Duolingo, Inc. (NASDAQ:DUOL) Insider Sells $64,139,445.54 in Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Severin Hacker sold 188,901 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $339.54, for a total transaction of $64,139,445.54. Following the completion of the sale, the insider now owns 72 shares in the company, valued at $24,446.88. This represents a 99.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Duolingo Price Performance

NASDAQ:DUOL traded down $1.45 during trading hours on Friday, hitting $338.07. The company’s stock had a trading volume of 509,805 shares, compared to its average volume of 688,269. The stock has a fifty day simple moving average of $316.27 and a 200-day simple moving average of $244.33. The company has a market capitalization of $14.87 billion, a P/E ratio of 185.53 and a beta of 0.85. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $378.48.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.14. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The business had revenue of $192.59 million for the quarter, compared to analyst estimates of $189.19 million. During the same period last year, the firm posted $0.06 earnings per share. Duolingo’s revenue was up 39.9% compared to the same quarter last year. On average, analysts anticipate that Duolingo, Inc. will post 2.02 EPS for the current fiscal year.

Institutional Trading of Duolingo

A number of hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC lifted its stake in shares of Duolingo by 109.2% in the second quarter. SG Americas Securities LLC now owns 7,615 shares of the company’s stock worth $1,589,000 after acquiring an additional 3,975 shares during the period. Blue Trust Inc. purchased a new position in shares of Duolingo during the second quarter valued at approximately $32,000. Hennion & Walsh Asset Management Inc. boosted its position in shares of Duolingo by 13.2% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 3,499 shares of the company’s stock valued at $730,000 after buying an additional 408 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Duolingo by 19.5% during the second quarter. Nisa Investment Advisors LLC now owns 520 shares of the company’s stock valued at $109,000 after buying an additional 85 shares during the last quarter. Finally, Dakota Wealth Management purchased a new position in shares of Duolingo during the second quarter valued at approximately $240,000. 91.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on DUOL. UBS Group upped their price target on shares of Duolingo from $355.00 to $408.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Barclays boosted their price objective on Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th. Seaport Res Ptn cut Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Piper Sandler upped their price target on Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group upped their price target on Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $352.40.

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.