Duolingo, Inc. (NASDAQ:DUOL) Insider Sells $3,339,500.00 in Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction on 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 transaction, the insider now owns 72 shares in the company, valued at $24,044.40. The trade was a 99.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Monday, January 6th, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $336.23, for a total transaction of $3,362,300.00.
• On Thursday, December 19th, Severin Hacker sold 10,000 shares of Duolingo stock. The shares were 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 transaction of $64,139,445.54.

Duolingo Stock Performance

NASDAQ DUOL traded down $0.05 on Thursday, hitting $335.99. 403,183 shares of the stock were exchanged, compared to its average volume of 535,661. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The business’s fifty day moving average is $338.43 and its 200 day moving average is $272.01. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week 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 issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.14. The company had revenue of $192.59 million for the quarter, compared to analyst estimates of $189.19 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The company’s revenue was up 39.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 earnings per share. Research analysts anticipate that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Hedge Funds Weigh In On Duolingo

Several institutional investors and hedge funds have recently modified their holdings of the business. True Wealth Design LLC bought a new position in shares of Duolingo in the third quarter worth about $26,000. First Horizon Advisors Inc. bought a new position in Duolingo in the 3rd quarter valued at approximately $29,000. Farther Finance Advisors LLC raised its holdings in Duolingo by 164.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock worth $36,000 after purchasing an additional 79 shares during the last quarter. R Squared Ltd bought a new position in Duolingo during the 4th quarter worth approximately $55,000. Finally, Nisa Investment Advisors LLC grew its position in shares of Duolingo by 50.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 180 shares of the company’s stock worth $58,000 after buying an additional 60 shares during the period. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on DUOL shares. JMP Securities lowered shares of Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. Scotiabank began coverage on shares of Duolingo in a research report on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 price target for the company. The Goldman Sachs Group upped their price target on shares of Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Seaport Res Ptn downgraded shares of Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. increased their target price on shares of Duolingo from $360.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Six research 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.com, Duolingo has an average rating of “Moderate Buy” and an average target price 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.