Insider Selling: Duolingo (NASDAQ:DUOL) Insider Sells $212,074.20 in Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Natalie Glance sold 1,539 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $137.80, for a total value of $212,074.20. Following the transaction, the insider owned 169,111 shares in the company, valued at approximately $23,303,495.80. This represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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, August 17th, Natalie Glance sold 2,751 shares of Duolingo stock. The shares were sold at an average price of $129.13, for a total value of $355,236.63.

Duolingo Trading Down 0.6%

Shares of DUOL opened at $146.13 on Friday. Duolingo, Inc. has a 12-month low of $87.89 and a 12-month high of $355.00. The firm has a market capitalization of $6.84 billion, a P/E ratio of 17.31, a P/E/G ratio of 1.20 and a beta of 0.87. The firm has a 50-day moving average price of $130.48 and a 200 day moving average price of $114.57. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.06.

Duolingo (NASDAQ:DUOL) last issued its earnings results on Wednesday, August 5th. The company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.06. Duolingo had a net margin of 35.88% and a return on equity of 12.10%. The company had revenue of $298.45 million for the quarter, compared to the consensus estimate of $295.58 million. During the same period in the previous year, the firm earned $0.91 earnings per share. Duolingo’s quarterly revenue was up 18.3% compared to the same quarter last year. Sell-side analysts forecast that Duolingo, Inc. will post 2.64 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DUOL. Morgan Stanley upped their price objective on Duolingo from $95.00 to $125.00 and gave the company an “equal weight” rating in a report on Thursday, July 16th. Barclays raised their target price on Duolingo from $110.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 6th. Susquehanna began coverage on Duolingo in a research report on Tuesday. They issued a “positive” rating on the stock. Zacks Research upgraded Duolingo from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Finally, Needham & Company LLC restated a “buy” rating and issued a $145.00 price objective on shares of Duolingo in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $131.19.

Institutional Trading of Duolingo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DUOL. Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of Duolingo by 3.5% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 940 shares of the company’s stock worth $385,000 after buying an additional 32 shares during the period. Evergreen Capital Management LLC raised its holdings in shares of Duolingo by 5.0% in the 2nd quarter. Evergreen Capital Management LLC now owns 818 shares of the company’s stock valued at $335,000 after buying an additional 39 shares during the period. Public Employees Retirement System of Ohio raised its holdings in shares of Duolingo by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 11,740 shares of the company’s stock valued at $3,778,000 after buying an additional 73 shares during the period. Northwestern Mutual Investment Management Company LLC lifted its stake in Duolingo by 1.2% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 8,953 shares of the company’s stock worth $1,571,000 after acquiring an additional 105 shares in the last quarter. Finally, Diversify Wealth Management LLC boosted its holdings in Duolingo by 3.7% during the 4th quarter. Diversify Wealth Management LLC now owns 3,139 shares of the company’s stock valued at $520,000 after acquiring an additional 111 shares during the period. Hedge funds and other institutional investors own 91.59% of the company’s stock.

About Duolingo

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.