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

Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) insider Severin Hacker sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $336.82, for a total transaction of $3,368,200.00. Following the sale, the insider now owns 72 shares of the company's stock, valued at $24,251.04. This represents a 99.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• 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 Price Performance

Duolingo stock traded up $6.90 during midday trading on Friday, reaching $342.12. The company's stock had a trading volume of 1,237,691 shares, compared to its average volume of 689,346. The firm has a market capitalization of $15.05 billion, a PE ratio of 186.95 and a beta of 0.85. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $378.48. The stock's 50 day simple moving average is $322.88 and its 200 day simple moving average is $250.55. 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 (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, beating the consensus estimate 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 analysts' expectations of $189.19 million. During the same quarter last year, the business earned $0.06 earnings per share. The business's revenue for the quarter was up 39.9% compared to the same quarter last year. On average, equities research analysts forecast that Duolingo, Inc. will post 2.02 earnings per share for the current year.

Hedge Funds Weigh In On Duolingo

Several hedge funds have recently bought and sold shares of the company. Blue Trust Inc. purchased a new position in shares of Duolingo in the second quarter valued at $32,000. Nisa Investment Advisors LLC increased its holdings in Duolingo by 19.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 520 shares of the company's stock valued at $109,000 after acquiring an additional 85 shares in the last quarter. Fifth Third Bancorp acquired a new position in Duolingo during the second quarter worth about $40,000. Fifth Third Wealth Advisors LLC purchased a new stake in shares of Duolingo in the second quarter valued at about $220,000. Finally, Louisiana State Employees Retirement System acquired a new stake in shares of Duolingo in the second quarter valued at approximately $2,191,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DUOL has been the subject of a number of research analyst reports. UBS Group upped their target price on Duolingo from $355.00 to $408.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. increased their price objective on Duolingo from $360.00 to $400.00 and gave the company an "overweight" rating in a report on Thursday, December 12th. Barclays raised their target price on shares of Duolingo from $183.00 to $295.00 and gave the stock an "equal weight" rating in a research report on Thursday, November 7th. Needham & Company LLC upped their price target on shares of Duolingo from $370.00 to $385.00 and gave the company a "buy" rating in a research report on Thursday. Finally, The Goldman Sachs Group raised their price objective on shares of Duolingo from $250.00 to $275.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $353.90.

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.