Duolingo, Inc. (NASDAQ:DUOL) Insider Natalie Glance Sells 2,533 Shares

Key Points

• Duolingo insider Natalie Glance sold 2,533 shares at an average price of $329.03, totaling approximately $833,432, decreasing her ownership by 2.03%.
• Duolingo's stock rose by 12.9% recently, reaching $369.19, with a market cap of $16.92 billion and a P/E ratio of 134.54.
• Analysts have rated Duolingo's stock with a consensus of "Moderate Buy" and an average target price of $451.35, with five hold ratings and fourteen buy ratings.

Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) insider Natalie Glance sold 2,533 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $329.03, for a total value of $833,432.99. Following the sale, the insider directly owned 122,112 shares in the company, valued at approximately $40,178,511.36. This trade represents a 2.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Duolingo Stock Up 12.9%

Duolingo stock traded up $42.26 during mid-day trading on Monday, reaching $369.19. 3,132,179 shares of the company were exchanged, compared to its average volume of 1,888,697. Duolingo, Inc. has a 12-month low of $201.02 and a 12-month high of $544.93. The business has a fifty day moving average of $391.96 and a 200 day moving average of $392.16. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.81 and a current ratio of 2.81. The firm has a market cap of $16.92 billion, a P/E ratio of 134.54, a PEG ratio of 2.18 and a beta of 0.87.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.36. Duolingo had a return on equity of 13.32% and a net margin of 13.24%. The company had revenue of $252.27 million for the quarter, compared to the consensus estimate of $240.84 million. During the same period last year, the firm earned $0.51 EPS. The firm's revenue for the quarter was up 41.5% compared to the same quarter last year. Research analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Nomura Holdings Inc. acquired a new stake in Duolingo in the 2nd quarter valued at approximately $957,000. Caxton Associates LLP purchased a new position in Duolingo in the second quarter valued at $1,374,000. Public Sector Pension Investment Board purchased a new position in Duolingo in the second quarter valued at $11,358,000. FORA Capital LLC purchased a new position in Duolingo in the second quarter valued at $4,385,000. Finally, Evergreen Capital Management LLC boosted its stake in Duolingo by 5.0% in the second quarter. Evergreen Capital Management LLC now owns 818 shares of the company's stock valued at $335,000 after acquiring an additional 39 shares in the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on DUOL. DA Davidson dropped their target price on Duolingo from $600.00 to $500.00 and set a "buy" rating for the company in a research report on Wednesday, June 25th. Scotiabank increased their target price on Duolingo from $405.00 to $470.00 and gave the company a "sector outperform" rating in a research report on Friday, May 2nd. Evercore ISI increased their price target on Duolingo from $400.00 to $480.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. UBS Group reissued an "overweight" rating on shares of Duolingo in a research note on Thursday, May 22nd. Finally, Piper Sandler set a $375.00 target price on Duolingo in a research note on Friday, May 2nd. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, Duolingo presently has a consensus rating of "Moderate Buy" and an average target price of $451.35.

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.

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