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

Duolingo, Inc. (NASDAQ:DUOL) insider Severin Hacker sold 10,000 shares of the firm’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $321.63, for a total value of $3,216,300.00. Following the transaction, the insider directly owned 72 shares in the company, valued at approximately $23,157.36. The trade was a 99.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Friday, September 19th, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $288.94, for a total value of $2,889,400.00.
• On Friday, September 5th, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $268.55, for a total value of $2,685,500.00.
• On Tuesday, August 19th, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was 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 stock was 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 stock was sold at an average price of $360.33, for a total value of $3,603,300.00.

Duolingo Stock Performance

NASDAQ DUOL opened at $347.27 on Thursday. 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, Inc. has a 52-week low of $256.63 and a 52-week high of $544.93. The business’s 50-day moving average price is $316.97 and its 200 day moving average price is $380.33. The firm has a market cap of $15.91 billion, a P/E ratio of 142.91, a P/E/G ratio of 2.13 and a beta of 0.86.

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

Institutional Investors Weigh In On Duolingo

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rise Advisors LLC lifted its position in shares of Duolingo by 43.6% during the 1st quarter. Rise Advisors LLC now owns 79 shares of the company’s stock valued at $25,000 after acquiring an additional 24 shares during the period. Summit Securities Group LLC purchased a new position in shares of Duolingo during the 1st quarter worth approximately $28,000. Brooklyn Investment Group increased its stake in shares of Duolingo by 4,750.0% during the 1st quarter. Brooklyn Investment Group now owns 97 shares of the company’s stock worth $30,000 after purchasing an additional 95 shares in the last quarter. Garde Capital Inc. purchased a new position in shares of Duolingo during the 1st quarter worth approximately $31,000. Finally, Kiker Wealth Management LLC purchased a new position in shares of Duolingo during the 2nd quarter worth approximately $31,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DUOL. JPMorgan Chase & Co. raised their price target on Duolingo from $500.00 to $515.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Robert W. Baird assumed coverage on shares of Duolingo in a research report on Friday, September 5th. They issued a “neutral” rating and a $280.00 price objective for the company. JMP Securities reduced their price objective on shares of Duolingo from $475.00 to $450.00 and set a “market outperform” rating for the company in a research report on Monday, July 28th. Wall Street Zen downgraded shares of Duolingo from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Finally, Barclays raised their price objective on shares of Duolingo from $375.00 to $390.00 and gave the company an “equal weight” rating in a research report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Duolingo presently has an average rating of “Moderate Buy” and a consensus target price of $419.32.

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.