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

Duolingo, Inc. (NASDAQ:DUOL) insider Severin Hacker sold 10,000 shares of the firm’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $298.25, for a total value of $2,982,500.00. Following the transaction, the insider now owns 72 shares of the company’s stock, valued at $21,474. The trade was a 99.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, February 5th, Severin Hacker sold 10,000 shares of Duolingo stock. The shares were sold at an average price of $391.46, for a total value of $3,914,600.00.
• On Tuesday, January 21st, Severin Hacker sold 10,000 shares of Duolingo stock. The shares were 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 value of $3,362,300.00.

Duolingo Stock Performance

Shares of NASDAQ DUOL traded up $3.13 during trading on Friday, hitting $309.30. The company had a trading volume of 868,382 shares, compared to its average volume of 700,670. The stock has a 50 day simple moving average of $347.77 and a 200 day simple moving average of $318.22. 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, Inc. has a 12 month low of $145.05 and a 12 month high of $441.77. The firm has a market capitalization of $13.99 billion, a P/E ratio of 169.02 and a beta of 0.92.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.19). Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The company had revenue of $209.55 million during the quarter, compared to the consensus estimate of $205.49 million. As a group, analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. DA Davidson raised their price target on Duolingo from $350.00 to $400.00 and gave the company a “buy” rating in a report on Friday, February 28th. Scotiabank assumed coverage on Duolingo in a research report on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 price objective on the stock. Piper Sandler increased their price objective on Duolingo from $351.00 to $390.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Citizens Jmp raised Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 price objective on the stock in a research report on Tuesday. Finally, Jefferies Financial Group assumed coverage on Duolingo in a research report on Friday, January 24th. They set a “hold” rating and a $370.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $376.25.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. True Wealth Design LLC bought a new position in shares of Duolingo in the third quarter worth about $26,000. First Horizon Advisors Inc. bought a new stake in Duolingo during the 3rd quarter valued at approximately $29,000. Quarry LP raised its stake in Duolingo by 250.0% during the 4th quarter. Quarry LP now owns 91 shares of the company’s stock valued at $30,000 after purchasing an additional 65 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in Duolingo during the 4th quarter valued at approximately $31,000. Finally, Harvest Fund Management Co. Ltd raised its stake in Duolingo by 5,050.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock valued at $33,000 after purchasing an additional 101 shares during the period. Institutional investors 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.