Duolingo, Inc. (NASDAQ:DUOL) Insider Sells $1,160,891.76 in Stock

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 sale, the insider now directly owns 129,572 shares in the company, valued at approximately $56,400,100.16. This trade represents a 2.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 stock was sold at an average price of $369.33, for a total value of $553,995.00.

Duolingo Trading Down 8.6 %

Shares of NASDAQ:DUOL opened at $385.35 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The stock has a market capitalization of $16.95 billion, a price-to-earnings ratio of 210.57 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 company has a 50 day moving average price of $356.96 and a 200 day moving average price of $303.37.

Institutional Investors Weigh In On Duolingo

Several large investors have recently modified their holdings of the stock. FMR LLC boosted its position in shares of Duolingo by 39.9% in the 4th quarter. FMR LLC now owns 3,726,561 shares of the company’s stock valued at $1,208,263,000 after purchasing an additional 1,063,327 shares during the period. Vanguard Group Inc. increased its position in shares of Duolingo by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 3,542,194 shares of the company’s stock worth $1,148,486,000 after acquiring an additional 70,705 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Duolingo by 0.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,339,780 shares of the company’s stock worth $434,398,000 after acquiring an additional 10,638 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Duolingo by 53.5% during the fourth quarter. Invesco Ltd. now owns 1,085,066 shares of the company’s stock valued at $351,811,000 after acquiring an additional 378,225 shares during the period. Finally, State Street Corp lifted its position in shares of Duolingo by 3.6% in the 3rd quarter. State Street Corp now owns 1,076,273 shares of the company’s stock valued at $303,530,000 after acquiring an additional 36,923 shares in the last quarter. 91.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Piper Sandler boosted their price target on Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Seaport Res Ptn downgraded shares of Duolingo from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Barclays raised their target price on shares of Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a research note on Thursday, November 7th. UBS Group boosted their price target on shares of Duolingo from $408.00 to $410.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, Scotiabank began coverage on shares of Duolingo in a report on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Duolingo presently has a consensus rating of “Moderate Buy” and a consensus target price of $355.55.

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.