Natalie Glance Sells 3,482 Shares of Duolingo, Inc. (NASDAQ:DUOL) Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Natalie Glance sold 3,482 shares of the firm’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $319.59, for a total transaction of $1,112,812.38. Following the completion of the transaction, the insider now owns 127,251 shares in the company, valued at $40,668,147.09. The trade was a 2.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, March 5th, Natalie Glance sold 9,020 shares of Duolingo stock. The shares were sold at an average price of $290.59, for a total value of $2,621,121.80.
• On Tuesday, February 18th, Natalie Glance sold 2,667 shares of Duolingo stock. The shares were sold at an average price of $435.28, for a total value of $1,160,891.76.

Duolingo Price Performance

DUOL stock traded up $10.18 during trading on Wednesday, hitting $337.56. The company had a trading volume of 539,764 shares, compared to its average volume of 721,632. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The company has a fifty day moving average price of $346.73 and a two-hundred day moving average price of $325.78. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $441.77. The company has a market cap of $15.27 billion, a P/E ratio of 184.46 and a beta of 0.92.

Duolingo (NASDAQ:DUOL) last issued its earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.19). The firm had revenue of $209.55 million during the quarter, compared to analyst estimates of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. Equities research analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Institutional Trading of Duolingo

Hedge funds have recently modified their holdings of the company. True Wealth Design LLC acquired a new position in shares of Duolingo in the 3rd quarter worth approximately $26,000. Quarry LP boosted its stake in Duolingo by 250.0% in the fourth quarter. Quarry LP now owns 91 shares of the company’s stock worth $30,000 after purchasing an additional 65 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Duolingo during the fourth quarter worth $31,000. Harvest Fund Management Co. Ltd increased its stake in shares of Duolingo by 5,050.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock valued at $33,000 after buying an additional 101 shares in the last quarter. Finally, Global Retirement Partners LLC raised its holdings in shares of Duolingo by 1,255.6% in the fourth quarter. Global Retirement Partners LLC now owns 122 shares of the company’s stock valued at $40,000 after buying an additional 113 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Wall Street Analysts Forecast Growth

DUOL has been the topic of several recent analyst reports. Bank of America downgraded Duolingo from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $355.00 to $375.00 in a research report on Wednesday, December 11th. Citizens Jmp upgraded shares of Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 target price for the company in a research note on Tuesday, March 18th. The Goldman Sachs Group increased their price target on shares of Duolingo from $275.00 to $340.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. JPMorgan Chase & Co. boosted their price objective on shares of Duolingo from $400.00 to $410.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Finally, Jefferies Financial Group assumed coverage on shares of Duolingo in a research note on Friday, January 24th. They issued a “hold” rating and a $370.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Duolingo currently has an average rating of “Moderate Buy” and a consensus price target of $377.08.

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.