Insider Selling: Duolingo (NASDAQ:DUOL) Insider Sells $355,236.63 in Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Natalie Glance sold 2,751 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $129.13, for a total transaction of $355,236.63. Following the completion of the transaction, the insider directly owned 170,650 shares of the company’s stock, valued at approximately $22,036,034.50. This trade represents a 1.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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 Tuesday, August 18th, Natalie Glance sold 1,539 shares of Duolingo stock. The stock was sold at an average price of $137.80, for a total transaction of $212,074.20.

Duolingo Price Performance

Duolingo stock opened at $146.13 on Friday. Duolingo, Inc. has a 52-week low of $87.89 and a 52-week high of $355.00. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.06. The firm’s fifty day moving average is $130.48 and its 200 day moving average is $114.57. The company has a market cap of $6.84 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 1.20 and a beta of 0.87.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings data 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 business had revenue of $298.45 million during the quarter, compared to analysts’ expectations of $295.58 million. During the same period last year, the company posted $0.91 EPS. The business’s revenue was up 18.3% on a year-over-year basis. Sell-side analysts forecast that Duolingo, Inc. will post 2.64 EPS for the current fiscal year.

Institutional Trading of Duolingo

A number of large investors have recently modified their holdings of the company. Nykredit A S purchased a new stake in shares of Duolingo in the 2nd quarter worth $218,000. Public Employees Retirement System of Ohio purchased a new position in shares of Duolingo in the 2nd quarter worth approximately $1,262,000. Generali Investments Management Co LLC purchased a new position in Duolingo in the second quarter worth $565,000. Everhart Financial Group Inc. acquired a new position in Duolingo during the 2nd quarter valued at about $313,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of Duolingo during the second quarter valued at about $34,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DUOL. Susquehanna started coverage on Duolingo in a research note on Tuesday. They set a “positive” rating on the stock. JPMorgan Chase & Co. lifted their target price on Duolingo from $94.00 to $125.00 and gave the stock a “neutral” rating in a report on Friday, July 17th. Barclays boosted their target price on Duolingo from $110.00 to $115.00 and gave the company an “equal weight” rating in a research report on Thursday, August 6th. Zacks Research upgraded Duolingo from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Finally, Jefferies Financial Group raised their price target on Duolingo from $95.00 to $125.00 and gave the stock a “hold” rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Duolingo presently has an average rating of “Hold” and a consensus price target of $131.19.

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.