Duolingo, Inc. (NYSE:DUOL – Get Rating) SVP Natalie Glance sold 1,213 shares of the firm's stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $74.31, for a total value of $90,138.03. Following the transaction, the senior vice president now owns 130,085 shares in the company, valued at $9,666,616.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Duolingo Stock Performance
DUOL stock traded down $1.39 during mid-day trading on Thursday, reaching $69.27. The company had a trading volume of 385,410 shares, compared to its average volume of 494,539. The company has a quick ratio of 4.45, a current ratio of 4.29 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $2.75 billion, a P/E ratio of -43.15 and a beta of -0.15. Duolingo, Inc. has a one year low of $60.50 and a one year high of $139.12. The stock's 50-day simple moving average is $89.26 and its two-hundred day simple moving average is $91.33.
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Analyst Ratings Changes
DUOL has been the topic of several research analyst reports. Raymond James reduced their price objective on Duolingo from $111.00 to $109.00 and set an "outperform" rating on the stock in a research note on Friday, November 11th. Barclays reduced their price objective on Duolingo from $102.00 to $83.00 and set an "equal weight" rating on the stock in a research note on Friday, November 11th. Bank of America reduced their price objective on Duolingo from $130.00 to $105.00 and set a "buy" rating on the stock in a research note on Friday, November 11th. Evercore ISI raised their target price on Duolingo from $130.00 to $135.00 in a research note on Friday, November 11th. Finally, JMP Securities reiterated a "buy" rating and issued a $128.00 target price on shares of Duolingo in a research note on Monday, August 29th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $110.00.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Durable Capital Partners LP increased its holdings in shares of Duolingo by 59.8% during the first quarter. Durable Capital Partners LP now owns 3,248,046 shares of the company's stock valued at $308,922,000 after purchasing an additional 1,215,144 shares during the period. Baillie Gifford & Co. increased its holdings in shares of Duolingo by 15.7% during the third quarter. Baillie Gifford & Co. now owns 3,069,553 shares of the company's stock valued at $292,314,000 after purchasing an additional 416,129 shares during the period. Vanguard Group Inc. increased its holdings in shares of Duolingo by 24.8% during the third quarter. Vanguard Group Inc. now owns 2,357,551 shares of the company's stock valued at $224,510,000 after purchasing an additional 468,057 shares during the period. BlackRock Inc. grew its holdings in Duolingo by 2.8% during the third quarter. BlackRock Inc. now owns 2,050,703 shares of the company's stock worth $195,287,000 after acquiring an additional 56,708 shares during the period. Finally, Foxhaven Asset Management LP grew its holdings in Duolingo by 73.5% during the first quarter. Foxhaven Asset Management LP now owns 1,139,964 shares of the company's stock worth $108,422,000 after acquiring an additional 482,873 shares during the period. 69.88% of the stock is owned by institutional investors and hedge funds.
Duolingo Company Profile
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Duolingo, Inc develops a language-learning website and mobile app in the United States and China. The company offers courses in 40 different languages, including Spanish, English, French, Japanese, German, Italian, Chinese, Portuguese, and others. It also provides a digital language proficiency assessment exam.
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