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

Duolingo, Inc. (NASDAQ:DUOL) insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $369.33, for a total value of $553,995.00. Following the transaction, the insider now owns 132,239 shares in the company, valued at approximately $48,839,829.87. This represents a 1.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Wednesday, November 6th, Natalie Glance sold 1,500 shares of Duolingo stock. The shares were sold at an average price of $313.36, for a total transaction 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 transaction of $421,365.00.

Duolingo Stock Performance

Duolingo stock traded down $7.89 during midday trading on Monday, reaching $360.61. The stock had a trading volume of 532,095 shares, compared to its average volume of 689,856. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $378.48. The firm’s 50-day moving average price is $310.78 and its 200 day moving average price is $240.36. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $15.86 billion, a PE ratio of 197.06 and a beta of 0.85.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 earnings per share 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 during the quarter, compared to the consensus estimate of $189.19 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The business’s revenue was up 39.9% on a year-over-year basis. As a group, research analysts predict that Duolingo, Inc. will post 2.02 earnings per share for the current fiscal year.

Institutional Trading of Duolingo

Several institutional investors and hedge funds have recently modified their holdings of the company. True Wealth Design LLC purchased a new position in Duolingo during the third quarter valued at approximately $26,000. First Horizon Advisors Inc. purchased a new position in shares of Duolingo during the 3rd quarter valued at approximately $29,000. Larson Financial Group LLC purchased a new stake in shares of Duolingo in the second quarter valued at approximately $31,000. Blue Trust Inc. acquired a new stake in Duolingo in the 2nd quarter worth about $32,000. Finally, GAMMA Investing LLC grew its holdings in shares of Duolingo by 350.0% during the second quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $36,000 after buying an additional 133 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on DUOL shares. UBS Group raised their target price on shares of Duolingo from $355.00 to $408.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Scotiabank began coverage on Duolingo in a research note on Thursday. They set a “sector outperform” rating and a $425.00 price objective on the stock. Barclays boosted their target price on shares of Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th. Piper Sandler increased their price target on shares of Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, Needham & Company LLC lifted their price target on Duolingo from $310.00 to $370.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.