Duolingo, Inc. (NASDAQ:DUOL) Insider Severin Hacker Sells 10,000 Shares

Duolingo, Inc. (NASDAQ:DUOL) insider Severin Hacker sold 10,000 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $391.46, for a total value of $3,914,600.00. Following the completion of the sale, the insider now owns 72 shares in the company, valued at approximately $28,185.12. The trade was a 99.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Tuesday, January 21st, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $333.95, for a total value of $3,339,500.00.
• 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 value of $64,139,445.54.

Duolingo Stock Performance

Shares of DUOL stock opened at $389.36 on Friday. 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, Inc. has a 12-month low of $145.05 and a 12-month high of $411.69. The company has a market cap of $17.13 billion, a price-to-earnings ratio of 212.77 and a beta of 0.89. The stock has a 50 day simple moving average of $344.01 and a 200-day simple moving average of $284.64.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.14. The business had revenue of $192.59 million during the quarter, compared to the consensus estimate of $189.19 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The business’s revenue for the quarter was up 39.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.06 EPS. On average, equities analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DUOL. Bank of America lowered Duolingo from a “buy” rating to a “neutral” rating and raised their target price for the stock from $355.00 to $375.00 in a research report on Wednesday, December 11th. Piper Sandler lifted their price target on shares of Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Jefferies Financial Group assumed coverage on Duolingo in a research report on Friday, January 24th. They set a “hold” rating and a $370.00 target price on the stock. JMP Securities cut Duolingo from an “outperform” rating to a “market perform” rating in a research report on Monday, October 14th. Finally, JPMorgan Chase & Co. boosted their price objective on Duolingo from $360.00 to $400.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Seven research 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 company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $355.55.

Institutional Investors Weigh In On Duolingo

A number of large investors have recently modified their holdings of DUOL. Lisanti Capital Growth LLC grew its holdings in Duolingo by 0.3% during the 4th quarter. Lisanti Capital Growth LLC now owns 11,685 shares of the company’s stock worth $3,789,000 after acquiring an additional 40 shares in the last quarter. E Fund Management Co. Ltd. lifted its holdings in Duolingo by 74.3% in the 4th quarter. E Fund Management Co. Ltd. now owns 4,919 shares of the company’s stock valued at $1,595,000 after acquiring an additional 2,097 shares during the last quarter. Chung Wu Investment Group LLC purchased a new stake in Duolingo during the fourth quarter valued at about $389,000. Raymond James Financial Inc. purchased a new position in Duolingo during the 4th quarter valued at about $6,677,000. Finally, Arizona State Retirement System lifted its holdings in shares of Duolingo by 8.0% during the 4th quarter. Arizona State Retirement System now owns 9,777 shares of the company’s stock valued at $3,170,000 after buying an additional 723 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

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.