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 on Wednesday, March 19th. The stock was sold at an average price of $298.25, for a total value of $2,982,500.00. Following the sale, the insider now owns 72 shares in the company, valued at $21,474. The trade was a 99.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• 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 transaction 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 transaction of $3,339,500.00.
• On Monday, January 6th, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $336.23, for a total transaction of $3,362,300.00.

Duolingo Trading Up 3.2 %

Shares of DUOL traded up $10.50 during trading hours on Tuesday, reaching $340.50. The stock had a trading volume of 639,639 shares, compared to its average volume of 702,187. The firm has a 50-day moving average of $347.86 and a 200 day moving average of $321.31. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The company has a market cap of $15.41 billion, a P/E ratio of 186.07 and a beta of 0.92. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $441.77.

Remove Ads

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings results 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). Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The business had revenue of $209.55 million during the quarter, compared to the consensus estimate of $205.49 million. On average, sell-side analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC lifted its position in Duolingo by 39.9% in the 4th quarter. FMR LLC now owns 3,726,561 shares of the company's stock valued at $1,208,263,000 after acquiring an additional 1,063,327 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Duolingo by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 3,542,194 shares of the company's stock valued at $1,148,486,000 after purchasing an additional 70,705 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Duolingo by 0.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,339,780 shares of the company's stock worth $434,398,000 after buying an additional 10,638 shares during the period. Invesco Ltd. boosted its position in shares of Duolingo by 53.5% during the fourth quarter. Invesco Ltd. now owns 1,085,066 shares of the company's stock worth $351,811,000 after buying an additional 378,225 shares during the period. Finally, State Street Corp grew its holdings in shares of Duolingo by 3.6% during the third quarter. State Street Corp now owns 1,076,273 shares of the company's stock worth $303,530,000 after buying an additional 36,923 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on DUOL shares. JPMorgan Chase & Co. boosted their price objective on shares of Duolingo from $400.00 to $410.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Needham & Company LLC upped their price target on Duolingo from $385.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Citizens Jmp upgraded Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 price target on the stock in a report on Tuesday, March 18th. JMP Securities reissued a "market perform" rating on shares of Duolingo in a report on Friday, February 14th. Finally, Scotiabank assumed coverage on shares of Duolingo in a research report on Thursday, December 5th. They set a "sector outperform" rating and a $425.00 target price on the stock. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Duolingo presently has an average rating of "Moderate Buy" and a consensus target price of $376.25.

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.