 after purchasing an additional 1,760 shares during the period. Finally, Rockefeller Capital Management L.P. purchased a new stake in Duolingo during the 3rd quarter worth about $4,350,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on DUOL shares. JMP Securities lowered Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. The Goldman Sachs Group lifted their target price on Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. 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, November 7th. JPMorgan Chase & Co. lifted their target price on Duolingo from $303.00 to $360.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Finally, Piper Sandler lifted their target price on Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $340.70.

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.