Duolingo, Inc. (NASDAQ:DUOL) Insider Natalie Glance Sells 2,667 Shares

Duolingo, Inc. (NASDAQ:DUOL) insider Natalie Glance sold 2,667 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $435.28, for a total value of $1,160,891.76. Following the transaction, the insider now owns 129,572 shares of the company’s stock, valued at $56,400,100.16. This trade represents a 2.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, December 6th, Natalie Glance sold 1,500 shares of Duolingo stock. The stock was sold at an average price of $369.33, for a total transaction of $553,995.00.

Duolingo Stock Down 2.0 %

DUOL stock traded down $8.87 during mid-day trading on Wednesday, reaching $432.52. 821,480 shares of the company traded hands, compared to its average volume of 623,119. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $441.77. 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’s 50 day moving average price is $352.61 and its 200 day moving average price is $300.03. The stock has a market cap of $19.03 billion, a price-to-earnings ratio of 236.35 and a beta of 0.89.

Institutional Investors Weigh In On Duolingo

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. True Wealth Design LLC purchased a new position in Duolingo during the third quarter worth about $26,000. First Horizon Advisors Inc. bought a new stake in shares of Duolingo in the third quarter valued at $29,000. Quarry LP raised its stake in Duolingo by 250.0% in the 4th quarter. Quarry LP now owns 91 shares of the company’s stock valued at $30,000 after acquiring an additional 65 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Duolingo in the fourth quarter valued at approximately $31,000. Finally, Harvest Fund Management Co. Ltd lifted its position in shares of Duolingo by 5,050.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock worth $33,000 after acquiring an additional 101 shares in the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DUOL has been the subject of a number of research analyst reports. Barclays lifted their target price on Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th. UBS Group lifted their price objective on shares of Duolingo from $408.00 to $410.00 and gave the company a “buy” rating in a research note on Monday, January 27th. JMP Securities reissued a “market perform” rating on shares of Duolingo in a research note on Friday, February 14th. JPMorgan Chase & Co. lifted their price target on shares of Duolingo from $360.00 to $400.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Finally, Scotiabank initiated coverage on shares of Duolingo in a report on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $355.55.

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.