Duolingo, Inc. (NASDAQ:DUOL) Insider Sells $5,251,000.00 in Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Severin Hacker sold 10,000 shares of the firm’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $525.10, for a total transaction of $5,251,000.00. Following the completion of the transaction, the insider now directly owns 72 shares in the company, valued at $37,807.20. This represents a 99.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, May 5th, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $495.95, for a total value of $4,959,500.00.
• On Monday, April 21st, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $314.36, for a total value of $3,143,600.00.
• On Monday, April 7th, Severin Hacker sold 10,000 shares of Duolingo stock. The shares were sold at an average price of $292.43, for a total value of $2,924,300.00.
• On Wednesday, March 19th, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $298.25, for a total transaction of $2,982,500.00.

Duolingo Stock Performance

Shares of DUOL opened at $473.78 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The firm’s 50 day moving average is $441.17 and its 200-day moving average is $376.83. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $544.93. The stock has a market capitalization of $21.54 billion, a P/E ratio of 258.90 and a beta of 1.00.

Duolingo (NASDAQ:DUOL) last issued its earnings results on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.20. The firm had revenue of $230.74 million during the quarter, compared to analysts’ expectations of $223.15 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The firm’s revenue was up 37.6% compared to the same quarter last year. Equities research analysts anticipate that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Institutional Investors Weigh In On Duolingo

Large investors have recently modified their holdings of the stock. Catalyst Capital Advisors LLC purchased a new stake in shares of Duolingo during the fourth quarter valued at $1,994,000. Congress Asset Management Co. acquired a new stake in Duolingo during the 1st quarter worth about $15,430,000. Taika Capital LP purchased a new stake in Duolingo during the fourth quarter valued at about $2,697,000. BNP Paribas Financial Markets acquired a new position in shares of Duolingo in the fourth quarter worth about $9,708,000. Finally, Lecap Asset Management Ltd. purchased a new position in shares of Duolingo in the fourth quarter worth approximately $429,000. 91.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on DUOL shares. JMP Securities reissued a “market perform” rating on shares of Duolingo in a research note on Friday, February 14th. Barclays lifted their price target on Duolingo from $330.00 to $375.00 and gave the company an “equal weight” rating in a report on Friday, May 2nd. DA Davidson increased their price objective on Duolingo from $470.00 to $600.00 and gave the stock a “buy” rating in a report on Friday, May 30th. Citizens Jmp raised Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 target price on the stock in a research note on Tuesday, March 18th. Finally, Scotiabank increased their price target on Duolingo from $405.00 to $470.00 and gave the stock a “sector outperform” rating in a research note on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Duolingo presently has a consensus rating of “Moderate Buy” and a consensus price target of $441.29.

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.