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

Duolingo, Inc. (NASDAQ:DUOL) insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $333.95, for a total value of $3,339,500.00. Following the completion of the sale, the insider now owns 72 shares of the company’s stock, valued at $24,044.40. This trade represents a 99.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, January 6th, Severin Hacker sold 10,000 shares of Duolingo stock. The shares were sold at an average price of $336.23, for a total value of $3,362,300.00.
• 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 shares were sold at an average price of $339.54, for a total value of $64,139,445.54.

Duolingo Stock Down 2.2 %

NASDAQ:DUOL opened at $328.60 on Friday. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The stock’s fifty day moving average is $339.13 and its two-hundred day moving average is $273.37. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $378.48. The stock has a market capitalization of $14.46 billion, a price-to-earnings ratio of 179.56 and a beta of 0.87.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.14. The business had revenue of $192.59 million for the quarter, compared to analysts’ expectations of $189.19 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The company’s revenue for the quarter was up 39.9% compared to the same quarter last year. During the same period last year, the firm earned $0.06 earnings per share. Research analysts anticipate that Duolingo, Inc. will post 2.03 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on DUOL. Jefferies Financial Group began coverage on Duolingo in a report on Friday. They issued a “hold” rating and a $370.00 price objective on the stock. JPMorgan Chase & Co. upped their price objective on Duolingo from $360.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. DA Davidson upped their price objective on Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Scotiabank began coverage on Duolingo in a report on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 price objective on the stock. Finally, Piper Sandler upped their price objective on Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Duolingo has an average rating of “Moderate Buy” and an average price target of $355.36.

Institutional Trading of Duolingo

Several hedge funds have recently modified their holdings of the stock. China Universal Asset Management Co. Ltd. acquired a new stake in shares of Duolingo in the fourth quarter valued at $740,000. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Duolingo in the fourth quarter valued at $1,803,000. R Squared Ltd acquired a new stake in shares of Duolingo in the fourth quarter valued at $55,000. FSC Wealth Advisors LLC acquired a new stake in shares of Duolingo in the fourth quarter valued at $59,000. Finally, Pacer Advisors Inc. increased its holdings in Duolingo by 362.3% in the fourth quarter. Pacer Advisors Inc. now owns 43,833 shares of the company’s stock valued at $14,212,000 after buying an additional 34,351 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

About Duolingo

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.