Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) insider Natalie Glance sold 3,482 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $319.59, for a total transaction of $1,112,812.38. Following the transaction, the insider now directly owns 127,251 shares in the company, valued at approximately $40,668,147.09. This represents a 2.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Natalie Glance also recently made the following trade(s):
- On Wednesday, March 5th, Natalie Glance sold 9,020 shares of Duolingo stock. The shares were sold at an average price of $290.59, for a total value of $2,621,121.80.
- On Tuesday, February 18th, Natalie Glance sold 2,667 shares of Duolingo stock. The shares were sold at an average price of $435.28, for a total transaction of $1,160,891.76.
Duolingo Trading Up 1.2 %
Duolingo stock traded up $3.63 during trading hours on Monday, hitting $296.51. The company had a trading volume of 1,475,426 shares, compared to its average volume of 862,387. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The firm has a market cap of $13.42 billion, a P/E ratio of 162.03 and a beta of 0.91. The company has a 50-day moving average price of $345.60 and a two-hundred day moving average price of $327.31. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $441.77.
Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.19). The firm had revenue of $209.55 million during the quarter, compared to analysts' expectations of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. On average, sell-side analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current year.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the stock. Bank of America downgraded shares of Duolingo from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $355.00 to $375.00 in a research report on Wednesday, December 11th. JMP Securities reaffirmed a "market perform" rating on shares of Duolingo in a research report on Friday, February 14th. Piper Sandler increased their price target on Duolingo from $351.00 to $390.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. UBS Group set a $400.00 target price on shares of Duolingo in a research note on Tuesday, March 18th. Finally, Jefferies Financial Group initiated coverage on shares of Duolingo in a research report on Friday, January 24th. They issued a "hold" rating and a $370.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $377.08.
View Our Latest Analysis on Duolingo
Hedge Funds Weigh In On Duolingo
Several institutional investors have recently made changes to their positions in DUOL. FMR LLC grew its holdings in Duolingo by 39.9% during the 4th quarter. FMR LLC now owns 3,726,561 shares of the company's stock worth $1,208,263,000 after acquiring an additional 1,063,327 shares in the last quarter. Norges Bank bought a new position in shares of Duolingo during the 4th quarter worth approximately $152,296,000. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Duolingo by 548.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 470,834 shares of the company's stock valued at $152,659,000 after purchasing an additional 398,259 shares during the last quarter. Invesco Ltd. boosted its position in shares of Duolingo by 53.5% in the 4th quarter. Invesco Ltd. now owns 1,085,066 shares of the company's stock worth $351,811,000 after purchasing an additional 378,225 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Duolingo by 41,959.1% in the first quarter. GAMMA Investing LLC now owns 239,737 shares of the company's stock worth $74,448,000 after acquiring an additional 239,167 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company's stock.
Duolingo Company Profile
(
Get Free Report)
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.
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