Duolingo, Inc. (NASDAQ:DUOL – Get Free Report) insider Natalie Glance sold 1,929 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $112.16, for a total value of $216,356.64. Following the completion of the sale, the insider owned 176,761 shares in the company, valued at approximately $19,825,513.76. The trade was a 1.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 Monday, May 18th, Natalie Glance sold 3,360 shares of Duolingo stock. The shares were sold at an average price of $113.59, for a total value of $381,662.40.
- 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 Trading Down 1.1%
Shares of DUOL opened at $105.64 on Friday. Duolingo, Inc. has a fifty-two week low of $87.89 and a fifty-two week high of $540.30. The business has a 50-day moving average of $101.48 and a 200 day moving average of $139.35. The firm has a market cap of $4.92 billion, a P/E ratio of 12.16, a price-to-earnings-growth ratio of 0.81 and a beta of 0.90. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.62 and a current ratio of 2.62.
Analyst Upgrades and Downgrades
DUOL has been the subject of several analyst reports. Truist Financial downgraded shares of Duolingo from a “buy” rating to a “hold” rating and set a $100.00 price objective for the company. in a report on Friday, February 27th. Weiss Ratings cut shares of Duolingo from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 22nd. The Goldman Sachs Group cut their price target on Duolingo from $250.00 to $105.00 and set a “neutral” rating for the company in a report on Monday, March 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $145.00 price target on shares of Duolingo in a research report on Tuesday, May 5th. Finally, Evercore set a $97.00 price objective on Duolingo in a research note on Tuesday, May 5th. Three research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $195.94.
Check Out Our Latest Analysis on DUOL
Hedge Funds Weigh In On Duolingo
Several hedge funds have recently bought and sold shares of DUOL. Baillie Gifford & Co. increased its holdings in 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 boosted its holdings in Duolingo by 511.2% in the 1st quarter. Bank of America Corp DE now owns 1,332,301 shares of the company’s stock valued at $131,325,000 after purchasing an additional 1,114,315 shares during the period. State of Michigan Retirement System grew its position 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 valued at $117,624,000 after purchasing an additional 632,807 shares in the last quarter. FIL Ltd grew its position 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 valued at $87,319,000 after purchasing an additional 497,517 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Duolingo in the fourth quarter worth $86,159,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.
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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