Duolingo (NASDAQ:DUOL) Insider Natalie Glance Sells 3,360 Shares

Duolingo, Inc. (NASDAQ:DUOL) insider Natalie Glance sold 3,360 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $113.59, for a total value of $381,662.40. Following the completion of the transaction, the insider owned 173,401 shares of the company’s stock, valued at $19,696,619.59. The trade was a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Friday, May 15th, Natalie Glance sold 1,929 shares of Duolingo stock. The stock was sold at an average price of $112.16, for a total value of $216,356.64.
• On Wednesday, February 18th, Natalie Glance sold 3,545 shares of Duolingo stock. The stock was sold at an average price of $113.51, for a total value of $402,392.95.

Duolingo Trading Up 0.8%

DUOL stock opened at $114.10 on Wednesday. Duolingo, Inc. has a 1-year low of $87.89 and a 1-year high of $540.30. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.62 and a quick ratio of 2.62. The company has a market capitalization of $5.32 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 0.86 and a beta of 0.90. The business has a 50 day simple moving average of $101.15 and a two-hundred day simple moving average of $141.61.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.10. Duolingo had a return on equity of 14.07% and a net margin of 38.44%.The business had revenue of $291.97 million during the quarter, compared to the consensus estimate of $288.60 million. During the same period in the prior year, the company posted $0.72 EPS. The firm’s revenue for the quarter was up 26.5% compared to the same quarter last year. Research analysts anticipate that Duolingo, Inc. will post 2.84 EPS for the current fiscal year.

Institutional Trading of Duolingo

Several hedge funds have recently modified their holdings of DUOL. Root Financial Partners LLC raised its holdings in Duolingo by 194.1% during the 1st quarter. Root Financial Partners LLC now owns 250 shares of the company’s stock valued at $25,000 after buying an additional 165 shares during the period. EFG International AG purchased a new stake in Duolingo during the 4th quarter valued at $26,000. Atlantic Union Bankshares Corp purchased a new stake in Duolingo during the 3rd quarter valued at $32,000. AlphaCentric Advisors LLC purchased a new stake in Duolingo during the 4th quarter valued at $33,000. Finally, Banque Cantonale Vaudoise raised its holdings in Duolingo by 51.1% during the 1st quarter. Banque Cantonale Vaudoise now owns 340 shares of the company’s stock valued at $34,000 after buying an additional 115 shares during the period. 91.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on DUOL shares. Bank of America reaffirmed a “neutral” rating and set a $100.00 price objective on shares of Duolingo in a report on Friday, February 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $145.00 price objective on shares of Duolingo in a report on Tuesday, May 5th. JPMorgan Chase & Co. upped their price objective on Duolingo from $92.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Scotiabank reaffirmed a “sector perform” rating and set a $100.00 price objective (down from $300.00) on shares of Duolingo in a report on Friday, February 27th. Finally, The Goldman Sachs Group decreased their price objective on Duolingo from $250.00 to $105.00 and set a “neutral” rating on the stock in a report on Monday, March 2nd. Three investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $195.94.

Duolingo Company Profile

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.