Duolingo, Inc. (NASDAQ:DUOL) Insider Sells $242,670.00 in Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Natalie Glance sold 1,500 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $161.78, for a total value of $242,670.00. Following the completion of the transaction, the insider now owns 144,282 shares of the company’s stock, valued at approximately $23,341,941.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Monday, July 8th, Natalie Glance sold 1,500 shares of Duolingo stock. The stock was sold at an average price of $196.24, for a total transaction of $294,360.00.
• On Thursday, June 6th, Natalie Glance sold 1,500 shares of Duolingo stock. The stock was sold at an average price of $193.53, for a total transaction of $290,295.00.

Duolingo Stock Performance

Duolingo stock traded up $8.39 during trading hours on Friday, hitting $187.38. The stock had a trading volume of 696,281 shares, compared to its average volume of 770,708. Duolingo, Inc. has a fifty-two week low of $121.89 and a fifty-two week high of $251.30. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 0.08. The company has a 50-day moving average of $188.46 and a two-hundred day moving average of $198.71. The company has a market cap of $8.08 billion, a PE ratio of 193.18 and a beta of 0.72.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.19. Duolingo had a net margin of 7.82% and a return on equity of 7.08%. The firm had revenue of $178.30 million during the quarter, compared to analyst estimates of $177.13 million. During the same quarter in the prior year, the business posted $0.08 earnings per share. The company’s quarterly revenue was up 40.6% compared to the same quarter last year. On average, equities research analysts anticipate that Duolingo, Inc. will post 1.74 EPS for the current fiscal year.

Institutional Trading of Duolingo

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Duolingo by 2.0% in the first quarter. Vanguard Group Inc. now owns 3,387,433 shares of the company’s stock worth $747,200,000 after purchasing an additional 67,004 shares in the last quarter. Whale Rock Capital Management LLC lifted its position in Duolingo by 23.9% during the 1st quarter. Whale Rock Capital Management LLC now owns 1,275,189 shares of the company’s stock worth $281,281,000 after buying an additional 245,599 shares in the last quarter. American Century Companies Inc. grew its holdings in Duolingo by 25.1% during the 2nd quarter. American Century Companies Inc. now owns 498,957 shares of the company’s stock worth $104,117,000 after acquiring an additional 100,167 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Duolingo by 153.1% during the second quarter. Bank of New York Mellon Corp now owns 395,123 shares of the company’s stock worth $82,450,000 after purchasing an additional 238,990 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Duolingo during the fourth quarter worth $84,042,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. DA Davidson assumed coverage on Duolingo in a research report on Thursday, June 13th. They set a “buy” rating and a $250.00 price target on the stock. Barclays decreased their price target on shares of Duolingo from $230.00 to $183.00 and set an “equal weight” rating for the company in a report on Friday. JMP Securities reiterated a “market outperform” rating and issued a $260.00 price objective on shares of Duolingo in a research note on Wednesday, July 10th. Wolfe Research began coverage on shares of Duolingo in a research note on Tuesday, July 16th. They set a “peer perform” rating for the company. Finally, Bank of America upgraded Duolingo from a “neutral” rating to a “buy” rating and set a $245.00 price objective on the stock in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $237.40.

Duolingo Company Profile

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.