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

Duolingo, Inc. (NASDAQ:DUOL) insider Severin Hacker sold 10,000 shares of the stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $292.43, for a total value of $2,924,300.00. Following the sale, the insider now directly owns 72 shares of the company’s stock, valued at $21,054.96. The trade was 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 Wednesday, March 19th, Severin Hacker sold 10,000 shares of Duolingo stock. The shares were sold at an average price of $298.25, for a total value of $2,982,500.00.
• On Wednesday, February 5th, Severin Hacker sold 10,000 shares of Duolingo stock. The shares were 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 shares were sold at an average price of $333.95, for a total value of $3,339,500.00.

Duolingo Price Performance

Duolingo stock opened at $337.40 on Thursday. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $441.77. The business has a 50-day simple moving average of $341.50 and a 200 day simple moving average of $328.01. 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 has a market cap of $15.26 billion, a price-to-earnings ratio of 184.37 and a beta of 0.91.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.19). Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm had revenue of $209.55 million for the quarter, compared to the consensus estimate of $205.49 million. On average, research analysts forecast that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Duolingo

Several hedge funds have recently added to or reduced their stakes in DUOL. FMR LLC lifted its stake in Duolingo by 39.9% during the fourth quarter. FMR LLC now owns 3,726,561 shares of the company’s stock worth $1,208,263,000 after purchasing an additional 1,063,327 shares during the last quarter. Norges Bank bought a new stake in Duolingo during the fourth quarter worth about $152,296,000. T. Rowe Price Investment Management Inc. lifted its stake in shares of Duolingo by 548.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 470,834 shares of the company’s stock valued at $152,659,000 after acquiring an additional 398,259 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Duolingo by 53.5% in the 4th quarter. Invesco Ltd. now owns 1,085,066 shares of the company’s stock valued at $351,811,000 after acquiring an additional 378,225 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Duolingo by 41,959.1% in the 1st quarter. GAMMA Investing LLC now owns 239,737 shares of the company’s stock valued at $74,448,000 after acquiring an additional 239,167 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Citizens Jmp raised Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 price objective for the company in a report on Tuesday, March 18th. Piper Sandler increased their price objective on Duolingo from $351.00 to $390.00 and gave the company an “overweight” rating in a report on Friday, February 28th. JMP Securities reissued a “market perform” rating on shares of Duolingo in a report on Friday, February 14th. Jefferies Financial Group assumed coverage on Duolingo in a report on Friday, January 24th. They set a “hold” rating and a $370.00 price objective for the company. Finally, Needham & Company LLC increased their price objective on Duolingo from $385.00 to $400.00 and gave the company a “buy” rating in a report on Friday, February 28th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $372.92.

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.