Duolingo, Inc. (NASDAQ:DUOL) Insider Sells $294,360.00 in Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Natalie Glance sold 1,500 shares of the stock in a transaction on Monday, July 8th. The stock was sold at an average price of $196.24, for a total value of $294,360.00. Following the transaction, the insider now directly owns 145,782 shares in the company, valued at approximately $28,608,259.68. The sale 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 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 value 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 value of $371,730.00.

Duolingo Stock Up 0.7 %

Shares of DUOL traded up $1.33 during midday trading on Wednesday, reaching $188.10. 534,080 shares of the company were exchanged, compared to its average volume of 784,987. Duolingo, Inc. has a 1-year low of $121.89 and a 1-year high of $251.30. The stock has a 50-day moving average price of $198.92 and a 200-day moving average price of $204.81. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.08. The company has a market cap of $8.11 billion, a price-to-earnings ratio of 192.76 and a beta of 0.73.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Pinnacle Wealth Planning Services Inc. lifted its holdings in Duolingo by 5.5% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 1,046 shares of the company’s stock worth $231,000 after buying an additional 55 shares in the last quarter. 9258 Wealth Management LLC increased its position in shares of Duolingo by 4.4% during the fourth quarter. 9258 Wealth Management LLC now owns 1,529 shares of the company’s stock worth $347,000 after acquiring an additional 65 shares during the last quarter. Redhawk Wealth Advisors Inc. lifted its stake in shares of Duolingo by 0.8% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 8,831 shares of the company’s stock worth $2,003,000 after acquiring an additional 72 shares in the last quarter. Xponance Inc. boosted its holdings in Duolingo by 4.8% in the fourth quarter. Xponance Inc. now owns 1,774 shares of the company’s stock valued at $402,000 after purchasing an additional 82 shares during the last quarter. Finally, Kestra Private Wealth Services LLC grew its stake in Duolingo by 6.3% during the 4th quarter. Kestra Private Wealth Services LLC now owns 1,686 shares of the company’s stock valued at $382,000 after purchasing an additional 100 shares in the last quarter. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. DA Davidson started coverage on shares of Duolingo in a research report on Thursday, June 13th. They issued a “buy” rating and a $250.00 target price on the stock. Piper Sandler reiterated an “overweight” rating and issued a $265.00 price target (down previously from $282.00) on shares of Duolingo in a report on Friday, May 10th. JMP Securities restated a “market outperform” rating and set a $260.00 price objective on shares of Duolingo in a report on Wednesday. Barclays reduced their target price on Duolingo from $243.00 to $230.00 and set an “equal weight” rating on the stock in a report on Thursday, May 9th. Finally, Needham & Company LLC upped their price target on Duolingo from $241.00 to $267.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Duolingo presently has an average rating of “Moderate Buy” and a consensus target price 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.