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

Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) insider Severin Hacker sold 10,000 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $336.23, for a total transaction of $3,362,300.00. Following the completion of the sale, the insider now directly owns 72 shares of the company's stock, valued at $24,208.56. This trade represents a 99.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, December 19th, Severin Hacker sold 10,000 shares of Duolingo stock. The shares were sold at an average price of $336.82, for a total value 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 Trading Down 4.9 %

DUOL stock traded down $16.37 during mid-day trading on Tuesday, reaching $320.35. 639,469 shares of the stock traded hands, compared to its average volume of 515,792. The stock's fifty day moving average is $333.76 and its 200-day moving average is $262.44. The company has a market cap of $14.09 billion, a P/E ratio of 175.06 and a beta of 0.87. 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 52-week low of $145.05 and a 52-week high of $378.48.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted 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. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The firm had revenue of $192.59 million during the quarter, compared to analyst estimates of $189.19 million. During the same quarter last year, the business posted $0.06 EPS. The company's revenue was up 39.9% on a year-over-year basis. As a group, sell-side analysts expect that Duolingo, Inc. will post 2.02 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group boosted their price target on Duolingo from $250.00 to $275.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. DA Davidson upped their price objective on shares of Duolingo from $250.00 to $350.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Barclays upped their price target on shares of Duolingo from $183.00 to $295.00 and gave the stock an "equal weight" rating in a research note on Thursday, November 7th. Piper Sandler boosted their target price on Duolingo from $271.00 to $351.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Finally, JMP Securities lowered Duolingo from an "outperform" rating to a "market perform" rating in a research note on Monday, October 14th. Six investment 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $353.90.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. True Wealth Design LLC purchased a new position in Duolingo during the 3rd quarter valued at about $26,000. First Horizon Advisors Inc. purchased a new position in Duolingo during the third quarter valued at approximately $29,000. Farther Finance Advisors LLC grew its position in Duolingo by 164.6% during the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company's stock valued at $36,000 after purchasing an additional 79 shares in the last quarter. Larson Financial Group LLC acquired a new position in Duolingo in the 2nd quarter valued at approximately $31,000. Finally, Mark Sheptoff Financial Planning LLC purchased a new stake in Duolingo in the 2nd quarter worth approximately $36,000. 91.59% of the stock is owned by institutional investors and hedge funds.

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.