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 Duolingo stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $313.36, for a total transaction of $470,040.00. Following the completion of the transaction, the insider now owns 136,760 shares of the company’s stock, valued at $42,855,113.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

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

Duolingo Stock Down 1.0 %

DUOL stock opened at $315.82 on Friday. The stock has a market capitalization of $13.75 billion, a PE ratio of 225.59 and a beta of 0.79. The company has a fifty day moving average of $268.56 and a 200-day moving average of $220.76. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.28 and a current ratio of 3.28. Duolingo, Inc. has a one year low of $145.05 and a one year high of $324.00.

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

Institutional Investors Weigh In On Duolingo

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC grew its stake in shares of Duolingo by 164.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock worth $36,000 after purchasing an additional 79 shares during the period. Blue Trust Inc. purchased a new position in Duolingo in the second quarter valued at about $32,000. Larson Financial Group LLC acquired a new stake in shares of Duolingo during the 2nd quarter valued at approximately $31,000. GAMMA Investing LLC boosted its stake in shares of Duolingo by 350.0% during the 2nd quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $36,000 after acquiring an additional 133 shares in the last quarter. Finally, Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Duolingo in the 2nd quarter worth approximately $36,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DUOL. Wolfe Research began coverage on Duolingo in a report on Tuesday, July 16th. They issued a “peer perform” rating for the company. Needham & Company LLC increased their target price on shares of Duolingo from $310.00 to $370.00 and gave the company a “buy” rating in a research report on Thursday. Piper Sandler boosted their price target on shares of Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a research report on Thursday. Seaport Res Ptn downgraded Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Finally, Barclays lifted their target price on shares of Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a report on Thursday. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $325.44.

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.