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 firm’s stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $471.20, for a total transaction of $4,712,000.00. Following the completion of the sale, the insider now owns 72 shares of the company’s stock, valued at $33,926.40. This trade represents a 99.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, June 5th, Severin Hacker sold 10,000 shares of Duolingo stock. The shares were sold at an average price of $525.10, for a total transaction of $5,251,000.00.
• On Monday, May 5th, Severin Hacker sold 10,000 shares of Duolingo stock. The shares were sold at an average price of $495.95, for a total transaction of $4,959,500.00.
• On Monday, April 21st, Severin Hacker sold 10,000 shares of Duolingo stock. The shares were sold at an average price of $314.36, for a total transaction 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 transaction of $2,924,300.00.

Duolingo Trading Down 4.9%

Shares of NASDAQ DUOL traded down $23.03 during midday trading on Monday, reaching $448.54. 1,246,296 shares of the stock were exchanged, compared to its average volume of 719,790. The company has a market capitalization of $20.39 billion, a P/E ratio of 220.96, a P/E/G ratio of 3.61 and a beta of 1.00. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $544.93. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.06. The stock has a 50 day moving average price of $466.33 and a 200-day moving average price of $383.71.

Duolingo (NASDAQ:DUOL) last released its earnings results on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.20. Duolingo had a net margin of 11.93% and a return on equity of 11.70%. The firm had revenue of $230.74 million during the quarter, compared to the consensus estimate of $223.15 million. Duolingo’s revenue was up 37.6% on a year-over-year basis. Equities research analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. UBS Group restated an “overweight” rating on shares of Duolingo in a report on Thursday, May 22nd. Morgan Stanley raised their target price on shares of Duolingo from $435.00 to $515.00 and gave the company an “overweight” rating in a report on Monday, May 5th. DA Davidson raised their target price on shares of Duolingo from $470.00 to $600.00 and gave the company a “buy” rating in a report on Friday, May 30th. The Goldman Sachs Group raised their target price on shares of Duolingo from $340.00 to $403.00 and gave the company a “neutral” rating in a report on Monday, May 5th. Finally, Barclays raised their target price on shares of Duolingo from $330.00 to $375.00 and gave the company an “equal weight” rating in a report on Friday, May 2nd. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Duolingo has a consensus rating of “Moderate Buy” and a consensus target price of $441.29.

Institutional Investors Weigh In On Duolingo

Institutional investors have recently bought and sold shares of the stock. Congress Asset Management Co. purchased a new stake in Duolingo in the first quarter valued at approximately $15,430,000. Taika Capital LP acquired a new position in Duolingo during the fourth quarter valued at approximately $2,697,000. BNP Paribas Financial Markets acquired a new stake in shares of Duolingo in the fourth quarter worth $9,708,000. Redwood Investment Management LLC purchased a new position in shares of Duolingo in the 4th quarter valued at $1,429,000. Finally, Abacus FCF Advisors LLC purchased a new position in shares of Duolingo in the 1st quarter valued at $4,904,000. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

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.