Duolingo, Inc. (NASDAQ:DUOL) Insider Natalie Glance Sells 2,667 Shares

Duolingo, Inc. (NASDAQ:DUOL) insider Natalie Glance sold 2,667 shares of Duolingo stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $435.28, for a total value of $1,160,891.76. Following the completion of the sale, the insider now directly owns 129,572 shares in the company, valued at approximately $56,400,100.16. This represents a 2.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Friday, December 6th, Natalie Glance sold 1,500 shares of Duolingo stock. The shares were sold at an average price of $369.33, for a total value of $553,995.00.

Duolingo Stock Down 2.5 %

DUOL stock opened at $421.78 on Friday. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $18.55 billion, a PE ratio of 230.48 and a beta of 0.89. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $441.77. The business’s 50 day simple moving average is $356.02 and its 200 day simple moving average is $301.79.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Scotiabank assumed coverage on Duolingo in a research report on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 target price on the stock. Needham & Company LLC lifted their target price on Duolingo from $370.00 to $385.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. JMP Securities reissued a “market perform” rating on shares of Duolingo in a research report on Friday, February 14th. UBS Group lifted their target price on Duolingo from $408.00 to $410.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, Bank of America lowered Duolingo from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $355.00 to $375.00 in a research report on Wednesday, December 11th. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Duolingo currently has a consensus rating of “Moderate Buy” and a consensus target price of $355.55.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. True Wealth Design LLC acquired a new position in shares of Duolingo during the 3rd quarter worth approximately $26,000. First Horizon Advisors Inc. acquired a new position in shares of Duolingo during the 3rd quarter worth approximately $29,000. Quarry LP increased its holdings in shares of Duolingo by 250.0% during the 4th quarter. Quarry LP now owns 91 shares of the company’s stock worth $30,000 after acquiring an additional 65 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Duolingo during the 4th quarter worth approximately $31,000. Finally, Harvest Fund Management Co. Ltd boosted its stake in Duolingo by 5,050.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock valued at $33,000 after purchasing an additional 101 shares during the period. 91.59% of the stock is owned by institutional investors and hedge funds.

Duolingo Company Profile

Duolingo, Inc operates as a mobile learning platform in the United States, the United Kingdom, and internationally. The company offers courses in 40 different languages, including Spanish, English, French, German, Italian, Portuguese, Japanese, and Chinese through its Duolingo app. It also provides a digital English language proficiency assessment exam.