Summary of the trades
Duolingo Chief Engineering Officer Natalie Glance executed a series of sales of Class A Common Stock totaling $594,016 on February 17 and 18. The transactions were completed under a Rule 10b5-1 trading plan that Glance adopted on November 14, 2024.
Transaction details
On February 17, Glance sold 1,741 shares at $110.06 per share, producing proceeds of $191,614. The following day, February 18, she completed additional sales that together amounted to $402,402. Those February 18 sales were executed across four separate transactions:
- 1,499 shares at prices ranging from $111.87 to $112.86;
- 166 shares at prices ranging from $112.87 to $113.77;
- 1,520 shares at prices ranging from $113.88 to $114.87;
- 360 shares at prices ranging from $114.92 to $115.57.
Combined, the two days of activity sum to $594,016 in proceeds.
Post-transaction holdings and company financials
Following these dispositions, Glance directly holds 115,380 shares of Duolingo Class A Common Stock, and she indirectly holds 130 shares through her son. The language-learning company reports strong gross margins of 72% and a balance sheet position with more cash than debt.
Market context
Duolingo shares are trading near a 52-week low of $107.16 and are down 74% over the past year. According to InvestingPro analysis cited in reports, the stock appears undervalued at current levels based on Fair Value calculations, and the platform’s Pro Research Report is available for deeper valuation insights.
Analyst views and industry developments
Analyst coverage of Duolingo remains mixed. Truist Securities has reiterated a Buy rating with a $245 price target, pointing to the company’s progress in applying artificial intelligence to product development and content generation. DA Davidson has trimmed its price target to $170 from $205 while maintaining a Neutral rating, citing concerns about user growth despite a strong month-over-month increase in January. KeyBanc Capital Markets retained a Sector Weight rating and highlighted worries about future growth and the potential effect of a recent CFO transition on bookings growth and margins in 2026. Citizens maintained a Market Perform rating and noted promising performance from Duolingo’s new character-led advertisements, which have shown high video completion and click-through rates.
In the broader market, T-Mobile introduced a real-time AI translation service, a development that figures into the competitive and technological landscape in which Duolingo operates.
What this means
The insider sales were carried out under a pre-established trading plan and do not, by themselves, indicate changed ownership levels beyond the updated holdings disclosed above. The stock’s recent performance, the firm’s reported financial metrics, and the varied analyst opinions present a mixed picture of near-term investor sentiment and strategic outlook.