Duolingo, Inc. (NASDAQ:DUOL) Insider Severin Hacker Sells 10,000 Shares

Duolingo, Inc. (NASDAQ:DUOL) insider Severin Hacker sold 10,000 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $336.23, for a total transaction of $3,362,300.00. Following the completion of the sale, the insider now owns 72 shares of the company’s stock, valued at $24,208.56. This trade represents a 99.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Severin Hacker also recently made the following trade(s):

• On Thursday, December 19th, Severin Hacker sold 10,000 shares of Duolingo stock. The shares were sold at an average price of $336.82, for a total value of $3,368,200.00.
• On Wednesday, December 11th, Severin Hacker sold 188,901 shares of Duolingo stock. The stock was sold at an average price of $339.54, for a total value of $64,139,445.54.

Duolingo Price Performance

Duolingo stock traded down $16.37 during midday trading on Tuesday, reaching $320.35. The company’s stock had a trading volume of 639,440 shares, compared to its average volume of 515,768. The stock has a market cap of $14.09 billion, a PE ratio of 175.06 and a beta of 0.87. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $378.48. The business has a 50-day moving average price of $333.25 and a 200-day moving average price of $261.64.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.14. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business had revenue of $192.59 million during the quarter, compared to analysts’ expectations of $189.19 million. During the same period in the prior year, the company earned $0.06 EPS. The firm’s quarterly revenue was up 39.9% compared to the same quarter last year. On average, sell-side analysts predict that Duolingo, Inc. will post 2.02 EPS for the current year.

Analyst Upgrades and Downgrades

DUOL has been the topic of several research reports. Piper Sandler upped their price objective on shares of Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. JMP Securities cut shares of Duolingo from an “outperform” rating to a “market perform” rating in a report on Monday, October 14th. JPMorgan Chase & Co. upped their target price on Duolingo from $360.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Scotiabank assumed coverage on Duolingo in a report on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 price target for the company. Finally, Seaport Res Ptn downgraded Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Duolingo presently has a consensus rating of “Moderate Buy” and an average price target of $353.90.

Institutional Investors Weigh In On Duolingo

Hedge funds have recently modified their holdings of the company. True Wealth Design LLC purchased a new position in Duolingo during the third quarter worth about $26,000. First Horizon Advisors Inc. purchased a new stake in Duolingo in the third quarter valued at approximately $29,000. Larson Financial Group LLC purchased a new stake in shares of Duolingo during the 2nd quarter valued at $31,000. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Duolingo during the 2nd quarter worth $36,000. Finally, Farther Finance Advisors LLC grew its position in Duolingo by 164.6% in the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock worth $36,000 after acquiring an additional 79 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

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.