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 company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $333.95, for a total value of $3,339,500.00. Following the transaction, the insider now owns 72 shares of the company’s stock, valued at approximately $24,044.40. This represents a 99.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, January 6th, Severin Hacker sold 10,000 shares of Duolingo stock. The shares were sold at an average price of $336.23, for a total transaction of $3,362,300.00.
• 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 transaction of $3,368,200.00.
• 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 Price Performance

Shares of NASDAQ:DUOL opened at $328.60 on Friday. The firm has a market cap of $14.46 billion, a price-to-earnings ratio of 179.56 and a beta of 0.87. The firm has a fifty day moving average price of $339.13 and a 200 day moving average price of $273.97. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $378.48. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.14. The firm had revenue of $192.59 million during the quarter, compared to analyst estimates of $189.19 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The business’s quarterly revenue was up 39.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.06 earnings per share. As a group, sell-side analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Duolingo

Several institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its position in Duolingo by 44.2% in the second quarter. Dimensional Fund Advisors LP now owns 88,410 shares of the company’s stock worth $18,448,000 after acquiring an additional 27,090 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its position in shares of Duolingo by 3.9% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,962 shares of the company’s stock valued at $409,000 after purchasing an additional 73 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in Duolingo by 80.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 1,879 shares of the company’s stock valued at $392,000 after buying an additional 836 shares during the period. Pacer Advisors Inc. bought a new stake in Duolingo in the second quarter worth $1,162,000. Finally, Thrivent Financial for Lutherans purchased a new position in Duolingo during the second quarter worth $1,865,000. Institutional investors own 91.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Seaport Res Ptn downgraded Duolingo from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. JMP Securities cut shares of Duolingo from an “outperform” rating to a “market perform” rating in a report on Monday, October 14th. Piper Sandler increased their target price on Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. boosted their price objective on shares of Duolingo from $360.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Finally, Barclays lifted their target price on Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a research report on Thursday, November 7th. Seven 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 company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $355.36.

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.