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 business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $336.23, for a total value of $3,362,300.00. Following the completion of the sale, the insider now directly owns 72 shares of the company’s stock, valued at approximately $24,208.56. This trade represents a 99.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Thursday, December 19th, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $336.82, for a total value of $3,368,200.00.
• On Wednesday, December 11th, Severin Hacker sold 188,901 shares of Duolingo stock. The shares were sold at an average price of $339.54, for a total value of $64,139,445.54.

Duolingo Price Performance

Shares of DUOL stock traded down $16.37 during trading hours on Tuesday, hitting $320.35. 639,440 shares of the company’s stock were exchanged, compared to its average volume of 515,768. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The firm has a market cap of $14.09 billion, a P/E ratio of 175.06 and a beta of 0.87. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $378.48. The firm has a 50 day moving average of $333.25 and a two-hundred day moving average of $261.64.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.14. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The firm had revenue of $192.59 million for the quarter, compared to analyst estimates of $189.19 million. During the same period in the previous year, the business posted $0.06 earnings per share. Duolingo’s quarterly revenue was up 39.9% on a year-over-year basis. Sell-side analysts forecast that Duolingo, Inc. will post 2.02 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. JMP Securities cut shares of Duolingo from an “outperform” rating to a “market perform” rating in a report on Monday, October 14th. DA Davidson increased their price target on shares of Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Scotiabank began coverage on shares of Duolingo in a report on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 target price for the company. Barclays boosted their price objective on Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a research report on Thursday, November 7th. Finally, Bank of America cut shares of Duolingo from a “buy” rating to a “neutral” rating and raised their target price for the company from $355.00 to $375.00 in a research note on Wednesday, December 11th. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Duolingo presently has a consensus rating of “Moderate Buy” and an average target price of $353.90.

Institutional Investors Weigh In On Duolingo

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC raised its holdings in shares of Duolingo by 26.9% in the 3rd quarter. FMR LLC now owns 2,663,234 shares of the company’s stock valued at $751,085,000 after buying an additional 564,173 shares during the period. State Street Corp raised its stake in Duolingo by 3.6% in the third quarter. State Street Corp now owns 1,076,273 shares of the company’s stock valued at $303,530,000 after buying an additional 36,923 shares in the last quarter. Dragoneer Investment Group LLC acquired a new stake in shares of Duolingo during the 2nd quarter worth about $204,768,000. Geode Capital Management LLC lifted its position in shares of Duolingo by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 672,800 shares of the company’s stock worth $189,790,000 after buying an additional 16,481 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in Duolingo by 25.1% in the second quarter. American Century Companies Inc. now owns 498,957 shares of the company’s stock valued at $104,117,000 after acquiring an additional 100,167 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

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.