Insider Selling: Duolingo, Inc. (NASDAQ:DUOL) Insider Sells $1,112,812.38 in Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Natalie Glance sold 3,482 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $319.59, for a total value of $1,112,812.38. Following the completion of the sale, the insider now 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 SEC, which can be accessed through this hyperlink.

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 transaction of $1,160,891.76.

Duolingo Price Performance

Shares of NASDAQ DUOL opened at $292.88 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The firm’s 50 day simple moving average is $345.60 and its 200-day simple moving average is $326.19. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $441.77. The stock has a market capitalization of $13.25 billion, a price-to-earnings ratio of 160.04 and a beta of 0.92.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The firm had revenue of $209.55 million during the quarter, compared to analysts’ expectations of $205.49 million. Analysts expect that Duolingo, Inc. will post 2.03 EPS for the current year.

Wall Street Analyst Weigh In

DUOL has been the topic of a number of recent analyst reports. Barclays upped their price target 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. The Goldman Sachs Group raised their target price on Duolingo from $275.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. UBS Group set a $400.00 price target on Duolingo in a research report on Tuesday, March 18th. Needham & Company LLC increased their price objective on Duolingo from $385.00 to $400.00 and gave the company a “buy” rating in a report on Friday, February 28th. Finally, DA Davidson lifted their target price on Duolingo from $400.00 to $410.00 and gave the stock a “buy” rating in a report on Thursday, March 27th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Duolingo currently has an average rating of “Moderate Buy” and a consensus price target of $377.08.

Hedge Funds Weigh In On Duolingo

Several institutional investors and hedge funds have recently modified their holdings of DUOL. True Wealth Design LLC acquired a new stake in Duolingo in the third quarter valued at approximately $26,000. Quarry LP grew 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. acquired a new stake in Duolingo in the 4th quarter valued at $31,000. Harvest Fund Management Co. Ltd raised its position in 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 during the period. Finally, Versant Capital Management Inc lifted its holdings in Duolingo by 323.1% during the first quarter. Versant Capital Management Inc now owns 110 shares of the company’s stock valued at $34,000 after purchasing an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

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.