Duolingo, Inc. (NASDAQ:DUOL) Insider Sells $3,362,300.00 in Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction 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 transaction, the insider now owns 72 shares in the company, valued at approximately $24,208.56. This represents a 99.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Thursday, December 19th, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $336.82, for a total transaction of $3,368,200.00.
• On Wednesday, December 11th, Severin Hacker sold 188,901 shares of Duolingo stock. The shares were sold at an average price of $339.54, for a total value of $64,139,445.54.

Duolingo Trading Up 0.9 %

Shares of Duolingo stock opened at $323.14 on Thursday. The company has a 50-day moving average of $334.23 and a two-hundred day moving average of $262.87. The stock has a market cap of $14.21 billion, a PE ratio of 176.58 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 12-month low of $145.05 and a 12-month high of $378.48.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.14. The firm had revenue of $192.59 million during the quarter, compared to analysts’ expectations of $189.19 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. Duolingo’s revenue was up 39.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.06 earnings per share. On average, research analysts anticipate that Duolingo, Inc. will post 2.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Diversified Trust Co purchased a new position in Duolingo during the 4th quarter valued at about $784,000. Everence Capital Management Inc. acquired a new stake in shares of Duolingo in the fourth quarter valued at approximately $357,000. Franchise Capital Ltd purchased a new position in shares of Duolingo during the 4th quarter worth approximately $2,971,000. GAMMA Investing LLC raised its position in shares of Duolingo by 60.1% during the 4th quarter. GAMMA Investing LLC now owns 570 shares of the company’s stock worth $185,000 after purchasing an additional 214 shares during the last quarter. Finally, Lord Abbett & CO. LLC raised its position in shares of Duolingo by 63.6% during the 3rd quarter. Lord Abbett & CO. LLC now owns 197,670 shares of the company’s stock worth $55,747,000 after purchasing an additional 76,875 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DUOL. Barclays boosted their target price on Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a report on Thursday, November 7th. Bank of America cut shares of Duolingo from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $355.00 to $375.00 in a research note on Wednesday, December 11th. UBS Group lifted their target price on shares of Duolingo from $355.00 to $408.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Seaport Res Ptn cut shares of Duolingo from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, DA Davidson lifted their price objective on Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.