Duolingo (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 on Friday, September 19th. The stock was sold at an average price of $288.94, for a total value of $2,889,400.00. Following the transaction, the insider directly owned 72 shares in the company, valued at $20,803.68. This trade represents a 99.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Friday, September 5th, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $268.55, for a total value of $2,685,500.00.
• On Tuesday, August 19th, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $344.56, for a total value of $3,445,600.00.
• On Tuesday, August 5th, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $344.41, for a total value of $3,444,100.00.
• On Monday, July 21st, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $360.33, for a total value of $3,603,300.00.
• On Monday, July 7th, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $392.89, for a total value of $3,928,900.00.

Duolingo Stock Performance

NASDAQ DUOL opened at $309.34 on Tuesday. Duolingo, Inc. has a fifty-two week low of $256.63 and a fifty-two week high of $544.93. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.81 and a current ratio of 2.81. The firm has a market capitalization of $14.17 billion, a P/E ratio of 127.30, a price-to-earnings-growth ratio of 1.94 and a beta of 0.85. The stock’s fifty day moving average is $326.30 and its two-hundred day moving average is $379.22.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Wednesday, August 6th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.36. Duolingo had a return on equity of 13.32% and a net margin of 13.24%.The company had revenue of $252.27 million for the quarter, compared to the consensus estimate of $240.84 million. During the same quarter in the previous year, the business earned $0.51 earnings per share. The company’s revenue for the quarter was up 41.5% on a year-over-year basis. On average, research analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Baird R W upgraded Duolingo to a “hold” rating in a research report on Friday, September 5th. Wells Fargo & Company assumed coverage on Duolingo in a research report on Monday, September 8th. They issued an “underweight” rating and a $239.00 target price on the stock. Robert W. Baird assumed coverage on Duolingo in a research report on Friday, September 5th. They issued a “neutral” rating and a $280.00 target price on the stock. Argus began coverage on Duolingo in a research report on Wednesday, June 25th. They issued a “buy” rating and a $575.00 target price on the stock. Finally, KeyCorp upgraded Duolingo from a “sector weight” rating to an “overweight” rating and set a $460.00 price objective on the stock in a report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $419.32.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Rise Advisors LLC raised its stake in shares of Duolingo by 43.6% during the 1st quarter. Rise Advisors LLC now owns 79 shares of the company’s stock worth $25,000 after buying an additional 24 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Duolingo by 20.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 153 shares of the company’s stock worth $48,000 after buying an additional 26 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Duolingo by 16.3% during the 2nd quarter. Parallel Advisors LLC now owns 186 shares of the company’s stock worth $76,000 after buying an additional 26 shares in the last quarter. US Bancorp DE raised its stake in shares of Duolingo by 1.4% during the 2nd quarter. US Bancorp DE now owns 1,968 shares of the company’s stock worth $807,000 after buying an additional 28 shares in the last quarter. Finally, New York Life Investment Management LLC raised its stake in shares of Duolingo by 0.7% during the 2nd quarter. New York Life Investment Management LLC now owns 4,067 shares of the company’s stock worth $1,668,000 after buying an additional 30 shares in the last quarter. 91.59% of the stock is 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.