Insider Selling: Duolingo, Inc. (NASDAQ:DUOL) Insider Sells 3,482 Shares of Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Natalie Glance sold 3,482 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $319.59, for a total transaction of $1,112,812.38. Following the sale, the insider now directly owns 127,251 shares of the company’s stock, valued at approximately $40,668,147.09. This trade represents a 2.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, March 5th, Natalie Glance sold 9,020 shares of Duolingo stock. The shares were sold at an average price of $290.59, for a total transaction of $2,621,121.80.
• On Tuesday, February 18th, Natalie Glance sold 2,667 shares of Duolingo stock. The stock was sold at an average price of $435.28, for a total value of $1,160,891.76.

Duolingo Stock Up 3.1 %

Shares of DUOL traded up $10.18 during midday trading on Wednesday, hitting $337.56. The stock had a trading volume of 539,764 shares, compared to its average volume of 721,632. The firm has a market cap of $15.27 billion, a price-to-earnings ratio of 184.46 and a beta of 0.92. The company has a 50 day simple moving average of $346.73 and a two-hundred day simple moving average of $325.78. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $441.77. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.19). The business had revenue of $209.55 million for the quarter, compared to the consensus estimate of $205.49 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. On average, analysts anticipate that Duolingo, Inc. will post 2.03 EPS for the current year.

Institutional Investors Weigh In On Duolingo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DUOL. True Wealth Design LLC acquired a new position in shares of Duolingo during the 3rd quarter worth about $26,000. Quarry LP raised its holdings in Duolingo by 250.0% during the fourth quarter. Quarry LP now owns 91 shares of the company’s stock worth $30,000 after acquiring an additional 65 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Duolingo during the fourth quarter valued at approximately $31,000. Harvest Fund Management Co. Ltd grew its stake in Duolingo by 5,050.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock valued at $33,000 after purchasing an additional 101 shares in the last quarter. Finally, Global Retirement Partners LLC increased its position in shares of Duolingo by 1,255.6% during the 4th quarter. Global Retirement Partners LLC now owns 122 shares of the company’s stock worth $40,000 after purchasing an additional 113 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on DUOL shares. JPMorgan Chase & Co. raised their target price on Duolingo from $400.00 to $410.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. The Goldman Sachs Group increased their price target on shares of Duolingo from $275.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd. Citizens Jmp upgraded shares of Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 price objective for the company in a report on Tuesday, March 18th. Barclays upped their target price on shares of Duolingo from $295.00 to $330.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Finally, Needham & Company LLC lifted their price target on shares of Duolingo from $385.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $377.08.

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.