Natalie Glance Sells 3,360 Shares of Duolingo (NASDAQ:DUOL) Stock

by · The Cerbat Gem

Duolingo, Inc. (NASDAQ:DUOL – Get Free Report) insider Natalie Glance sold 3,360 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $113.59, for a total value of $381,662.40. Following the transaction, the insider owned 173,401 shares of the company’s stock, valued at approximately $19,696,619.59. This represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 Friday, May 15th, Natalie Glance sold 1,929 shares of Duolingo stock. The shares were sold at an average price of $112.16, for a total value of $216,356.64.
  • On Wednesday, February 18th, Natalie Glance sold 3,545 shares of Duolingo stock. The stock was sold at an average price of $113.51, for a total value of $402,392.95.

Duolingo Stock Performance

DUOL traded up $0.86 during trading on Tuesday, hitting $114.10. 1,806,600 shares of the stock were exchanged, compared to its average volume of 2,449,816. The stock has a fifty day moving average price of $100.90 and a two-hundred day moving average price of $142.73. Duolingo, Inc. has a 1-year low of $87.89 and a 1-year high of $540.30. The firm has a market capitalization of $5.32 billion, a P/E ratio of 13.13, a PEG ratio of 0.85 and a beta of 0.90. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL – Get Free Report) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10. The firm had revenue of $291.97 million for the quarter, compared to the consensus estimate of $288.60 million. Duolingo had a return on equity of 14.07% and a net margin of 38.44%.The company’s revenue for the quarter was up 26.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.72 earnings per share. As a group, sell-side analysts predict that Duolingo, Inc. will post 2.84 earnings per share for the current year.

Analyst Ratings Changes

DUOL has been the topic of a number of research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $145.00 target price on shares of Duolingo in a report on Tuesday, May 5th. Bank of America restated a “neutral” rating and issued a $100.00 target price on shares of Duolingo in a report on Friday, February 27th. Argus reissued a “hold” rating on shares of Duolingo in a research report on Wednesday, March 18th. Weiss Ratings lowered Duolingo from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on Duolingo from $92.00 to $94.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Three equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Duolingo has a consensus rating of “Hold” and a consensus price target of $195.94.

Check Out Our Latest Analysis on Duolingo

Hedge Funds Weigh In On Duolingo

A number of large investors have recently added to or reduced their stakes in DUOL. Citigroup Inc. lifted its position in Duolingo by 31.8% during the third quarter. Citigroup Inc. now owns 259,666 shares of the company’s stock worth $83,571,000 after acquiring an additional 62,614 shares during the last quarter. Intech Investment Management LLC grew its stake in shares of Duolingo by 967.3% during the third quarter. Intech Investment Management LLC now owns 48,926 shares of the company’s stock worth $15,746,000 after buying an additional 44,342 shares during the last quarter. Baillie Gifford & Co. grew its stake in shares of Duolingo by 71.9% in the fourth 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 last quarter. Mitchell Capital Management Co. bought a new stake in shares of Duolingo in the third quarter worth $4,589,000. Finally, GF Fund Management CO. LTD. bought a new stake in Duolingo during the third quarter valued at $6,366,000. Institutional investors own 91.59% of the company’s stock.

Duolingo Company Profile

(Get Free Report)

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.

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