Duolingo (NASDAQ:DUOL) Insider Natalie Glance Sells 2,751 Shares

Duolingo, Inc. (NASDAQ:DUOL) insider Natalie Glance sold 2,751 shares of Duolingo stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $129.13, for a total transaction of $355,236.63. Following the completion of the transaction, the insider directly owned 170,650 shares of the company’s stock, valued at $22,036,034.50. This trade represents a 1.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 Tuesday, August 18th, Natalie Glance sold 1,539 shares of Duolingo stock. The shares were sold at an average price of $137.80, for a total transaction of $212,074.20.

Duolingo Trading Up 4.6%

NASDAQ:DUOL opened at $146.03 on Thursday. The stock has a market cap of $6.83 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 1.12 and a beta of 0.87. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.06. The company’s 50 day moving average price is $129.54 and its 200-day moving average price is $114.26. Duolingo, Inc. has a 52 week low of $87.89 and a 52 week high of $355.00.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.06. The company had revenue of $298.45 million during the quarter, compared to analyst estimates of $295.58 million. Duolingo had a net margin of 35.88% and a return on equity of 12.10%. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.91 EPS. On average, equities research analysts forecast that Duolingo, Inc. will post 2.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DUOL. Barclays upped their price target on Duolingo from $110.00 to $115.00 and gave the company an “equal weight” rating in a report on Thursday, August 6th. DA Davidson upgraded Duolingo from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $130.00 to $160.00 in a report on Tuesday. Truist Financial boosted their target price on Duolingo from $100.00 to $120.00 and gave the stock a “hold” rating in a research report on Thursday, August 6th. Wells Fargo & Company assumed coverage on shares of Duolingo in a research note on Tuesday. They set an “overweight” rating on the stock. Finally, Jefferies Financial Group upped their target price on shares of Duolingo from $95.00 to $125.00 and gave the company a “hold” rating in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $130.50.

Key Stories Impacting Duolingo

Here are the key news stories impacting Duolingo this week:

• Positive Sentiment: DA Davidson upgraded Duolingo to “Buy” from “Neutral” and raised its price target to $160 from $130. The firm cited a potential “turning point” for the language-learning platform, including continued product improvements and strategic initiatives. The higher target suggests additional upside from recent trading levels. Duolingo Raised to Buy at DA Davidson
• Positive Sentiment: The upgrade triggered a gap higher and helped Duolingo outperform a weaker broader market. Investors are focusing on strong user growth, improving monetization prospects and lower artificial-intelligence costs, which could support margins and cash flow. Why Is Duolingo Stock Surging
• Neutral Sentiment: Several insiders sold shares, including General Counsel Stephen C. Chen, Robert Meese and Natalie Glance. The transactions were primarily made to cover tax withholding obligations on vested equity awards, and some were executed under pre-arranged Rule 10b5-1 plans. Because the sellers retained substantial holdings, the activity is less concerning than discretionary insider selling, but it may still temper sentiment. Duolingo Insider Filing
• Negative Sentiment: Analyst commentary also highlights risks: bookings growth has slowed, costs may rise as Duolingo invests in expansion, and the stock’s premium valuation leaves less room for execution missteps. Investors will likely need evidence that user growth can translate into sustained monetization and earnings growth. Should You Buy Duolingo as Growth Slows and Valuation Stays High

Institutional Investors Weigh In On Duolingo

A number of hedge funds have recently added to or reduced their stakes in the stock. Root Financial Partners LLC boosted its stake in shares of Duolingo by 194.1% in the 1st quarter. Root Financial Partners LLC now owns 250 shares of the company’s stock worth $25,000 after buying an additional 165 shares during the last quarter. EFG International AG bought a new position in Duolingo in the fourth quarter valued at about $26,000. AlphaCentric Advisors LLC bought a new position in Duolingo in the fourth quarter valued at about $33,000. Banque Cantonale Vaudoise lifted its holdings in Duolingo by 51.1% in the first quarter. Banque Cantonale Vaudoise now owns 340 shares of the company’s stock valued at $34,000 after acquiring an additional 115 shares during the period. Finally, FNY Investment Advisers LLC purchased a new position in Duolingo in the second quarter worth about $34,000. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Duolingo Company Profile

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.