Insider Selling: Duolingo (NASDAQ:DUOL) Insider Sells $402,392.95 in Stock

Duolingo, Inc. (NASDAQ:DUOLGet Free Report) insider Natalie Glance sold 3,545 shares of Duolingo stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $113.51, for a total transaction of $402,392.95. Following the completion of the sale, the insider owned 115,380 shares in the company, valued at $13,096,783.80. The trade was a 2.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

  • On Tuesday, February 17th, Natalie Glance sold 1,741 shares of Duolingo stock. The shares were sold at an average price of $110.06, for a total value of $191,614.46.

Duolingo Stock Up 1.6%

DUOL stock opened at $112.94 on Monday. The company has a market cap of $5.22 billion, a price-to-earnings ratio of 14.31, a P/E/G ratio of 0.60 and a beta of 0.86. Duolingo, Inc. has a twelve month low of $107.16 and a twelve month high of $544.93. The business has a 50 day moving average price of $152.08 and a two-hundred day moving average price of $231.60. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.07.

Hedge Funds Weigh In On Duolingo

A number of large investors have recently made changes to their positions in the company. Baillie Gifford & Co. boosted its stake in Duolingo by 71.9% in the 4th quarter. Baillie Gifford & Co. now owns 4,861,445 shares of the company’s stock valued at $853,184,000 after purchasing an additional 2,033,611 shares during the period. Dragoneer Investment Group LLC boosted its position in shares of Duolingo by 324.4% in the third quarter. Dragoneer Investment Group LLC now owns 1,580,787 shares of the company’s stock valued at $508,760,000 after acquiring an additional 1,208,346 shares during the period. State of Michigan Retirement System grew its stake in shares of Duolingo by 5,800.0% in the fourth quarter. State of Michigan Retirement System now owns 560,500 shares of the company’s stock valued at $98,368,000 after acquiring an additional 551,000 shares in the last quarter. FIL Ltd grew its stake in shares of Duolingo by 1,715,575.9% in the fourth quarter. FIL Ltd now owns 497,546 shares of the company’s stock valued at $87,319,000 after acquiring an additional 497,517 shares in the last quarter. Finally, Norges Bank bought a new position in Duolingo during the fourth quarter worth about $86,159,000. Institutional investors own 91.59% of the company’s stock.

More Duolingo News

Here are the key news stories impacting Duolingo this week:

Analysts Set New Price Targets

Several research firms have recently weighed in on DUOL. UBS Group set a $245.00 price objective on shares of Duolingo in a research note on Monday, January 5th. Truist Financial set a $245.00 price target on Duolingo in a report on Thursday, January 15th. Citizens Jmp downgraded Duolingo from a “market outperform” rating to a “hold” rating in a research report on Thursday, November 6th. KeyCorp cut Duolingo from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 6th. Finally, The Goldman Sachs Group reduced their target price on Duolingo from $425.00 to $250.00 and set a “neutral” rating for the company in a research note on Friday, November 7th. Eleven equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Duolingo has a consensus rating of “Hold” and a consensus target price of $292.37.

Check Out Our Latest Report on DUOL

About Duolingo

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Duolingo (NASDAQ:DUOL)

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