Natalie Glance Sells 1,741 Shares of Duolingo (NASDAQ:DUOL) Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Natalie Glance sold 1,741 shares of Duolingo stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $110.06, for a total value of $191,614.46. Following the sale, the insider directly owned 118,925 shares in the company, valued at $13,088,885.50. The trade was a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Natalie Glance also recently made the following trade(s):

• 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 Price Performance

Duolingo stock opened at $111.11 on Friday. The business has a 50 day simple moving average of $153.74 and a 200 day simple moving average of $234.80. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.82 and a quick ratio of 2.82. The company has a market capitalization of $5.14 billion, a PE ratio of 14.08, a price-to-earnings-growth ratio of 0.60 and a beta of 0.86. Duolingo, Inc. has a one year low of $107.16 and a one year high of $544.93.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on DUOL shares. DA Davidson lowered their target price on shares of Duolingo from $205.00 to $170.00 and set a “neutral” rating on the stock in a report on Tuesday, January 27th. Bank of America upgraded shares of Duolingo from a “neutral” rating to a “buy” rating and reduced their price target for the company from $301.00 to $250.00 in a research report on Monday, January 5th. Scotiabank decreased their price objective on shares of Duolingo from $600.00 to $300.00 and set a “sector outperform” rating on the stock in a research note on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Duolingo in a report on Monday, December 29th. Finally, Wells Fargo & Company reduced their target price on Duolingo from $185.00 to $160.00 and set an “underweight” rating on the stock in a report on Thursday, January 8th. Eleven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $292.37.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DUOL. New York Life Investment Management LLC boosted its position in Duolingo by 0.7% in the 2nd quarter. New York Life Investment Management LLC now owns 4,067 shares of the company’s stock valued at $1,668,000 after buying an additional 30 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its stake 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 valued at $385,000 after acquiring an additional 32 shares during the period. Evergreen Capital Management LLC boosted its holdings in Duolingo by 5.0% in the second quarter. Evergreen Capital Management LLC now owns 818 shares of the company’s stock valued at $335,000 after acquiring an additional 39 shares during the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its position in Duolingo by 22.2% in the third quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 220 shares of the company’s stock worth $71,000 after purchasing an additional 40 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its position in Duolingo by 46.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 146 shares of the company’s stock worth $60,000 after purchasing an additional 46 shares during the period. 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.