Natalie Glance Sells 1,500 Shares of Duolingo, Inc. (NASDAQ:DUOL) Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction on Monday, July 8th. The stock was sold at an average price of $196.24, for a total transaction of $294,360.00. Following the sale, the insider now owns 145,782 shares in the company, valued at $28,608,259.68. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• 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.
• On Monday, May 6th, Natalie Glance sold 1,500 shares of Duolingo stock. The shares were sold at an average price of $247.82, for a total transaction of $371,730.00.

Duolingo Stock Up 2.4 %

DUOL stock opened at $192.57 on Friday. The company has a market cap of $8.30 billion, a P/E ratio of 198.53 and a beta of 0.73. Duolingo, Inc. has a 52 week low of $121.89 and a 52 week high of $251.30. The company’s 50-day moving average price is $197.50 and its 200 day moving average price is $204.61. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.08.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.27. The firm had revenue of $167.70 million for the quarter, compared to the consensus estimate of $165.60 million. Duolingo had a net margin of 7.82% and a return on equity of 7.08%. The firm’s revenue was up 44.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.06) earnings per share. On average, research analysts expect that Duolingo, Inc. will post 1.74 earnings per share for the current fiscal year.

Institutional Trading of Duolingo

Institutional investors have recently added to or reduced their stakes in the stock. Discovery Value Fund purchased a new stake in Duolingo during the fourth quarter worth about $27,000. GAMMA Investing LLC lifted its holdings in shares of Duolingo by 350.0% in the second quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock valued at $36,000 after purchasing an additional 133 shares in the last quarter. FSC Wealth Advisors LLC purchased a new stake in shares of Duolingo in the fourth quarter valued at about $39,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Duolingo in the fourth quarter valued at about $73,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Duolingo in the fourth quarter valued at about $92,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on DUOL. JMP Securities restated a “market outperform” rating and issued a $260.00 price objective on shares of Duolingo in a research note on Wednesday. DA Davidson began coverage on shares of Duolingo in a research note on Thursday, June 13th. They issued a “buy” rating and a $250.00 price objective on the stock. Piper Sandler restated an “overweight” rating and issued a $265.00 price objective (down from $282.00) on shares of Duolingo in a research note on Friday, May 10th. Needham & Company LLC lifted their price objective on shares of Duolingo from $241.00 to $267.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Finally, Barclays dropped their price objective on shares of Duolingo from $243.00 to $230.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $246.70.

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.