Duolingo, Inc. (NASDAQ:DUOL) Insider Sells $470,040.00 in Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Natalie Glance sold 1,500 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $313.36, for a total value of $470,040.00. Following the transaction, the insider now owns 136,760 shares in the company, valued at $42,855,113.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• 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 transaction of $421,365.00.
• On Friday, September 6th, Natalie Glance sold 1,500 shares of Duolingo stock. The shares were sold at an average price of $207.51, for a total transaction of $311,265.00.

Duolingo Stock Up 3.5 %

NASDAQ DUOL opened at $326.89 on Friday. The company has a quick ratio of 3.28, a current ratio of 3.28 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $330.61. The business has a 50 day moving average price of $270.84 and a two-hundred day moving average price of $221.61. The stock has a market cap of $14.23 billion, a PE ratio of 178.63 and a beta of 0.79.

Duolingo (NASDAQ:DUOL) last announced its earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.13. The business had revenue of $192.59 million during the quarter, compared to the consensus estimate of $189.19 million. Duolingo had a net margin of 12.59% and a return on equity of 12.20%. The business’s quarterly revenue was up 39.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 earnings per share. As a group, sell-side analysts predict that Duolingo, Inc. will post 1.87 EPS for the current fiscal year.

Institutional Trading of Duolingo

Several large investors have recently modified their holdings of the business. First Horizon Advisors Inc. acquired a new position in shares of Duolingo in the third quarter worth about $29,000. Farther Finance Advisors LLC increased its holdings in Duolingo by 164.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock worth $36,000 after purchasing an additional 79 shares during the last quarter. Blue Trust Inc. acquired a new position in shares of Duolingo in the 2nd quarter valued at approximately $32,000. Larson Financial Group LLC purchased a new position in shares of Duolingo during the 2nd quarter valued at approximately $31,000. Finally, GAMMA Investing LLC grew its position in shares of Duolingo by 350.0% during the second quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $36,000 after buying an additional 133 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. UBS Group lifted their price target on shares of Duolingo from $225.00 to $355.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Piper Sandler lifted their target price on Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a report on Thursday. Evercore ISI upgraded Duolingo to a “strong-buy” rating in a research note on Monday, August 5th. Needham & Company LLC lifted their price objective on Duolingo from $310.00 to $370.00 and gave the company a “buy” rating in a research note on Thursday. Finally, DA Davidson increased their target price on shares of Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $325.44.

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.