Duolingo, Inc. (NASDAQ:DUOL – Get Free Report) insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $263.13, for a total value of $2,631,300.00. Following the transaction, the insider directly owned 72 shares in the company, valued at $18,945.36. This trade represents a 99.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Severin Hacker also recently made the following trade(s):
- On Monday, October 20th, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $314.72, for a total value of $3,147,200.00.
- On Monday, October 6th, Severin Hacker sold 10,000 shares of Duolingo stock. The shares were sold at an average price of $321.63, for a total transaction of $3,216,300.00.
- On Friday, September 19th, Severin Hacker sold 10,000 shares of Duolingo stock. The shares were sold at an average price of $288.94, for a total transaction of $2,889,400.00.
- 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 transaction of $2,685,500.00.
- On Tuesday, August 19th, Severin Hacker sold 10,000 shares of Duolingo stock. The shares were sold at an average price of $344.56, for a total transaction of $3,445,600.00.
Duolingo Trading Down 25.5%
DUOL stock traded down $66.28 during midday trading on Thursday, reaching $193.74. The company’s stock had a trading volume of 13,037,413 shares, compared to its average volume of 1,240,158. The business’s 50-day simple moving average is $302.27 and its 200-day simple moving average is $378.73. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.10. Duolingo, Inc. has a 52 week low of $182.00 and a 52 week high of $544.93. The stock has a market cap of $8.88 billion, a PE ratio of 79.73, a price-to-earnings-growth ratio of 1.73 and a beta of 0.83.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on DUOL. JMP Securities reduced their target price on Duolingo from $475.00 to $450.00 and set a “market outperform” rating on the stock in a report on Monday, July 28th. UBS Group cut their price target on shares of Duolingo from $500.00 to $450.00 and set a “buy” rating on the stock in a research report on Monday, October 20th. Needham & Company LLC cut their price target on shares of Duolingo from $460.00 to $300.00 and set a “buy” rating on the stock in a research report on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of Duolingo in a research report on Wednesday, October 8th. Finally, Scotiabank cut their price target on shares of Duolingo from $600.00 to $300.00 and set a “sector outperform” rating on the stock in a research report on Thursday. Ten investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $348.58.
View Our Latest Analysis on DUOL
Institutional Investors Weigh In On Duolingo
Large investors have recently modified their holdings of the business. Rise Advisors LLC increased its holdings in shares of Duolingo by 43.6% in the first quarter. Rise Advisors LLC now owns 79 shares of the company’s stock worth $25,000 after acquiring an additional 24 shares in the last quarter. Summit Securities Group LLC acquired a new position in Duolingo in the 1st quarter worth $28,000. Brooklyn Investment Group boosted its stake in Duolingo by 4,750.0% in the 1st quarter. Brooklyn Investment Group now owns 97 shares of the company’s stock worth $30,000 after purchasing an additional 95 shares during the period. Kiker Wealth Management LLC acquired a new position in Duolingo in the 2nd quarter worth $31,000. Finally, Atlantic Union Bankshares Corp acquired a new position in Duolingo in the 3rd quarter worth $32,000. 91.59% of the stock is currently owned by 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.
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