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

Duolingo, Inc. (NASDAQ:DUOL) insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $298.25, for a total value of $2,982,500.00. Following the transaction, the insider now directly owns 72 shares of the company’s stock, valued at $21,474. The trade was a 99.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, February 5th, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $391.46, for a total value of $3,914,600.00.
• On Tuesday, January 21st, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $333.95, for a total value of $3,339,500.00.
• On Monday, January 6th, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $336.23, for a total value of $3,362,300.00.

Duolingo Trading Up 1.0 %

Shares of Duolingo stock traded up $3.13 during midday trading on Friday, reaching $309.30. 868,382 shares of the company’s stock traded hands, compared to its average volume of 700,670. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The company has a market cap of $13.99 billion, a PE ratio of 169.02 and a beta of 0.92. The stock has a 50 day moving average of $347.77 and a 200-day moving average of $318.22. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $441.77.

Duolingo (NASDAQ:DUOL) last announced its earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). The business had revenue of $209.55 million for the quarter, compared to the consensus estimate of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. As a group, equities analysts expect that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Piper Sandler upped their target price on Duolingo from $351.00 to $390.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. JPMorgan Chase & Co. upped their target price on Duolingo from $400.00 to $410.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Barclays upped their target price on Duolingo from $295.00 to $330.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Scotiabank assumed coverage on Duolingo in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 target price for the company. Finally, Citizens Jmp raised Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 target price for the company in a research note on Tuesday. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $376.25.

Hedge Funds Weigh In On Duolingo

A number of institutional investors have recently added to or reduced their stakes in DUOL. Atria Investments Inc bought a new position in Duolingo in the third quarter worth $279,000. CIBC Asset Management Inc raised its holdings in Duolingo by 3.1% in the third quarter. CIBC Asset Management Inc now owns 1,061 shares of the company’s stock worth $299,000 after purchasing an additional 32 shares in the last quarter. Quest Partners LLC bought a new position in Duolingo in the third quarter worth $105,000. Pathstone Holdings LLC raised its holdings in Duolingo by 15.3% in the third quarter. Pathstone Holdings LLC now owns 5,242 shares of the company’s stock worth $1,478,000 after purchasing an additional 694 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in Duolingo by 5.8% in the third quarter. PNC Financial Services Group Inc. now owns 5,118 shares of the company’s stock worth $1,443,000 after purchasing an additional 280 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

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.