Insider Selling: Duolingo, Inc. (NASDAQ:DUOL) Insider Sells 2,667 Shares of Stock

Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) insider Natalie Glance sold 2,667 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $435.28, for a total transaction of $1,160,891.76. Following the transaction, the insider now owns 129,572 shares in the company, valued at approximately $56,400,100.16. The trade was a 2.02 % 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, December 6th, Natalie Glance sold 1,500 shares of Duolingo stock. The stock was sold at an average price of $369.33, for a total transaction of $553,995.00.

Duolingo Stock Down 8.7 %

NASDAQ DUOL traded down $36.81 on Friday, reaching $384.97. The company had a trading volume of 826,662 shares, compared to its average volume of 637,513. The company's fifty day moving average is $356.02 and its 200-day moving average is $301.79. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $441.77. The firm has a market capitalization of $16.93 billion, a price-to-earnings ratio of 210.37 and a beta of 0.89. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Quarry LP boosted its position in Duolingo by 250.0% during the 4th quarter. Quarry LP now owns 91 shares of the company's stock worth $30,000 after acquiring an additional 65 shares during the last quarter. True Wealth Design LLC bought a new stake in shares of Duolingo in the third quarter worth $26,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Duolingo during the fourth quarter worth $31,000. First Horizon Advisors Inc. bought a new position in Duolingo in the third quarter valued at $29,000. Finally, Harvest Fund Management Co. Ltd increased its stake in Duolingo by 5,050.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock valued at $33,000 after buying an additional 101 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. The Goldman Sachs Group lifted their target price on shares of Duolingo from $250.00 to $275.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Barclays upped their price objective on Duolingo from $183.00 to $295.00 and gave the company an "equal weight" rating in a report on Thursday, November 7th. Jefferies Financial Group assumed coverage on Duolingo in a research report on Friday, January 24th. They set a "hold" rating and a $370.00 target price for the company. JPMorgan Chase & Co. increased their price target on shares of Duolingo from $360.00 to $400.00 and gave the company an "overweight" rating in a research report on Thursday, December 12th. Finally, Seaport Res Ptn cut shares of Duolingo from a "strong-buy" rating to a "hold" rating in a report on Thursday, November 7th. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $355.55.

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.