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

Duolingo, Inc. (NASDAQ:DUOL) insider Natalie Glance sold 1,500 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $247.82, for a total transaction of $371,730.00. Following the sale, the insider now directly owns 123,005 shares in the company, valued at $30,483,099.10. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Monday, April 8th, Natalie Glance sold 1,500 shares of Duolingo stock. The shares were sold at an average price of $215.35, for a total transaction of $323,025.00.
• On Wednesday, March 6th, Natalie Glance sold 1,500 shares of Duolingo stock. The stock was sold at an average price of $215.07, for a total transaction of $322,605.00.

Duolingo Stock Performance

Shares of DUOL stock opened at $248.84 on Wednesday. The company’s fifty day simple moving average is $219.15 and its 200-day simple moving average is $206.23. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 0.03. Duolingo, Inc. has a 52 week low of $121.89 and a 52 week high of $251.30. The company has a market cap of $10.67 billion, a PE ratio of 731.90 and a beta of 0.82.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. Duolingo had a return on equity of 2.64% and a net margin of 3.03%. The company had revenue of $150.99 million for the quarter, compared to analysts’ expectations of $146.98 million. As a group, equities research analysts anticipate that Duolingo, Inc. will post 1.38 EPS for the current year.

Institutional Investors Weigh In On Duolingo

A number of large investors have recently added to or reduced their stakes in the company. Discovery Value Fund purchased a new position in Duolingo in the 4th quarter valued at about $27,000. Bamco Inc. NY acquired a new position in shares of Duolingo in the third quarter worth about $39,000. FSC Wealth Advisors LLC purchased a new position in Duolingo in the fourth quarter valued at about $39,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Duolingo during the 4th quarter valued at approximately $73,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Duolingo during the 4th quarter worth approximately $92,000. 91.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DUOL has been the subject of a number of recent analyst reports. The Goldman Sachs Group lifted their price objective on Duolingo from $160.00 to $190.00 and gave the company a “sell” rating in a research report on Thursday, February 29th. Needham & Company LLC lifted their price target on Duolingo from $210.00 to $241.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Seaport Res Ptn reiterated a “buy” rating on shares of Duolingo in a report on Tuesday, February 27th. Bank of America boosted their target price on shares of Duolingo from $230.00 to $260.00 and gave the company a “neutral” rating in a report on Thursday, February 29th. Finally, UBS Group increased their price target on shares of Duolingo from $230.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $245.13.

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.