Insider Selling: Duolingo (NASDAQ:DUOL) Insider Sells $833,432.99 in Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Natalie Glance sold 2,533 shares of the business’s 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 completion of the transaction, the insider directly owned 122,112 shares in the company, valued at approximately $40,178,511.36. This represents a 2.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Duolingo Price Performance

Duolingo stock opened at $338.88 on Thursday. 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 $15.53 billion, a P/E ratio of 139.46, a P/E/G ratio of 2.27 and a beta of 0.87. The business’s fifty day moving average is $383.78 and its two-hundred day moving average is $391.48. Duolingo, Inc. has a 52 week low of $202.38 and a 52 week high of $544.93.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $240.84 million. During the same quarter in the previous year, the firm earned $0.51 earnings per share. The business’s revenue was up 41.5% on a year-over-year basis. Equities research analysts forecast that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Duolingo

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Duolingo by 3.3% in the second quarter. Vanguard Group Inc. now owns 3,647,951 shares of the company’s stock valued at $1,495,733,000 after buying an additional 116,135 shares during the period. Invesco Ltd. lifted its stake in Duolingo by 24.1% in the first quarter. Invesco Ltd. now owns 1,346,278 shares of the company’s stock valued at $418,073,000 after buying an additional 261,212 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Duolingo by 0.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,339,780 shares of the company’s stock valued at $434,398,000 after buying an additional 10,638 shares during the period. State Street Corp lifted its stake in Duolingo by 0.5% in the second quarter. State Street Corp now owns 1,164,387 shares of the company’s stock valued at $477,422,000 after buying an additional 6,109 shares during the period. Finally, T. Rowe Price Investment Management Inc. lifted its stake in Duolingo by 110.5% in the first quarter. T. Rowe Price Investment Management Inc. now owns 990,903 shares of the company’s stock valued at $307,716,000 after buying an additional 520,069 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analysts Set New Price Targets

DUOL has been the topic of several research reports. Piper Sandler set a $375.00 price target on Duolingo in a research note on Friday, May 2nd. JPMorgan Chase & Co. upped their price target on Duolingo from $500.00 to $515.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Morgan Stanley upped their price target on Duolingo from $480.00 to $500.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Wall Street Zen raised Duolingo from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Finally, DA Davidson cut their price target on Duolingo from $600.00 to $500.00 and set a “buy” rating on the stock in a research note on Wednesday, June 25th. Thirteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $451.35.

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.