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 business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $247.82, for a total transaction of $371,730.00. Following the transaction, the insider now directly owns 123,005 shares of the company’s stock, valued at $30,483,099.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

Duolingo Stock Down 1.7 %

Shares of Duolingo stock opened at $244.64 on Thursday. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 0.03. Duolingo, Inc. has a 12-month low of $121.89 and a 12-month high of $251.30. The firm has a market capitalization of $10.49 billion, a PE ratio of 719.55 and a beta of 0.82. The stock’s fifty day moving average is $220.23 and its 200-day moving average is $206.90.

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

Analyst Upgrades and Downgrades

DUOL has been the topic of a number of research analyst reports. The Goldman Sachs Group raised their price target on Duolingo from $160.00 to $190.00 and gave the company a “sell” rating in a report on Thursday, February 29th. Barclays upped their price target on shares of Duolingo from $173.00 to $243.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 29th. Needham & Company LLC boosted their target price on Duolingo from $210.00 to $241.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. JPMorgan Chase & Co. began coverage on Duolingo in a research note on Monday, March 11th. They set an “overweight” rating and a $270.00 price target for the company. Finally, Bank of America boosted their price objective on Duolingo from $230.00 to $260.00 and gave the stock a “neutral” 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $245.13.

Hedge Funds Weigh In On Duolingo

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Entropy Technologies LP boosted its position in shares of Duolingo by 410.9% in the first quarter. Entropy Technologies LP now owns 5,681 shares of the company’s stock worth $1,253,000 after buying an additional 4,569 shares during the period. ProShare Advisors LLC boosted its position in Duolingo by 9.8% during the 1st quarter. ProShare Advisors LLC now owns 5,320 shares of the company’s stock worth $1,173,000 after acquiring an additional 475 shares during the period. Russell Investments Group Ltd. grew its stake in Duolingo by 4.4% during the 1st quarter. Russell Investments Group Ltd. now owns 74,966 shares of the company’s stock valued at $16,614,000 after acquiring an additional 3,143 shares in the last quarter. Qsemble Capital Management LP acquired a new position in shares of Duolingo in the 1st quarter valued at about $528,000. Finally, Headlands Technologies LLC lifted its position in shares of Duolingo by 19.8% in the first quarter. Headlands Technologies LLC now owns 767 shares of the company’s stock worth $169,000 after purchasing an additional 127 shares in the last quarter. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

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.