Duolingo, Inc. (NASDAQ:DUOL – Get Free Report) insider Natalie Glance sold 3,360 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $113.59, for a total transaction of $381,662.40. Following the completion of the transaction, the insider owned 173,401 shares in the company, valued at $19,696,619.59. The trade was a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through 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 transaction of $216,356.64.
- 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
Shares of Duolingo stock opened at $105.64 on Friday. 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 fifty-two week low of $87.89 and a fifty-two week high of $540.30. The firm has a fifty day moving average price of $101.48 and a two-hundred day moving average price of $139.35. The company has a market cap of $4.92 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 0.81 and a beta of 0.90.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on DUOL. JPMorgan Chase & Co. increased their price target on shares of Duolingo from $92.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Evercore set a $97.00 price target on shares of Duolingo in a report on Tuesday, May 5th. Needham & Company LLC reissued a “buy” rating and issued a $145.00 price target on shares of Duolingo in a report on Tuesday, May 5th. Barclays reduced their price target on shares of Duolingo from $230.00 to $110.00 and set an “equal weight” rating for the company in a report on Monday, March 2nd. Finally, Argus reissued a “hold” rating on shares of Duolingo in a report on Wednesday, March 18th. Three research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $195.94.
Check Out Our Latest Research Report on DUOL
Hedge Funds Weigh In On Duolingo
A number of hedge funds and other institutional investors have recently made changes to their positions in DUOL. Baillie Gifford & Co. lifted its holdings in shares of Duolingo by 71.9% during the 4th quarter. Baillie Gifford & Co. now owns 4,861,445 shares of the company’s stock worth $853,184,000 after acquiring an additional 2,033,611 shares during the period. Bank of America Corp DE lifted its holdings in shares of Duolingo by 511.2% during the 1st quarter. Bank of America Corp DE now owns 1,332,301 shares of the company’s stock worth $131,325,000 after acquiring an additional 1,114,315 shares during the period. State of Michigan Retirement System lifted its holdings in shares of Duolingo by 112.9% during the 1st quarter. State of Michigan Retirement System now owns 1,193,307 shares of the company’s stock worth $117,624,000 after acquiring an additional 632,807 shares during the period. FIL Ltd lifted its holdings in shares of Duolingo by 1,715,575.9% during the 4th quarter. FIL Ltd now owns 497,546 shares of the company’s stock worth $87,319,000 after acquiring an additional 497,517 shares during the period. Finally, Norges Bank bought a new position in shares of Duolingo during the 4th quarter worth about $86,159,000. 91.59% of the stock is owned by 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.
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