Insider Selling: Duolingo, Inc. (NASDAQ:DUOL) Insider Sells $371,730.00 in Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Natalie Glance sold 1,500 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $247.82, for a total transaction of $371,730.00. Following the completion of the transaction, the insider now directly owns 123,005 shares in the company, valued at $30,483,099.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, April 8th, Natalie Glance sold 1,500 shares of Duolingo stock. The shares were sold at an average price of $215.35, for a total value of $323,025.00.
• On Wednesday, March 6th, Natalie Glance sold 1,500 shares of Duolingo stock. The stock was sold at an average price of $215.07, for a total value of $322,605.00.

Duolingo Price Performance

Shares of NASDAQ:DUOL opened at $200.58 on Friday. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $8.60 billion, a PE ratio of 589.96 and a beta of 0.82. The firm has a 50 day moving average of $221.21 and a 200-day moving average of $207.17. Duolingo, Inc. has a 12 month low of $121.89 and a 12 month high of $251.30.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.30 by $0.27. The business had revenue of $167.70 million during the quarter, compared to the consensus estimate of $165.60 million. Duolingo had a net margin of 3.03% and a return on equity of 2.64%. The company’s revenue was up 44.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.06) earnings per share. On average, equities research analysts predict that Duolingo, Inc. will post 1.38 EPS for the current fiscal year.

Institutional Trading of Duolingo

Several large investors have recently bought and sold shares of the business. Discovery Value Fund acquired a new stake in shares of Duolingo in the 4th quarter valued at approximately $27,000. FSC Wealth Advisors LLC acquired a new stake in Duolingo in the fourth quarter valued at approximately $39,000. Bamco Inc. NY bought a new stake in shares of Duolingo during the third quarter worth $39,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Duolingo during the fourth quarter worth $73,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Duolingo in the 4th quarter valued at $92,000. 91.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Bank of America increased their price objective on Duolingo from $230.00 to $260.00 and gave the stock a “neutral” rating in a research report on Thursday, February 29th. JPMorgan Chase & Co. started coverage on shares of Duolingo in a research report on Monday, March 11th. They set an “overweight” rating and a $270.00 price target on the stock. Piper Sandler boosted their price objective on shares of Duolingo from $217.00 to $282.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. Needham & Company LLC raised their target price on shares of Duolingo from $241.00 to $267.00 and gave the stock a “buy” rating in a report on Thursday. Finally, The Goldman Sachs Group lifted their price target on shares of Duolingo from $160.00 to $190.00 and gave the company a “sell” rating in a research report on Thursday, February 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $246.75.

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.