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

Duolingo, Inc. (NASDAQ:DUOL) insider Severin Hacker sold 10,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $333.95, for a total value of $3,339,500.00. Following the completion of the transaction, the insider now owns 72 shares in the company, valued at approximately $24,044.40. This trade represents a 99.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $339.54, for a total transaction of $64,139,445.54.

Duolingo Stock Down 0.0 %

Shares of DUOL opened at $335.99 on Friday. The business’s 50 day moving average is $338.70 and its 200 day moving average is $272.45. 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. The company has a market capitalization of $14.78 billion, a PE ratio of 183.60 and a beta of 0.87.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating 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 business had revenue of $192.59 million during the quarter, compared to analyst estimates of $189.19 million. During the same period last year, the firm posted $0.06 EPS. The company’s revenue was up 39.9% on a year-over-year basis. Research analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on DUOL shares. Seaport Res Ptn lowered shares of Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Bank of America lowered Duolingo from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $355.00 to $375.00 in a research note on Wednesday, December 11th. Scotiabank assumed coverage on Duolingo in a report on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 target price on the stock. UBS Group boosted their price target on Duolingo from $355.00 to $408.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, JMP Securities downgraded 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 issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Duolingo presently has a consensus rating of “Moderate Buy” and a consensus price target of $353.90.

Institutional Trading of Duolingo

Several hedge funds have recently bought and sold shares of the stock. FMR LLC increased its holdings in shares of Duolingo by 26.9% in the third quarter. FMR LLC now owns 2,663,234 shares of the company’s stock worth $751,085,000 after purchasing an additional 564,173 shares during the last quarter. State Street Corp grew its holdings in Duolingo by 3.6% during the 3rd quarter. State Street Corp now owns 1,076,273 shares of the company’s stock valued at $303,530,000 after buying an additional 36,923 shares in the last quarter. Dragoneer Investment Group LLC purchased a new position in Duolingo during the 2nd quarter valued at approximately $204,768,000. Geode Capital Management LLC increased its stake in Duolingo by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 672,800 shares of the company’s stock worth $189,790,000 after acquiring an additional 16,481 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of Duolingo by 30,909.9% during 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. Hedge funds and other institutional investors own 91.59% of the company’s stock.

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.