Duolingo Slides Ahead of Q2 Earnings Report

Duolingo (DUOL) is down 3.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver appears to be pre-earnings positioning ahead of Duolingo’s second-quarter 2026 report, which is scheduled for August 5 after the market close. With no obvious new corporate announcement tied to today’s drop, investors may be trimming exposure because management previously signaled softer near-term bookings growth in Q2 even while keeping its full-year plan intact.

Details:

Duolingo has scheduled its Q2 2026 earnings release for Wednesday, August 5, 2026, with a webcast set for 5:00 p.m. ET, which can increase volatility as traders adjust positions before results.

In its latest quarterly update, Duolingo posted Q1 2026 revenue of $292.0 million, up 27% year over year, while paid subscribers rose to 12.5 million and daily active users reached 56.5 million.

Management’s Q2 2026 outlook called for about $295.5 million in revenue and $283.5 million in bookings, and it noted that second-quarter bookings growth would face a difficult comparison before improving later in the year.

No major new press release or clearly market-moving SEC filing appeared to surface today, so this could be because investors are reacting more to expectations and risk management than to a fresh fundamental development.

Sources:

Duolingo Investor Relations, Duolingo Q1 2026 Shareholder Letter, SEC

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$DUOL Insider Trading Activity

$DUOL insiders have traded $DUOL stock on the open market 24 times in the past 6 months. Of those trades, 1 have been purchases and 23 have been sales.

Here’s a breakdown of recent trading of $DUOL stock by insiders over the last 6 months:

NATALIE GLANCE (Chief Engineering Officer) has made 0 purchases and 8 sales selling 10,575 shares for an estimated $1,192,030.
MATTHEW SKARUPPA (Chief Financial Officer) has made 0 purchases and 5 sales selling 5,856 shares for an estimated $658,304.
STEPHEN C. CHEN (General Counsel) has made 0 purchases and 8 sales selling 5,594 shares for an estimated $630,500.
JAMES H SHELTON purchased 5,000 shares for an estimated $498,792
ROBERT MEESE (Chief Business Officer) has made 0 purchases and 2 sales selling 2,420 shares for an estimated $269,327.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

EARLY ACCESS

Receive DUOL Data Alerts

Real-time alerts on filings, insider trades, and market signals — before everyone else.

Get Alerts →

$DUOL Hedge Fund Activity

We have seen 221 institutional investors add shares of $DUOL stock to their portfolio, and 247 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL WORLD INVESTORS removed 2,241,378 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $220,932,629
FMR LLC removed 1,547,147 shares (-58.6%) from their portfolio in Q1 2026, for an estimated $152,502,279
TWO SIGMA INVESTMENTS, LP added 1,213,158 shares (+665.2%) to their portfolio in Q1 2026, for an estimated $119,580,984
FEDERATED HERMES, INC. added 1,164,808 shares (+1320.4%) to their portfolio in Q1 2026, for an estimated $114,815,124
DRAGONEER INVESTMENT GROUP, LLC removed 1,159,887 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $114,330,061
FIL LTD added 1,125,259 shares (+226.2%) to their portfolio in Q1 2026, for an estimated $110,916,779
BANK OF AMERICA CORP /DE/ added 1,114,315 shares (+511.2%) to their portfolio in Q1 2026, for an estimated $109,838,029

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$DUOL Price Targets

Multiple analysts have issued price targets for $DUOL recently. We have seen 10 analysts offer price targets for $DUOL in the last 6 months, with a median target of $100.5.

Here are some recent targets:

Alec Brondolo from Wells Fargo set a target price of $82.0 on 07/07/2026
Wyatt Swanson from DA Davidson set a target price of $120.0 on 06/29/2026
Ryan MacDonald from Needham set a target price of $145.0 on 05/05/2026
Mark Mahaney from Evercore ISI Group set a target price of $97.0 on 05/05/2026
Nathan Feather from Morgan Stanley set a target price of $95.0 on 05/05/2026
Bryan Smilek from JP Morgan set a target price of $94.0 on 05/05/2026
Mario Lu from Barclays set a target price of $110.0 on 03/02/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.