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 Monday, April 7th. The shares were sold at an average price of $292.43, for a total value of $2,924,300.00. Following the transaction, the insider now directly owns 72 shares of the company’s stock, valued at $21,054.96. The trade was a 99.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, March 19th, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $298.25, for a total value of $2,982,500.00.
• On Wednesday, February 5th, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was 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 stock was sold at an average price of $333.95, for a total value of $3,339,500.00.

Duolingo Stock Up 15.0 %

Shares of NASDAQ DUOL opened at $337.40 on Thursday. The firm has a 50-day simple moving average of $341.50 and a two-hundred day simple moving average of $328.01. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $441.77. The company has a market cap of $15.26 billion, a P/E ratio of 184.37 and a beta of 0.91.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DUOL. Quarry LP raised its position in shares of Duolingo by 250.0% during the 4th quarter. Quarry LP now owns 91 shares of the company’s stock worth $30,000 after purchasing an additional 65 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Duolingo during the 4th quarter worth about $31,000. Harvest Fund Management Co. Ltd raised its position in shares of Duolingo by 5,050.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock worth $33,000 after purchasing an additional 101 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Duolingo by 323.1% during the 1st quarter. Versant Capital Management Inc now owns 110 shares of the company’s stock worth $34,000 after purchasing an additional 84 shares during the last quarter. Finally, Global Retirement Partners LLC raised its position in shares of Duolingo by 1,255.6% during the 4th quarter. Global Retirement Partners LLC now owns 122 shares of the company’s stock worth $40,000 after purchasing an additional 113 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DUOL. Piper Sandler upped 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. Needham & Company LLC raised their target price on Duolingo from $385.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, February 28th. UBS Group set a $400.00 price target on Duolingo in a research note on Tuesday, March 18th. JPMorgan Chase & Co. cut their price target on Duolingo from $410.00 to $360.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, The Goldman Sachs Group raised their price objective on Duolingo from $275.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $372.92.

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.