Duolingo (NASDAQ:DUOL) Insider Natalie Glance Sells 3,283 Shares

Key Points

• Duolingo insider Natalie Glance sold 3,283 shares of stock on October 1st for approximately $1.025 million, reducing her ownership by 2.75%.
• The company reported strong quarterly earnings with earnings per share of $0.91, surpassing estimates, and a revenue increase of 41.5% year-over-year.
• Analyst ratings for Duolingo are mixed, with a majority rating the stock as a Moderate Buy, while price targets vary significantly among firms, ranging from $300 to $575.

Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) insider Natalie Glance sold 3,283 shares of the business's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $312.30, for a total value of $1,025,280.90. Following the completion of the transaction, the insider directly owned 116,171 shares of the company's stock, valued at approximately $36,280,203.30. The trade was a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Friday, August 15th, Natalie Glance sold 2,533 shares of Duolingo stock. The shares were sold at an average price of $329.03, for a total value of $833,432.99.

Duolingo Stock Performance

Shares of DUOL stock opened at $322.63 on Monday. The company has a market capitalization of $14.78 billion, a P/E ratio of 132.77, a price-to-earnings-growth ratio of 2.15 and a beta of 0.86. Duolingo, Inc. has a 52 week low of $256.63 and a 52 week high of $544.93. 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 company's 50 day moving average price is $317.53 and its two-hundred day moving average price is $380.91.

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

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. DA Davidson lowered shares of Duolingo from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $500.00 to $300.00 in a research report on Thursday, September 4th. KeyCorp raised shares of Duolingo from a "sector weight" rating to an "overweight" rating and set a $460.00 price target on the stock in a research report on Monday, August 18th. Argus started coverage on shares of Duolingo in a research note on Wednesday, June 25th. They set a "buy" rating and a $575.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on Duolingo from $500.00 to $515.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Finally, Wall Street Zen cut Duolingo from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $419.32.

Institutional Investors Weigh In On Duolingo

Large investors have recently modified their holdings of the business. Rise Advisors LLC grew its holdings in shares of Duolingo by 43.6% during the 1st quarter. Rise Advisors LLC now owns 79 shares of the company's stock valued at $25,000 after purchasing an additional 24 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Duolingo by 20.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 153 shares of the company's stock valued at $48,000 after purchasing an additional 26 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Duolingo by 16.3% during the second quarter. Parallel Advisors LLC now owns 186 shares of the company's stock worth $76,000 after purchasing an additional 26 shares during the last quarter. US Bancorp DE increased its stake in shares of Duolingo by 1.4% in the second quarter. US Bancorp DE now owns 1,968 shares of the company's stock valued at $807,000 after buying an additional 28 shares during the period. Finally, New York Life Investment Management LLC raised its holdings in Duolingo by 0.7% in the 2nd quarter. New York Life Investment Management LLC now owns 4,067 shares of the company's stock valued at $1,668,000 after buying an additional 30 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

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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