Natalie Glance Sells 1,929 Shares of Duolingo (NASDAQ:DUOL) Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Natalie Glance sold 1,929 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $112.16, for a total transaction of $216,356.64. Following the completion of the sale, the insider directly owned 176,761 shares of the company’s stock, valued at approximately $19,825,513.76. This trade represents a 1.08% 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 this link. 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 Monday, May 18th, Natalie Glance sold 3,360 shares of Duolingo stock. The shares were sold at an average price of $113.59, for a total transaction of $381,662.40.
• On Wednesday, February 18th, Natalie Glance sold 3,545 shares of Duolingo stock. The shares were sold at an average price of $113.51, for a total transaction of $402,392.95.

Duolingo Price Performance

Duolingo stock opened at $106.82 on Thursday. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 12.29, a price-to-earnings-growth ratio of 0.86 and a beta of 0.90. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.62 and a quick ratio of 2.62. Duolingo, Inc. has a 1 year low of $87.89 and a 1 year high of $540.30. The firm has a 50-day moving average of $101.27 and a two-hundred day moving average of $140.51.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Monday, May 4th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.10. The company had revenue of $291.97 million during the quarter, compared to analysts’ expectations of $288.60 million. Duolingo had a net margin of 38.44% and a return on equity of 14.07%. The firm’s quarterly revenue was up 26.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.72 EPS. On average, research analysts forecast that Duolingo, Inc. will post 2.84 earnings per share for the current year.

Institutional Investors Weigh In On Duolingo

Several hedge funds have recently modified their holdings of DUOL. Baillie Gifford & Co. lifted its position in shares of Duolingo by 71.9% in the 4th quarter. Baillie Gifford & Co. now owns 4,861,445 shares of the company’s stock worth $853,184,000 after purchasing an additional 2,033,611 shares during the period. Bank of America Corp DE lifted its position in shares of Duolingo by 511.2% in the 1st quarter. Bank of America Corp DE now owns 1,332,301 shares of the company’s stock worth $131,325,000 after purchasing an additional 1,114,315 shares during the period. State of Michigan Retirement System lifted its position in Duolingo by 112.9% during the first quarter. State of Michigan Retirement System now owns 1,193,307 shares of the company’s stock valued at $117,624,000 after acquiring an additional 632,807 shares during the last quarter. FIL Ltd lifted its position in Duolingo by 1,715,575.9% during the fourth quarter. FIL Ltd now owns 497,546 shares of the company’s stock valued at $87,319,000 after acquiring an additional 497,517 shares during the last quarter. Finally, Norges Bank purchased a new stake in Duolingo during the fourth quarter valued at approximately $86,159,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Key Headlines Impacting Duolingo

Here are the key news stories impacting Duolingo this week:

• Neutral Sentiment: Duolingo’s General Counsel Stephen Chen, along with other insiders including Robert Meese and Natalie Glance, sold shares in recent transactions. The company said these sales were made under pre-arranged 10b5-1 plans and to cover tax withholding obligations tied to equity awards, which makes them less concerning than discretionary selling, but they can still weigh on investor sentiment. Article Title
• Neutral Sentiment: Duolingo reported solid first-quarter results earlier this month, beating earnings and revenue estimates and posting 26.5% year-over-year revenue growth. That supports the long-term story, but it may not be enough to offset recent concerns about valuation and the stock’s sharp pullback from its highs.
• Neutral Sentiment: Duolingo is also selling its East Liberty headquarters and consolidating operations in a nearby tower, suggesting a real estate and office footprint shift rather than a fundamental business issue. Investors may view this as cost management, but it is not a major growth catalyst. Article Title

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on DUOL shares. JPMorgan Chase & Co. boosted their price objective on shares of Duolingo from $92.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Argus reissued a “hold” rating on shares of Duolingo in a research report on Wednesday, March 18th. Bank of America reissued a “neutral” rating and issued a $100.00 price objective on shares of Duolingo in a research report on Friday, February 27th. Scotiabank reissued a “sector perform” rating and issued a $100.00 price objective (down from $300.00) on shares of Duolingo in a research report on Friday, February 27th. Finally, Zacks Research raised shares of Duolingo from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Three investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $195.94.

About Duolingo

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.