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 company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $369.33, for a total value of $553,995.00. Following the transaction, the insider now directly owns 132,239 shares in the company, valued at $48,839,829.87. This represents a 1.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, November 6th, Natalie Glance sold 1,500 shares of Duolingo stock. The shares were sold at an average price of $313.36, for a total value of $470,040.00.
• On Monday, October 7th, Natalie Glance sold 1,500 shares of Duolingo stock. The shares were sold at an average price of $280.91, for a total value of $421,365.00.

Duolingo Stock Performance

Shares of DUOL stock opened at $361.83 on Wednesday. The company has a market capitalization of $15.91 billion, a P/E ratio of 197.72 and a beta of 0.85. The business’s 50 day moving average is $313.97 and its two-hundred day moving average is $242.95. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $378.48.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.14. The company had revenue of $192.59 million for the quarter, compared to the consensus estimate of $189.19 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. Duolingo’s revenue for the quarter was up 39.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.06 earnings per share. Analysts expect that Duolingo, Inc. will post 2.02 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on DUOL shares. JMP Securities lowered Duolingo from an “outperform” rating to a “market perform” rating in a report on Monday, October 14th. Barclays increased their price objective on Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a report on Thursday, November 7th. Bank of America increased their price objective on Duolingo from $292.00 to $298.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. JPMorgan Chase & Co. increased their price objective on Duolingo from $303.00 to $360.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, UBS Group raised their target price on Duolingo from $355.00 to $408.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Five investment 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $340.70.

Hedge Funds Weigh In On Duolingo

A number of hedge funds have recently bought and sold shares of DUOL. Mount Lucas Management LP lifted its position in shares of Duolingo by 2.4% in the third quarter. Mount Lucas Management LP now owns 1,340 shares of the company’s stock valued at $378,000 after acquiring an additional 32 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Duolingo by 3.1% in the third quarter. CIBC Asset Management Inc now owns 1,061 shares of the company’s stock valued at $299,000 after acquiring an additional 32 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of Duolingo by 3.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 1,962 shares of the company’s stock valued at $409,000 after acquiring an additional 73 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Duolingo by 164.6% in the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after acquiring an additional 79 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of Duolingo by 19.5% in the second quarter. Nisa Investment Advisors LLC now owns 520 shares of the company’s stock valued at $109,000 after acquiring an additional 85 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.