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

Duolingo, Inc. (NASDAQ:DUOL) insider Severin Hacker sold 10,000 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $333.95, for a total transaction of $3,339,500.00. Following the completion of the transaction, the insider now directly owns 72 shares of the company’s stock, valued at approximately $24,044.40. The trade was a 99.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, January 6th, Severin Hacker sold 10,000 shares of Duolingo stock. The shares were sold at an average price of $336.23, for a total value of $3,362,300.00.
• 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 value 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 Price Performance

Shares of DUOL stock opened at $335.99 on Friday. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $378.48. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The stock has a fifty day simple moving average of $338.70 and a two-hundred day simple moving average of $272.45. The stock has a market capitalization of $14.78 billion, a price-to-earnings ratio of 183.60 and a beta of 0.87.

Duolingo (NASDAQ:DUOL) last issued its earnings results 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 company had revenue of $192.59 million for the quarter, compared to analysts’ expectations of $189.19 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The firm’s quarterly revenue was up 39.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.06 EPS. On average, analysts predict that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Hedge Funds Weigh In On Duolingo

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Dragoneer Investment Group LLC bought a new position in Duolingo in the second quarter worth approximately $204,768,000. FMR LLC increased its holdings in shares of Duolingo by 26.9% in the 3rd quarter. FMR LLC now owns 2,663,234 shares of the company’s stock valued at $751,085,000 after acquiring an additional 564,173 shares during the period. International Assets Investment Management LLC raised its position in shares of Duolingo by 30,909.9% in the 3rd quarter. International Assets Investment Management LLC now owns 355,063 shares of the company’s stock worth $100,135,000 after acquiring an additional 353,918 shares in the last quarter. Spyglass Capital Management LLC purchased a new stake in shares of Duolingo during the 3rd quarter worth $38,512,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Duolingo by 42.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company’s stock valued at $96,530,000 after purchasing an additional 101,653 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on DUOL. 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 report on Wednesday, December 11th. 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 report on Thursday, December 19th. JPMorgan Chase & Co. raised their price objective on shares of Duolingo from $360.00 to $400.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. JMP Securities cut Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. Finally, DA Davidson raised their price target on Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock 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.