Insider Selling: Duolingo (NASDAQ:DUOL) Insider 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 dated Friday, September 5th. The stock was sold at an average price of $268.55, for a total value of $2,685,500.00. Following the completion of the sale, the insider directly owned 72 shares in the company, valued at $19,335.60. The trade was 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 through this link.

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

• On Tuesday, August 19th, Severin Hacker sold 10,000 shares of Duolingo stock. The shares were sold at an average price of $344.56, for a total value of $3,445,600.00.
• On Tuesday, August 5th, Severin Hacker sold 10,000 shares of Duolingo stock. The shares were sold at an average price of $344.41, for a total value of $3,444,100.00.
• On Monday, July 21st, Severin Hacker sold 10,000 shares of Duolingo stock. The shares were sold at an average price of $360.33, for a total value of $3,603,300.00.
• On Monday, July 7th, Severin Hacker sold 10,000 shares of Duolingo stock. The shares were sold at an average price of $392.89, for a total value of $3,928,900.00.
• On Friday, June 20th, Severin Hacker sold 10,000 shares of Duolingo stock. The shares were sold at an average price of $471.20, for a total transaction of $4,712,000.00.

Duolingo Stock Up 1.0%

Shares of DUOL stock traded up $2.71 during trading hours on Tuesday, hitting $273.99. 281,389 shares of the company’s stock traded hands, compared to its average volume of 1,077,337. Duolingo, Inc. has a 12-month low of $212.85 and a 12-month high of $544.93. The stock has a market cap of $12.55 billion, a price-to-earnings ratio of 112.16, a PEG ratio of 1.81 and a beta of 0.85. The stock’s fifty day simple moving average is $345.97 and its two-hundred day simple moving average is $381.94. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.10.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.36. The business had revenue of $252.27 million for the quarter, compared to analysts’ expectations of $240.84 million. Duolingo had a return on equity of 13.32% and a net margin of 13.24%.The firm’s quarterly revenue was up 41.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 EPS. On average, analysts expect that Duolingo, Inc. will post 2.03 EPS for the current year.

Analysts Set New Price Targets

DUOL has been the topic of several analyst reports. Citigroup initiated coverage on Duolingo in a research report on Monday, August 18th. They issued a “buy” rating and a $400.00 price objective on the stock. Wells Fargo & Company initiated coverage on Duolingo in a report on Monday. They set an “underweight” rating and a $239.00 price target on the stock. Raymond James Financial reissued a “market perform” rating on shares of Duolingo in a report on Tuesday, August 26th. Baird R W raised Duolingo to a “hold” rating in a report on Friday. Finally, KeyCorp raised Duolingo from a “sector weight” rating to an “overweight” rating and set a $460.00 price target on the stock in a report on Monday, August 18th. Twelve research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $420.63.

Institutional Investors Weigh In On Duolingo

Several hedge funds and other institutional investors have recently modified their holdings of DUOL. T. Rowe Price Investment Management Inc. increased its stake in shares of Duolingo by 110.5% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 990,903 shares of the company’s stock worth $307,716,000 after purchasing an additional 520,069 shares in the last quarter. Norges Bank purchased a new stake in shares of Duolingo in the 2nd quarter worth $192,965,000. Invesco Ltd. increased its stake in shares of Duolingo by 24.1% in the 1st quarter. Invesco Ltd. now owns 1,346,278 shares of the company’s stock worth $418,073,000 after purchasing an additional 261,212 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Duolingo by 41,959.1% in the 1st quarter. GAMMA Investing LLC now owns 239,737 shares of the company’s stock worth $74,448,000 after purchasing an additional 239,167 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Duolingo by 105.9% in the 2nd quarter. AQR Capital Management LLC now owns 415,221 shares of the company’s stock worth $170,249,000 after purchasing an additional 213,529 shares in the last quarter. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

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.