Insider Selling: Duolingo, Inc. (NASDAQ:DUOL) Insider Sells 1,500 Shares of Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Natalie Glance sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $161.78, for a total transaction of $242,670.00. Following the completion of the sale, the insider now owns 144,282 shares in the company, valued at approximately $23,341,941.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, July 8th, Natalie Glance sold 1,500 shares of Duolingo stock. The shares were sold at an average price of $196.24, for a total value of $294,360.00.
• On Thursday, June 6th, Natalie Glance sold 1,500 shares of Duolingo stock. The shares were sold at an average price of $193.53, for a total transaction of $290,295.00.

Duolingo Stock Up 4.7 %

Shares of DUOL traded up $8.39 during trading hours on Friday, reaching $187.38. 696,281 shares of the stock traded hands, compared to its average volume of 770,708. Duolingo, Inc. has a 52 week low of $121.89 and a 52 week high of $251.30. The company has a market cap of $8.08 billion, a price-to-earnings ratio of 193.18 and a beta of 0.72. The stock has a fifty day simple moving average of $188.46 and a 200 day simple moving average of $198.71. 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 posted its earnings results on Wednesday, August 7th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.32 by $0.19. Duolingo had a net margin of 7.82% and a return on equity of 7.08%. The firm had revenue of $178.30 million for the quarter, compared to analysts’ expectations of $177.13 million. During the same quarter last year, the firm earned $0.08 EPS. The company’s quarterly revenue was up 40.6% compared to the same quarter last year. On average, equities analysts forecast that Duolingo, Inc. will post 1.74 EPS for the current year.

Hedge Funds Weigh In On Duolingo

Several institutional investors have recently added to or reduced their stakes in the stock. Discovery Value Fund purchased a new position in Duolingo in the fourth quarter valued at about $27,000. Larson Financial Group LLC purchased a new position in Duolingo in the second quarter valued at approximately $31,000. Blue Trust Inc. bought a new position in Duolingo during the second quarter valued at $32,000. GAMMA Investing LLC increased its position in Duolingo by 350.0% in the second quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $36,000 after buying an additional 133 shares during the last quarter. Finally, Fifth Third Bancorp bought a new stake in shares of Duolingo in the second quarter valued at $40,000. Institutional investors own 91.59% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. JMP Securities reaffirmed a “market outperform” rating and set a $260.00 target price on shares of Duolingo in a research report on Wednesday, July 10th. Bank of America upgraded Duolingo from a “neutral” rating to a “buy” rating and set a $245.00 target price on the stock in a report on Friday, July 26th. Wolfe Research started coverage on shares of Duolingo in a report on Tuesday, July 16th. They set a “peer perform” rating for the company. JPMorgan Chase & Co. reduced their price objective on shares of Duolingo from $275.00 to $255.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Barclays lowered their target price on shares of Duolingo from $230.00 to $183.00 and set an “equal weight” rating for the company in a research note on Friday. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $237.40.

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.