Duolingo, Inc. (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 that occurred on Thursday, December 19th. The shares were sold at an average price of $336.82, for a total transaction of $3,368,200.00. Following the sale, the insider now owns 72 shares of the company’s stock, valued at $24,251.04. This trade represents a 99.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Wednesday, December 11th, Severin Hacker sold 188,901 shares of Duolingo stock. The stock was sold at an average price of $339.54, for a total transaction of $64,139,445.54.

Duolingo Trading Up 2.1 %

Shares of DUOL traded up $6.90 during trading hours on Friday, reaching $342.12. 1,237,494 shares of the company traded hands, compared to its average volume of 689,345. The firm has a market cap of $15.05 billion, a price-to-earnings ratio of 186.95 and a beta of 0.85. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $378.48. The stock’s fifty day moving average price is $321.84 and its 200 day moving average price is $249.57. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last issued its earnings results on Wednesday, November 6th. The company reported $0.49 EPS 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 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 company posted $0.06 earnings per share. The company’s quarterly revenue was up 39.9% compared to the same quarter last year. Sell-side analysts forecast that Duolingo, Inc. will post 2.02 earnings per share for the current year.

Institutional Trading of Duolingo

Institutional investors and hedge funds have recently made changes to their positions in the company. Dragoneer Investment Group LLC purchased a new stake in shares of Duolingo during the 2nd quarter worth $204,768,000. Charles Schwab Investment Management Inc. lifted its position in shares of Duolingo by 42.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company’s stock valued at $96,530,000 after buying an additional 101,653 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Duolingo by 23.7% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 67,114 shares of the company’s stock valued at $14,005,000 after buying an additional 12,860 shares in the last quarter. Lisanti Capital Growth LLC grew its position in shares of Duolingo by 17.8% in the 3rd quarter. Lisanti Capital Growth LLC now owns 11,645 shares of the company’s stock worth $3,284,000 after buying an additional 1,760 shares during the last quarter. Finally, Rockefeller Capital Management L.P. bought a new position in shares of Duolingo during the 3rd quarter worth approximately $4,350,000. 91.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DUOL has been the topic of several analyst reports. Scotiabank assumed coverage on Duolingo in a research report on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 target price on the stock. DA Davidson lifted their price objective on Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. JMP Securities lowered shares of Duolingo from an “outperform” rating to a “market perform” rating in a report on Monday, October 14th. Barclays lifted their price target on shares of Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a report on Thursday, November 7th. Finally, Bank of America cut shares of Duolingo from a “buy” rating to a “neutral” rating and increased their price objective for the stock 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $353.90.

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.